Tomb
Crypto Overview
Overview
Tomb Finance is an algorithmic token pegged to FTM (Fantom) on the Fantom Opera network. The protocol uses seigniorage mechanics to maintain this peg through a combination of TOMB (the token), TSHARE (governance token), and TBOND (stability mechanism).
Purpose and Utility
The stated purpose of TOMB is to serve as a tool for liquidity expansion on the Fantom network, acting as a synthetic version of FTM. The token aims to help scale the Fantom ecosystem by providing additional FTM-pegged liquidity. The actual usage largely aligns with this intended purpose, with TOMB being actively used in DeFi protocols on Fantom.
Business Model and Operations
The protocol generates value through its algorithmic peg mechanism and ecosystem of DeFi products. The core operations involve maintaining the TOMB-FTM peg through market operations and providing yield opportunities to users who participate in the ecosystem. The protocol includes staking, liquidity provision, and governance mechanisms.
Development and Adoption
Tomb Finance has maintained active development and has achieved significant adoption within the Fantom ecosystem. The protocol has multiple functioning products and maintains partnerships with other Fantom-based protocols. On-chain data shows consistent usage of the protocol's features.
Token Distribution
The token distribution appears reasonably decentralized, with no excessive concentration among founders or early investors. The project implemented vesting schedules for team allocations, suggesting a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in Tomb from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Tomb.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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