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TOMB - Tomb Token
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TOMB token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain Tomb's peg to 1 Fantom (FTM) token in the long run.
Note that TOMB actively pegs via the algorithm, it does not mean it will be valued at 1 FTM all times as it is not collaterized . TOMB is not to be confused for a crypto or fiat-backed stablecoin.
TSHARE - Tomb Shares
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TOMB Shares (TSHARE) are one of the ways to measure the value of the TOMB Protocol and shareholder trust in its ability to maintain TOMB close to peg. During epoch expansions the protocol mints TOMB and distributes it proportionally to all TSHARE holders who have staked their tokens in the Masonry (boardroom).
TSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Tomb finance ecosystem.
TSHARE has a maximum total supply of 70000 tokens distributed as follows:
- 1.DAO Allocation: 5500 TSHARE vested linearly 12 months
- 2.Team Allocation: 5000 TSHARE vested linearly over 12 months
- 3.Remaining 59500 TSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months
TBOND - Tomb Bonds
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TOMB Bonds (TBOND) main job is to help incentivize changes in TOMB supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of TOMB falls below 1 FTM, TBONDs are issued and can be bought with TOMB at the current price. Exchanging TOMB for TBOND burns TOMB tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 FTM. These TBOND can be redeemed for TOMB when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for TOMB when it is above peg, helping to push it back toward 1 FTM.
Contrary to early algorithmic protocols, TBONDs do not have expiration dates.
All holders are able to redeem their TBOND for TOMB tokens as long as the Treasury has a positive TOMB balance, which typically happens when the protocol is in epoch expansion periods.
Last modified 11mo ago
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