CivicSense

Elastians: It is time. The final component for the (E,E) Flywheel, the pioneering Elastic Vault, has been successfully launched! To begin, the Elastic Treasury has deposited 250k $AMPL into the Vault. Over time, this position will scale to 1.5 Million AMPLs as soon as we deem it safe based on its beta testing in the wild. Our audit passed with flying colors from @Omniscia_sec but this process is still necessary for the safety of all future depositors. Be patient. ➕➕➕➕➕➕➕➕➕➕➕➕➕➕➕ In addition to the launch of the Elastic Vault we will be launching our $AMPL Buying program via $EEFI Bonding. This means a majority of EEFI Bonding proceeds will go to purchasing $AMPL as our main Growth Asset. This program will begin with the Treasury purchasing about $250k of AMPL. As more Bonds are sold the buying will ramp up until we hit $5 Million worth of purchases. The AMPL Buying program will continue  over the next 3-5 months. To begin, we will use a Dollar Cost Average approach to acquiring $AMPL with EEFI Bonding until Bitcoin recovers to the upside. Our Bonding program has been wildly successful so far raising around $500k on a Bitcoin dip. Bond proceeds have been used to thicken $EEFI | $wETH liquidity and devote Treasury resources to acquiring Growth Assets.  More than 100 $EEFI has been burned with the yields from those assets in a short amount of time. But there isn’t a Growth Asset’s earnings right now that can compare to “yields” earned daily from Positive Rebases on $AMPL (in the 1%-7% range DAILY). ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ Therefore with the launch of the Elastic Vault a majority of EEFI Bonding proceeds will go to buying and depositing $AMPL for the Elastic Vault. The viral nature of these two flywheel components working together on $AMPL | $SPOT should speak for itself. But, in simple terms,  the more AMPL bought and deposited into the Elastic Vault the more EEFI can be bought in larger quantities and burned. The AMPL buying program also strengthens AMPL as an asset, allowing it to scale faster, which is helpful for $SPOT and the growing elastic finance ecosystem. ➕➕➕➕➕➕➕➕➕➕➕➕➕➕➕ The activities associated with the Elastic Vault + EEFI Bonding for $AMPL are the basis of EeFi Summer 2024 campaign to come and the wider promotion of the project into mainstream status. For the time being, understand the market is still finding its footing. During this time of uncertainty it is important for everyone to remain patient. With the Elastic Vault now launched the market will come to us Elastians. IT WILL COME.  Finally it’s important to note, Third party deposits (you) have NOT been enabled via the app UI. We have disabled third-party Elastic Vault deposits during the beta phase for security purposes. Once the beta phase of the Elastic Vault is over, third-party deposits including adding OHM | EEFI LP tokens for liquidity rewards will be enabled. This will be announced.