> For the complete documentation index, see [llms.txt](https://elephanteth.gitbook.io/elephant.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://elephanteth.gitbook.io/elephant.money/elephant-money-stable-trunk.md).

# Elephant Money Stable (TRUNK)

<figure><img src="/files/bpjIuwFygPlqkRI1xUqo" alt=""><figcaption></figcaption></figure>

The ElephantETH.Money Network’s over-collateralized stablecoin (ERC-20) on the Ethereum Network that captures value by having a growing asset treasury that manages a redemption queue for $1 USD equivalent and can be deposited into farms or bonded to earn high yield.

TRUNK’s deep liquidity is backed by a TRUNK/DAI LP pair on Uniswap, which ensures that TRUNK can be used as a liquid medium of exchange regardless of funding budget within the redemption pool. In addition to being able to lock in your crypto gains, TRUNK allows participants to compound their earnings by depositing into farms or bonding their TRUNK to earn passive rewards (variable rate APR).

TRUNK also benefits holders of ELEPHANT, as 100% of the DAI used to mint TRUNK is sent to the DAI treasury. The DAI treasury funds are used to buy back ELEPHANTETH, meaning that the underlying collateral supporting TRUNK hardens over time as the ElephantETH.Money ecosystem grows.

## **$TRUNK Yield Opportunities**

<table><thead><tr><th width="204">Action</th><th width="245.33333333333331">Product</th><th>Liquid</th></tr></thead><tbody><tr><td>Deposit $TRUNK</td><td>Elephant ETH Money Farms</td><td>Yes, claim full balance at anytime</td></tr><tr><td>Bond $TRUNK</td><td>Stampede Bonds</td><td>No, 0.50% daily unlocked</td></tr><tr><td>Mint $TRUMPET with $TRUNK</td><td>$TRUMPET</td><td>Yes, Redeem TRUMPET at anytime</td></tr></tbody></table>