Major major clarification!! 3Omb / 3Share project was never documented anywhere as an Ohm-fork protocol project It was analogized in one of the AMA's Sorry for the confusion
*** Post is for entertainment purposes only!! Update to this, as I've been spending a lot of time on 2Omb Discord, and with so many bullish views and mentions of FTM, I've started building a bag of FTM again. NFA, of course, dyor TVL in the Fantom ecosystem is healthy and growing https://defillama.com/chains
Disclaimer first, I'm very new to Tomb protocol and forks so whatever info I provide may be incorrect, haha, please read the docs provided on the 2Omb discord resources or even the original Tomb docs 1. Yes, that's why the Tomb protocol is a great project if it can achieve a peg or near stable peg to FTM, can be used as liquidity token in lieu of FTM, i.e. in DeFi 2. Yea, defo a typo, meant TShares 3. You buy TBonds using Tomb when under peg, you can redeem TBonds for FTM when over peg 1.01, so bascially you bought FTM for a discount and in the process you burnt Tomb tokens There is no exchange, so Harry is promising a swap on the website, which did not work for me as I was stuck with some TBonds, maybe in the future it will work 4. Not really sure!! But somehow, every Tomb fork project out there goes under peg and could not recover, but 2Omb has been over peg for over 100 epochs!! With no billionaire investor and wealthy friends propping it All 2Omb has is a 16yo dev, but a couple of nights ago another dev became part of dev team The 2Omb community led by TheRisky and Mechoking and others have been the key to success of 2Omb and 3Omb 5. When Tomb is above peg, TShares are a money printing machine, remember this is a seiniorage project, brrr TShares are getting 777% APR if Tomb is above peg, payable in Tom rewards every 6 hours (epoch) 6. 2Omb single staking called Boardroom is the bread and butter of Tomb protocol. Every epoch you get paid in the native token. In Tomb, it's called Masonry So, in 2Omb, if you put $50,000 worth of 2Shares in the Boardroom, you get a little over 4% daily APR so ~$2,200 in 24 hours (4 epochs) 4% daily APR!! it was 7-8% 10 days ago, lol, so a week ago, you're beating the official US inflation rate in 1 day 3Shares is printing 7% daily APR right now in the 3Room, the equivalent of Masonry and Boardroom Reminder, Boardroom and 3Room (2Omb and 3Omb projects, respectively) have not gone under peg, so money printing in full force, unlike the papa Tomb or other Tomb forks The rewards can be sold as soon as you get them or compounded for extreme degenz The emission on 2Shares will stop in April so the hope is that it will become a scarce and valuable asset
1. Traders on the other side of the trade. I think all Tomb fork launches are like that, they start very high then crash but volatile and tradeable 2. POL = protocol owned liquidity 3. Tomb is completely separate project and team and very big and well financed with billionaire Harry Yeh and wealthy friends 2Omb and 3Omb are a fork of Tomb, both created by the same 16yo dev as improved versions of the Tomb project No financiers. No funding. No dev tax (except 2% on the sell side of 3Omb) This is probably why the project has been so successful, everything goes to the community and hodlers and number one rule and advise on Discord "Always take profits" Sell on the green and buy on the red, NFA 4. The dynamic of 3Omb to support 2Omb is not my expertise, but I read snips here and there, there's a treasury on 3Omb DAO, there's bonding mechanism where swapping 2Shares for 3Omb with a huge bonus benefits the 2Shares because those tokens are burnt, and stuff like that sorry, best to go to the official docs for more info 5. I switched from 2Omb/2Shares LP farming on 2Omb website to 3Shares/FTM LP farming on 3Omb website you might say I fomoed on the APY because somehow a daily APR of 5% is not good enough when I can get over 15% daily Of course with a higher risk of IL if 3Shares price goes down significantly from the time I purchased the LP still have my Boardroom 2Shares, never gonna let that go, that's long term play Harry probably watches these fork projects from the side and he may have some people look into them, I'd imagine he's quite surprised by the resilience of 2Omb (and 3Omb) as the only successful Tomb fork But the market cap is so tiny on both 2Omb and 3Omb that's pocket change to Harry If he does invest in 2Omb/3Omb, it will be because he wants to find out why it's kicking Tomb's ass It's because of the community which I'm not sure how it can be scaled to Tomb's size and stay successful It may very well be what Harry is attempting to do (build a successful community), with his at a minimum weekly updates for Tomb hodlers and supporters and team In the same way Dani and frog nation... and Axie and the community and Defi kingdom and the commuunity and so forth
Thanks for elaborating. I might be a little slow. What was the improvement that 2omb made over the design of Tomb? What is the innovation of 3omb to 2omb? If in the discord folks are being influenced not to purchase 3omb but to farm it, does this imply that those not in the discord who are purchasing 3omb at market are the greater fool? If it's just to offer emissions faster than it can be discounted, that's not sustainable. Just sounds like a perpetually forking "kick the can down the road" protocol. I'm not hating, just attempting greater clarification since I missed the whole Tomb development in FTM.
No worries, I answered on the 2nd reply that I'm not an expert, still very new to the Tomb protocol and fork ecosystem I think a major difference on 2Omb vs Tomb is the emission is 4x on 2Omb something On the advise not to purchase, should have clarified "in the beginning" It's because the circulating supply is very low on the 3Omb or any Tomb fork launch so buying the tokens means you're not pricing in the increase of the tokens as time goes by After a couple of weeks, then the price should be stable On the 2Omb Discord, there are many recorded AMA's and also in the #resources channel, there are docs and diagrams and stuff like that tbh, I never read any of them, I just learn as I go on the Discord chat NFA, my goal is to get full ROI on every single $ invested, after that, everything is house money and will compound half of the daily rewards. After 10 days and 15 hours (verified on the block explorer history), I've achieved over 80% ROI at the end of the day, this is defi degen not "investment". I plan to bag hold 2Shares indefinitely, but as house money Can't be married to defi degen bagz. Best to always watch out for your own self-interests
Making a separate post as it doesn't just apply to Tomb fork projects With defi token launches, the creation of new tokens can be achieved with IDO/ICO or presale But if you want the original fair launch of token distribution, you'd want a LP yield farming launch Some can argue whales with big wallets are able to capture a big share and this is true It's still more fair than VC's buying a Solana at pre-sale for pennies Liquidity Pool, yield farming every single token means people are taking a risk of a scam/hack so the bigger the wallets and their asset risk, the bigger the rewards Fair launch. that is all
Thanks. So I see on 3omb that they offering greater yield if one moves their 2omb/FTM spLP tokens there. I'm not understanding why the same dev would fork twice. Do all three (Tomb,2omb,3omb, etc) work together synergistically? How do the Tomb folks view these forks?