> 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/peg-adjusted-apr-par.md).

# Peg-Adjusted APR (PAR)

Stampede Perpetual Bonds and Elephant Eth Money Farms use a variable peg adjusted reward rate. 

When TRUNK is at peg (1 TRUNK = 1 DAI) the daily reward rate is 0.5%.

If TRUNK is below the peg, the daily reward rate is adjusted down proportionately.

Max Daily Rate (0.5) \* Peg = Current Daily Rewards Rate

The rate earned in Farms is based on two factors the farm multiplier and the current peg. When TRUNK is pegged (1:1 DAI) the full reward rate is distributed.

If TRUNK is below the peg then the reward APR scales down proportionately.

Each pool will have a multiplier set between 1x-10x, which translates to a dynamic 10.25% — 125% respectively.

Peg \* Multiplier \* 0.125 = Current Rewards APR

Coming Soon