Solend is, at the time of this post, paying ~51% APR on USDC in the TRUNK/USDC pool:
https://solend.fi/dashboard?pool=616...fhr hUJsSPXHx
I've seen this jump around between ~8-260% over the last several days, 7 day average 78.83%. Expect it to settle down eventually as more users onboard, probably somewhere between 10-25%, which is still excellent for stablecoins.
All you do is supply the USDC and collect interest. Savanna Haus foundation is functioning as a market maker in the lending pool ($4 million budget) so there should be plenty of liquidity available. You can withdraw your funds at any time, provided the utilization rate permits it - but if it gets too high, you earn massive interest until someone repays their loan and provides exit liquidity for you.
This is another part of the Elephant.money ecosystem that I've been talking about for years. Hopefully some of you followed my other thread and have made some good returns with the ELEPHANT and FUTURES plays.
TRUNK is currently the hot token in the EM ecosystem, and it is the other token in this pool. You don't need to touch it if you just want the USDC play. You can however supply USDC and borrow TRUNK if you want to speculate on it; it is highly deflationary and is being used as a store of value token for the FUTURES offering, meaning every time someone deposits funds into FUTURES, TRUNK gets locked up into a "turbine" which retains 99% of the deposit year to year. The token has gone from ~$0.037 to currently $0.54 in about 2 months.
There are tons of other plays within Elephant money as well, these are the ones to focus on at the moment: TRUNK, FUTURES, USDC lending on Solend.
Feel free to post questions and I'll try to keep an eye on them. Don't let the fudders and bitcoin maxis scare you from earning profits - I've proven them all wrong already. Do use your own due diligence; while one of the safer plays in defi, there are still contractual risks so this probably isn't something you'd want to put your life savings into. Whatever you're comfortable with, there is plenty of time for it to grow.
https://solend.fi/dashboard?pool=616...fhr hUJsSPXHx
https://elephant.money/
https://t.me/elephant_money
https://medium.com/elephant-money
https://linktr.ee/elephant_money
The founder of Elephant.money is an MIT grad with 25 years of experience in FinTech, former CTO/COO Fidelity and State Street. Extensive experience with financial regulations, former colleague of Gary Gensler chairman of the SEC.
Savanna Haus manages Elephant.money as a DAO. Savanna Haus has recently retained legal service from Perkins Coie (yes, that one).
This project has been years in the making, there's been tons of opportunities to make early money with it, and it is just getting started.
Keep it fun, don't overextend yourself, but don't miss out
