EeFi Finance (E,E)

Flatcoins will soon replace stablecoins. The $SPOT Rotation Vault V2 marks the start of this takeover and it went live today! This is a GAME CHANGER for $AMPL and crypto. Here's why it's such a big deal. 🧵 ↓

🔐 ELASTIC VAULT MEGA THREAD 🔐 In celebration of completing IBO Rounds 1 and 2 ($350k + raised), we continue our Mega Thread series with an introduction to our pioneering yield strategy, the Elastic Vault. It’s time to take a deep dive! 👀 Last thread we learned that $EEFI and the establishment of (E,E) Game Theory is produced through the set of Smart Contracts that make up the Elastic Vault yield strategy: This thread we will discuss: ✅What that Elastic Vault is ✅How it works ✅How it becomes its own sustainable protocol (sub-vaults) Let’s get started! 🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦 😇 In The Beginning…😇 The Elastic Vault is the flagship hedging strategy of the Elastic Protocol. All of the attributes that make us different and give us a competitive advantage can be found in this one yield strategy. It is also the primary way $EEFI is MINTED | DISTRIBUTED | BOUGHT/BURNED and the main set of Smart Contracts that establishes and incentivizes (E,E) Game Theory. 🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦 When it comes to tokens, the Vault utilizes both iconic OG Rebase tokens, $AMPL and $OHM. They are used as starting points ONLY. One as the first deposit-enabled token ($AMPL). The other as an Extra Rewards token given to depositors to earn further yield during uptrends ($OHM). The Vault also mints and utilizes its own token ($EEFI) in conjunction with the two 🤗 Now let’s break down how these tokens actually work together 🧐 Remember the Vault initially utilizes $AMPL | $OHM. And its own token, $EEFI. Given this, anyone can:   Deposit $AMPL and: ✅During Downtrends: Receive $EEFI “yield” rewards minted ✅During Uptrends: Receive daily $EEFI Buy Backs & Burns + $OHM “yield” rewards ✅Mandatory 90-Day lockup on deposits so above functions work optimally… but deposits can stay as long as they want after 👀 🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦 It’s the “Interest” The main fuel for the above activity is the first deposit-enabled token $AMPL and its novel “Interest” function, aka Positive Rebases. It’s not TECHNICALLY or ACTUALLY Interest or Yield but it sure does look like it! Vault activities are determined by this “Interest” function and it has two important states: [Positive Rebase | Negative Rebase]. ➕➕➕➕➕➕➕➕➕➕➕➕➕ [Positive Rebase]: $AMPL’s supply generally expands (aka Positively Rebases) in market uptrends. So when $AMPL’s supply is expanding (aka “earning Interest”), $EEFI is automatically purchased and burned daily using this “Interest” earned on deposits. This causes the leverage effect and is reflected in $EEFI’s value. $OHM is also purchased with this “Interest” and distributed to earn Real Yield (there are now direct $OHM deposit vaults on the market). Remember, this is the basis of (E,E). ➖➖➖➖➖➖➖➖➖➖➖➖➖ [Negative Rebase]: When $AMPL supply is stable or contracting (aka not “earning Interest”), $EEFI is minted to depositors. But why during downtrends? Seems counterintuitive. Trust that it’s not. The Vault’s automated decentralized leverage effect described above in Positive Rebase (and APY upside potential) is what naturally incentivizes the free market of participants to acquire the token during downtrends. This is primarily in anticipation of the next uptrend. One can look at this downtrend $EEFI-acquiring activity as a strategic “trade bet” to the upside or a quasi-call option on $EEFI In fact, (E,E) uptrend potential makes the $EEFI token a target for acquisition in any market. It’s just especially pronounced during downtrends. 🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦🏦 👀 More Rebase-Enabled Tokens 👀 $AMPLs pioneering rebase states [Positive Rebase | Negative Rebase] are used to define uptrends and downtrends. These states can now be added to any erc20 token and henceforth those rebase-enabled tokens can be added to this strategy (subject to governance). This can either be directly on the Elastic Vault through governance or through the creation of sub-vaults.

Deposits go in today, tomorrow, and Friday. We are looking to make around $1500-$5000 per day with our initial deposits. This is well above our “for every $1 Million in Growth Assets make at least $1000 per day” to buy and burn $EEFI Some Buys and Burns from Growth Assets will happen weekly and some monthly. Remember: Slowly at First, then all at once…