The Power of Lending via Elephant Money's TRUNK Coin on Solend
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- Опубликовано: 25 июл 2024
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🚀 Discover the transformative power of decentralized lending! 🚀
Hi everyone! I'm Shankar, and I've recently explored the fascinating world of becoming a lender through the Elephant Money decentralized banking ecosystem. Imagine converting your hard-earned US dollars into a stablecoin like USDC, putting them into a lending pool, and earning impressive interest rates. Instead of having your money lose value sitting in a traditional bank being eroded by inflation, you can make it work harder for you!
By participating in the Elephant Money lending pool, I've seen first-hand how you can earn between 102-200% APR, compared to the meager returns from traditional finance. What's even better? This process is permissionless and trustless-all managed by reliable technology on the blockchain.
Within just three weeks, our USDC and trunk lending pool has attracted over $20 million! This incredible progress underscores the potential of DeFi and why it's worth your attention.
Take a step today: convert your USD into USDC, lend it out, and watch your returns grow. To stay updated with the latest insights on crypto and DeFi, join my newsletter.
00:00 Shankar discusses becoming a powerful lender.
05:15 Collateral for safe lending with crypto token.
09:43 Comparing future values and potential for growth.
12:59 Elephant Money benefits from funding and voting.
17:00 Summary: Recent legislation passed, significant growth in assets.
20:20 Trunk token's potential for growth and utility.
24:16 Trunk investment grows safely over time.
25:28 Explain business perspective, trust in financial systems. 
Развлечения
Great analysis! Elephant Money's TRUNK Coin seems poised for success in the lending market
100%
@@SHANKX good work
Amazing video and support for cryptopreneurs 🎉
Much appreciated!
Excellent work, friend. Substantial and helpful about the progress, potency, and potentiality of the Trunk/USDC pool on Solend. You provided proper perspective and comparison with EM Futures. You provided great lending basics.
Thank you that is much appreciated. I loved your contributions to the X space today.
@@SHANKX You are welcome. Thank you, Shankar!
Excellent
Shankar you made a big error in your title TRUNK is not a stable coin lol but it is a superior store of value asset!
It's its official name but I can see how it's misleading. In the past, it used to be a stablecoin - fyi. I'll remove it from the title. Thanks. See: www.livecoinwatch.com/price/ElephantMoneyStable-TRUNK
You need to do a little more research into how banks really work. There is no money. There is only credits and debits. You create the credits, your signature creates the credits.
Thanks for clarifying that for all of us! Can you point me to a video of yours diving deeper into the topic!
You're 1000% Correct! Federal Reserve, there's Nothing Federal about it. Lol, they create Credit/ Debit out of thin air 😅
@@SHANKX go watch Yusefel on RUclips he at least comprehends how the credit debit system works.
Banks don't lend out your deposits, because you deposit debt notes. A debt plus a debt will never equal a credit. The banks use your authorized signature to create "money". Get out a magnifying glass and read the micro text (you think is a line) on your checks that you sign on. What does it say?