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WELEPHANT - Frequently Asked Questions

General

What is WELEPHANT?

WELEPHANT (Wrapped ELEPHANT) is a community token on BNB Chain, backed by locked liquidity from Elephant Money. It's a wrapped version of ELEPHANT that can be bridged between BNB Chain and Base, staked for compounding yield, and swapped directly in the app.

Where does the yield come from?

The WELEPHANT protocol operates an autonomous on-chain revenue engine on BNB Chain. The fees it generates are used to buy WELEPHANT from the open market, and a fixed share of every buyback flows to the staking vault. This means constant buy pressure on the token and a recurring yield stream for stakers — all of it verifiable on-chain.

How do I get WELEPHANT?

  1. Swap: Exchange BNB for WELEPHANT on the Swap page
  2. DEXs: Trade on PancakeSwap (BNB Chain) or Aerodrome (Base)
  3. fomo: The premier venue to buy and hold WELEPHANT on BNB Chain — fomo.family
  4. Bridge: Bridge from Base if you have WELEPHANT there

What can I do with WELEPHANT?

What is the swap fee?

The swap contract charges a 0.25% fee on all swaps. These fees are automatically forwarded to the Staking Vault to boost staker yields.

Staking

How does staking work?

Deposit WELEPHANT into the Staking Vault to receive stWELEPHANT share tokens. As the vault receives yield from protocol fees and swap fees, your shares become worth more WELEPHANT over time.

What yields does the Staking Vault receive?

Is staking safe?

The Staking Vault is:

How do I stake/unstake?

  1. Stake: Approve WELEPHANT, then deposit on the Stake page
  2. Unstake: Withdraw to receive your WELEPHANT plus earned yield

Fees

Can the admin change the fees?

No. Fee percentages are immutable constants in the smart contracts. They cannot be changed by anyone, including admins.

What gas fees should I expect?

Security

Is my money safe?

The contracts are designed to be rug-proof:

Are the contracts renounced?

ELEPHANT, WELEPHANT, and stWELEPHANT are fully permissionless assets. The swap contract (WelephantSwap) and staking vault (StakingVault) have zero admin functions — no owner, no access control, no kill switch. Once these tokens hit your wallet, they are sovereign. No one can freeze, seize, or block them. These contracts are immutable and will operate identically whether the team exists or not.

The protocol's on-chain revenue engine retains operational controls behind a multisig — these controls cannot touch your assets.

For the full technical breakdown, see the Architecture doc and Audit Report.

Has the code been audited?

Yes, the contracts have undergone security review. All identified issues have been fixed. See the Audit Report for details.

What if a swap fails?

The system uses an async swap architecture with try/catch safety. If a swap fails:

Bridging

Can I bridge WELEPHANT between chains?

Yes, WELEPHANT can be bridged between BNB Chain and Base using the Wormhole bridge.

How long does bridging take?

Bridging typically completes within 5-15 minutes depending on network conditions.

Are there bridging fees?

Wormhole charges a small fee (usually < $1) for bridge transactions.

Wallets

What wallets are supported?

Any Web3 wallet works:

Troubleshooting

My transaction is stuck

Try increasing the gas price or waiting for network congestion to clear. You can also try canceling and resubmitting with higher gas.

Swap failed or got less than expected

Swaps use slippage protection. If price moved significantly during your transaction, it may have failed. Try again with a higher slippage tolerance or smaller amount.

Support

Where can I get help?

How can I report a bug?

Open an issue on GitHub with: