Unlocking the Future of Adaptive Yield Strategies
Sustainable Earnings Across Bull, Bear, and Neutral Markets with
@EefiFinance -
$EEFI
Imagine everyone crying about the market crashing and dumping, while you’re the one earning from it 🤑
The Elastic Finance Index Token
$EEFI is an ERC-20 yield token generated by the protocol's core Elastic Vault.
The protocol is designed to build yield strategies that succeed across all market conditions (bull and bear markets), leveraging Ampleforth's (
$AMPL ) rebasing mechanics 👀
Those depositing
$AMPL into the protocol's core Elastic Vault will earn rewards in the form of
$EEFI and
$OHM 💰
Key Features of Elastic Protocol:
Functionality⚙️
The Elastic Vault automates yield strategies by monitoring the rebase state of
$AMPL (positive, negative, or neutral).
Yield Generation 💸
It mints or burns
$EEFI based on AMPL’s rebase status:
-Neutral/Negative Rebase: Mint
$EEFI for stakers.
-Positive Rebase: Sells a portion of
$AMPL for OHM to buy and burn
$EEFI.
Flywheel Strategy
The Elastic Protocol operates as a flywheel, meaning it cycles through different yield strategies depending on AMPL’s rebase state"
👇
Expansion (Positive Rebase):
AMPL supply increases, and some of the gains are sold for OHM to buy and burn EEFI.
Contraction (Negative Rebase):
AMPL supply decreases, and EEFI is minted for those staking AMPL in the vault.
Steady State (Neutral Rebase):
No change in AMPL supply, but EEFI is still minted for stakers.
$AMPL chart
Yield Opportunities 🤑
⬇️
AMPL Stakers:
Earn
$EEFI and
$OHM rewards.
Liquidity Providers (OHM/EEFI LPs):
Earn
$EEFI and
$OHM based on the AMPL rebase state.
During positive rebases, they receive
$OHM;
During negative/neutral rebases, they earn
$EEFI.
Tokenomics
$EEFI Token Supply
EEFI does not have a fixed maximum supply
The supply is rather driven by:
1. The amount of AMPL staked in the Elastic
Vault.
2. The rebase status of AMPL.
3. The daily burn rate of EEFI.
4. How long AMPL has stayed in positive rebase. After 20 consecutive days (soon to be 15), without a positive rebase, EEFI minting pauses.
Token Distribution
AMPL Stakers: 55% of minted EEFI or purchased OHM.
EEFI/OHM Liquidity Providers: 35% of minted EEFI or purchased OHM.
Elastic Finance DAO Treasury: 10%.
EEFI Bonds
$EEFI can be purchased at a discount from the market price through the Elastic Protocol's bonding mechanism.
This helps the protocol grow its treasury and liquidity.
Bonds are sold in a reverse Dutch auction, where prices decline over time but have a price floor.
Bond buyers benefit from:
1. Discounted EEFI with a vesting period of 7-20 days.
2. No fees or price slippage compared to purchasing on DEXs.
3. Contribution to protocol-owned liquidity.
4. EEFI Token Supply Breakdown
$EEFI's estimated Max Supply:
170,000 tokens.
Distribution:
Liquidity Fundraiser (Seed and IBO): 28%
Team and Advisors: 21%
Partner Program: 2%
Elastic Finance DAO Treasury: 26% (used for liquidity, growth assets, development, rewards, etc.)
Growth Assets 👀
The Elastic Protocol intends to acquire and hold growth assets that generate yield.
Fees from these assets are used to buy and burn
$EEFI continuously.
Some examples include:
👇
Revenue Assets:
$GMX,
$HMX.
Yield-Bearing Assets:
$USDC,
$sDAI,
$USDe,
$LSTs.
Real Yield-Bearing Assets:
$PENDLE.
Rebase-Bearing Assets:
$AMPL,
$OHM.
AMPL & OHM Utilities:
AMPL🤔?
Original Rebasing Asset.
The first rebasing token in DeFi, operating for over four years 👀
Market-Resilient: AMPL has weathered numerous market cycles, making it a highly secure elastic asset 😤
OHM 💎?
Liquidity:
OHM plays a central role in the Elastic Protocol's liquidity mechanisms.
Yield Opportunities: Part of the growing EconOHMy ecosystem, creating future native yield opportunities.
Decentralization: OHM is increasingly decentralized, serving as an alternative to stablecoins.
DAO Governance and Mission
The Elastic Finance DAO governs the Elastic Protocol, focusing on decentralized assets and yield strategies.
The DAO’s mission is to:
Build robust yield strategies that work in all market conditions, and explore novel yield opportunities beyond stablecoins🫡
@EefiFinance = BILLIONS 🔥