TombSwap Has Arrived!

What is TombSwap?

TombSwap is a new product by Tomb Finance that will increase liquidity and provide additional and enhanced yield farming opportunities for Fantom. You will now be able to do staking and farming from within the Tomb Finance ecosystem (especially with TombSwap’s unique LPs) which enables fees to be kept within the ecosystem for the benefit of our community. This will deliver an enhanced user experience with less probability of error or lack of liquidity. Please note that this does not replace SpookySwap and we encourage use of their platform as well.

As a reminder, Tomb rewards will be calculated from the TWAP (time-weighted average price) at the end of an epoch. The TWAP will define Tomb as being in a contractionary, zen, or expansionary epoch as shown:

We all want money printers to go BRRR all of the time, but this is neither realistic nor feasible. The peg must be maintained by any reasonable means, which means influencing the sell and buy pressures on both TOMB and FTM. TombSwap will play a key role in mitigating volatility, increasing liquidity, and making printers go BRRR as often — and as sustainably — as possible.

What will be the liquidity pairs?

First and foremost, the OG Tomb HODLers need to do nothing — your staking positions are secure as-is. Do whatever you’re currently doing — there’s no need to change anything.

With TombSwap, Tomb Finance will add TOMB/TSHARE LPs to the Cemetery which will earn more TSHARE when staked. This is in addition to TOMB/FTM and TSHARE/FTM LPs already in the Cemetery. Additionally, there are TOMB/MAI LPs that will allow users to swap for stablecoins. More LPs will be released in later updates.

Here are the current liquidity pools planned for TombSwap:

PLEASE NOTE: Over the next week or two, we will be adding more liquidity and driving incentives for others to do so as well. There may be liquidity issues over this next week or two, but it will not be an issue after this time period. We appreciate your patience in advance.

What will be the fees?

Trading fees on TombSwap will be 0.50% and will be distributed as follows:

How does this help Tomb Finance and TOMB holders/farmers/LPs?

A stable peg is a happy peg. The TombSwap structure is designed to reduce sell and buy pressures on the assets that have historically caused unwanted volatility of the peg. The expansion phase in particular merits attention, because Treasury funds must be available to pay off the debt accrued (TBONDs sold for TOMB burnt) during the contraction phase. Fee structure is shown as follows:

Right now, all rewards from creating the TOMB/TSHARE pairs go to swaps outside of the Tomb ecosystem. Before TombSwap, many people were dumping TOMB/FTM to get TSHAREs; with TombSwap, people will now be able to buy TOMB to bond with TSHARE to earn more TSHARE. The TSHAREs are what you actually want, since their value will only increase once emissions end in June 2022. TombSwap helps to remove sell pressure from TOMB and FTM, thus stabilizing the ecosystem and providing additional liquidity for LPs.

Visit swap.tomb.com to get started. Please note that this feature will only be on tomb.com and not our older site, tomb.finance, and tomb.finance and will soon be moved to legacy.tomb.com.

As always, for questions, please visit our official Telegram and Discord channels.