01–31–2023 — Tomb | Lif3 Tuesday: Update 73
My fellow Tomb Raiders, Happy Tomb | Lif3 Tuesday
One week in Miami, 16 hrs to get to Miami, and another 15 to get back to UAE, we bring you another weekly update! Quantum Miami is officially over, and it’s time to head back to the lab and focus on building. We launched the Fountain on Fantom yesterday, and I’ve already seen some movement between Fountains as well as some price action and volatility within our ecosystem tokens. I have been reading on Telegram and Discord, and there seem to be some questions that need answers. I’ll do my best to address those here. Let’s get into it.
Since we are past the bottom (possibly) Price Targets for the Next Bull Run!
LIF3 | Tomb
1 LSHARE & TSHARE => 1 YFI
1 LIF3 & TOMB => 1 FTM
Timelines:
- Super-Short-Term: Days, Weeks, < 1 Month
- Short-Term: 1 to 2 Months
- Mid-Term: 3 to 6 Months
- Long-Term: 6 Months +
Quantum Miami Recap:
Before I even begin the recap, I want to express my gratitude to all of those who attended, be it virtual or in person, for everyone at the Fantom FDN for all their love and support, for everyone on the Quantum Events team that was able to make it a reality and for all of those on the team that was able to make it down to Miami and work the event. Events like these are so special, and they could not happen without everyone’s support.
Day one kicked off with the Mayor of Miami, Francis Suarez, and continued to deliver hit after hit with too many to list individually. The day ended with an Enjoy Lif3 afterparty with Sounds by JOOLIA down on the River Walk.
Day two was a long day that got kicked off with DJ Radamas opening for a 9-piece Montalvo brass band, ETH Miami kicking off their community hour at the Tech Hub, and Ripple taking the stage for a fireside chat. There were another 20+ panels that spoke throughout the day ranging from topics like security, mortgages, self-custody, and legal practices. We also heard from Andre Cronje and Michael Kong from Fantom. When the talks were done, the afterparty began. Thursday Night played host to “Havana Nights”, a networking reception with Grammy Award-winning artist Tomasito Cruz.
Day three was the final day, and it began with the sweet sounds of Juju, which was followed by another long list of panelists. We went from DAO-owned sports teams to space, to NFTs to Pierre Gasly from the track. The day was packed with panelists and topics for everyone. I gave my presentation towards the end of Day three. My presentation was about Lif3.
This is where I believe some confusion came in. My presentation was specifically about Lif3, not the entire ecosystem, including Tomb, ONLY, Felix, etc. I have discussed Tomb at great length before, and this was an opportunity to focus on what Lif3 is and take the opportunity to unveil some never before announced pieces of the protocol, like tokenomics and LSHARE emission schedules. $TOMB and $TSHARE are not forgotten about, and they will have their time to shine, but they are more designed for the Bull Market. The reality is that we printed a lot of $TOMB, and the dynamics of locking FTM for security have changed. Therefore, the market does not need to print more $TOMB at the moment, and when it needs to, it will.
During my Lif3 Talk, we opened the doors to our new Lif3 Discord. This was done for several reasons, and it will help keep things clean and organized as we continue to grow. Feel free to stop in and say hi whenever you get a chance.
Discord Invite Link: https://discord.gg/lif3
The Fountain on Fantom:
Yesterday, the Tomb | Lif3 team launched the Fountain on Fantom. The balancing of APRs has begun as some people are shifting $LSHARE off of Tomb Chain and onto Fantom. As $LSHARE gets unstaked from Tomb Chain, the APY will increase. Conversely, as more $LSHARE gets staked on Fantom, the lower the APY will become. With this, game theory is born, and from that, an opportunity is in your hands. Two chains down and two more to go. Polygon and BNB next.
The Terrace is Coming to BNB:
The Terrace is the more advanced half of Lif3, so it made sense to wait a little while before releasing this on other chains. I am looking to get the Terrace live on BNB later this week. The Terrace shines as a lending and borrowing platform. Now, with increased exposure to other chains, I look forward to seeing how users take advantage of the potential strategies the Terrace offers.
$LIF3 on Felix:
If you aren’t aware by now, let me reiterate that I make decisions based on data and analysis, and I always make decisions for the betterment of our ecosystem as a whole. After 7 months of data, it was clear users would benefit more using the $LIF3 token for VIP rewards on Felix than $TOMB. We have seen organic growth in demand for $LIF3 and the associated trading pairs. This is clear given the trading volume for both tokens and the number of users who were using $TOMB for VIP levels. This is a positive change that will help more users save on trading fees.
Get PAID in $TOMB and $L3USD:
The Request Network has officially added Tomb Chain to its protocol with payment detection. This means that users of Request Finance can now get paid in $TOMB or $L3USD. This is yet another way to increase exposure and utility for $TOMB and $L3USD. Request is an all-in-one finance solution for Web3 businesses that include payroll, expenses, and invoicing. Request is already used by over 2,000 Web3 businesses every day. Anyone can use Request to get paid in $TOMB or $L3USD for free just by signing in and creating a Request.
Lif3 Wallet:
We are as close as we can be to launching the initial version of our Lif3 Wallet. Everything has been submitted, and we are waiting on approval. These things are generally quick, but when it comes to Crypto related Apps, they tend to take much longer than most. Stay tuned. As soon as it is approved, you will be informed. With the power of Ramp, we will all be able to purchase certain crypto with our credit cards. Specific tokens that can be purchased will be released at a later time and can be updated further down the road.
Lif3 Trade Derivatives:
I am looking forward to launching our derivatives platform, Lif3 Trade! I am extremely excited about this product, and I can’t wait to get it into everyone’s hands soon. This product will grow over time as more and more features get added, and user feedback comes down the pipe. For now, I want to get the basics in place and fully ironed out before we start adding various upgrades. Lif3 Trade has entered internal Beta testing, and the feedback so far has been very encouraging.
Airdrops Updates:
Airdrops are moving up in priority. Your patience is always appreciated. The infrastructure needed to be in place before we could ever launch the airdrops, however, during that time, the market became extremely unfavorable, and the conditions to launch were the worst they could have ever been. Please trust that I always have everyone’s best intentions in mind, and issuing airdrops during the peak of the Bear Market is, simply put a guaranteed failure. This has been proven many times over. Although the market is not quite where I would like it, if the trend continues, then the focus and priorities will shift right alongside it. All the heavy lifting has already been done, it’s just a matter of a few variables that need to be sorted out. It would be great to utilize Tomb Chain for deployment… stay tuned.
Development Updates:
2023 will bring many exciting products to our Tomb | Lif3 family. We currently have in the audit process both the Vaults and the Lending portion of $L3USD. Lif3 Trade, our DeFi Derivatives platform, is currently in our internal beta testing phase. As these products reach meaningful milestones, they will be updated here in the Tomb Tuesday.
Ongoing — Alpha — Pre-Beta:
There is a lot more happening behind the scenes, and these are all in various stages of development or planning. FANTY & TBONE, Airdrops, Masonry V2, DeFi Derivatives, ONLY, Lif3 Chain, and more.
Happy #TombTuesday
KEEP CALM, TOMB ON, AND ENJOY LIF3!
