2022–03–22 Tomb Tuesday Update 28
Happy Tomb Tuesday, my fellow Tomb Raiders!
Our peg is climbing steadily and holding strong. Over the past week, we’ve gone from averaging a 0.94 to 0.95 peg to now holding a steady 0.97 to 0.98 peg. This is due in large part to the growing success of TombSwap, new LPs within TombSwap, and our team’s continued focus on building.
This steady and strong pace of growth with Tomb’s peg is healthier and more sustainable as we manage this fragile and volatile market while remaining focused on building and improving.
As shown in the chart below, Tomb has been battle-tested, withstands volatility, and remains strong and within the “zen zone” near or just above peg — even during negative events of the recent past.
This stability is a testament to Tomb’s protocol, the bottom-line results delivered, continued improvement of our protocol and new innovations, the talent and work ethic of our team, and most importantly, the strength of our community.
Now on to #TombTuesday updates and answers to what matters most to you:
As a friendly reminder, here’s some clarification on timelines since crypto moves so quickly:
Super Short-term — Days, Weeks < 1 month
Short-term — 1 to 2 months
Mid-term- 3 to 6 months
Long-term — 6 months +
TOMBSWAP UPDATES
TOMB-FTM paired on TombSwap will soon be incentivized with its own staking pool in the Cemetery. We are excited about this for numerous reasons as one of the major benefits is that it will help Tomb’s peg and liquidity by pairing TOMB-FTM on TombSwap. More details are coming as we run through some more tests before going live.
For the TSHARE-MAI-LP staking in the Cemetery, our team is wrapping up further testing on this LP and it will go live for staking on the Cemetery shortly. Per last week’s #TombTuesday, here is why TOMB-MAI LP and TSHARE-MAI LP are so great for Tomb’s peg, liquidity, and stability: https://tombfinance.medium.com/2022-03-15-tomb-tuesday-update-26-7d9ff2ad0fb6.
Limit Orders on TombSwap will go live shortly along with other bug fixes as well. I am extremely excited about this feature since it allows for deeper liquidity and better trading for pairs on Tomb Swap!You may demo here as you wait: https://beta.swap.tomb.com/#/swap
Lastly, Tomb Finance’s info page is now live. Visit https://info.swap.tomb.com/home to utilize.
REMINDER ON PEG
There’s a right way and a wrong way to buy and sell TOMB. The following graphic illustrates the way to do so that will cause the least harm to, and greatest benefit for, the peg. We all want Tomb to print 24/7, but it’s up to YOU, the community, to do your part to make this happen.
TOMB.FINANCE UPDATE
For users of our legacy website, we want you to be aware that tomb.finance will now be grave.tomb.com. In the coming weeks, tomb.finance will redirect to tomb.com. It is time for the full transition and we apologize for any inconvenience. Tomb.com has all the latest features and functions that are needed for our Tomb community and we must ensure everyone has equal access.
FELIX UPDATE
Per last week’s update, Felix is making significant progress and we’re expecting our exchange to be launched by the end of Q2 2022. We will continue to provide more updates as we get closer to launch.
We would also like to thank you all for your input on what other assets you would like to see listed on Felix in addition to Tomb Finance ($TOMB) and our ecosystem projects ($FANTY, $LIF3, $QI, and $MAI). We’ve had over 28,000 respondents — in just a week!
Top five thus far:
- SpookySwap $BOO: 21,126 (74.8%)
- Cryptokek.com $KEK: 4,108 (14.5%)
- Beethoven X $BEETS: 1,329 (4.7%)
- SpiritSwap $SPIRIT: 815 (2.9%)
- Spartacus DAO $SPA: 479 (1.7%)
The community has been so active in responding to this poll that we’ve decided to leave it open for a while longer. Let your voice be heard: https://forms.gle/8S5kM92mFfcVNbk16
TOMB + BASED
Our partnership continues to thrive and we want to congratulate Based Finance on their success thus far. As per their latest #BasedFriday (https://medium.com/@basedfinance/based-finance-march-18th-2022-update-3-5ab3b7263ad8), there is a lot to be excited for. More updates are coming soon.
Let’s remain calm. Patience will be rewarded.
Happy #TombTuesday!
KEEP CALM AND TOMB ON!
