TShare Update

Tomb Shares at the time of last article were valued at $6944 and now the value stands at $8124 and climbing. An increase of nearly 17%, and that is just the price appreciation of Tshare- soon primed for a breakout. But price appreciation is just an auxiliary benefit; the true benefit of holding and staking Tshare in the Masonry is that you are rewarded with Tomb tokens. As Tomb is pegged to Fantom, whenever the price of Tomb rises above Fantom- an expansion phase- more tokens are printed to bring the value of Tomb down to match the level of Fantom, this is called a positive token rebase. A simple supply demand adjustment. The opposite is true when Tomb is priced below Fantom; users are allowed to purchase Tbonds which burn Tomb tokens turning it into a deflationary asset and pushing the price up back towards the peg.

If the TWAP is above 1.01 more tokens are printed. The debt phase has closed and thus the APR has tripled and gone from 400% to 1175.61%. And the printer is on, tomb tokens are being printed every epoch (six hours.) Tomb Finance is currently yielding 3.2% daily return. And when the masonry starts to print, the price of Tshare rockets as everyone wants to buy this fantastic asset. Better still the price of Fantom $1.93 (at the time of writing) is depressing the value of Tshare and when Fantom has another breakout Tomb will follow. So, I hope everyone is lending their Tomb on Tarot for a further 80% APR on free tokens. In the coming weeks on TombSwap more LP tokens will be introduced, another reason to hold onto your Tomb.

I am incredibly bullish on the whole Tomb ecosystem and believe Tombfinance is one of the true gems of Defi. Right now the printer goes BRRR and it is a brilliant, and profitable time, to be part of this project. Sail true Degens.

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