Thread by @tombfinance

𝕋𝕠𝕞𝕓 𝕋𝕦𝕖𝕤𝕕𝕒𝕪 𝔸𝕟𝕟𝕠𝕦𝕟𝕔𝕖𝕞𝕖𝕟𝕥:

As of writing here we are now officially #4 TVL Project on Fantom! Just behind Anyswap, Geist, & Spooky! At one point today Tomb was Over 800M TVL & growing, thanks to all for the support. Almost 100% growth in TVL in 7 days!

𝔸𝕦𝕥𝕠𝕔𝕠𝕞𝕡𝕠𝕦𝕟𝕕𝕖𝕣𝕤:

Make sure you have some of your portfolio for $TOMB $FTM $TSHARE on grim.finance and reaper.farm

Get those High APYs! @financegrim @Reaper_Farm

New Protocol launching soon on Fantom in partnership with Tomb.finance!
Our teams are developing a reserve currency called LIFE. The LIFE protocol will be similar to Olympus or Wonderland...

and will provide additional utility for $TOMB while also allowing the LIFE DAO to own its own liquidity and to build out its treasury.

How it works
1) Users will be able to trade specific LPs for discounted LIFE tokens
2) These LIFE tokens will be vested over a period of time while earning interest
3) Once the vesting period is over the users can stake their LIFE for high yields

The LPs we would start with will likely include the following assets: LIFE, $TOMB, $FTM, and $MAI

How LIFE helps $TOMB
1) Protocoled owned liquidity vs renting liquidity. LIFE will own a lot of $$TOMB liquidity. This liquidity will be protocol owned and remain long term without Tomb having to provide incentives for it.
2) It generates use cases for $TOMB

3) Move liquidity where we need it. By owning the liquidity we can move the liquidity to where it will be most useful for $TOMB. This will help us on our path to a Chainlink oracle for $TOMB.

$TOMB 𝕒𝕤 𝕔𝕠𝕝𝕝𝕒𝕥𝕖𝕣𝕒𝕝:

End of this week or next, $TOMB should be added to the lending protocol Market.xyz. $TOMB holders can borrow a stablecoin $MAI against their $TOMB. This means you can use the value of your $TOMB w/o selling it & losing exposure to it

𝕎𝕠𝕣𝕜𝕚𝕟𝕘 𝕥𝕠 𝕘𝕖𝕥 𝕒 ℂ𝕙𝕒𝕚𝕟𝕝𝕚𝕟𝕜 𝕠𝕣𝕒𝕔𝕝𝕖:
These 2 weeks we will seed a few million in TOMB-MAI liquidity to DEXs on Polygon and Avalanche. Having liquidity on multiple DEXs including ones cross-chain will help towards getting $TOMB a Chainlink price feed.

As LIFE builds up protocol owned liquidity, we can move liquidity to where it will be most helpful for the Chainlink oracle. Once $TOMB receives a Chainlink oracle, we will be able to generate more use cases such as using TOMB-FTM LPs or interest bearing $TOMB as collateral

To aid in providing the liquidity cross-chain, QiDao will be voting on setting up partner vaults for Tomb finance. These vaults will have higher debt ceilings allowing us to mint $MAI from $FTM at 0% interest to help seed the TOMB-MAI LP.

By minting $MAI through vaults we will not have to sell $FTM for the liquidity pairs, removing sell pressure on $FTM.

The combination of DeFi 2.0 and Cross-chain will help get $TOMB a Chainlink oracle.

𝕍𝕒𝕝𝕚𝕕𝕒𝕥𝕠𝕣 ℕ𝕠𝕕𝕖:

In case you didn't know already - stake your Fantom and Lock on Node 82, this is the Tomb Validator Node to help secure the Fantom Network!

𝔽𝕋𝕄ℙ𝕒𝕕:
We will be launching a separate Trading UTILITY token for the exchange with a “Cat” theme on FTMPad. You will need to use $TOMB to participate in this token. More details as this becomes available.

LIFE will also be launched on FTMPad more details later!