Tokens
STOMB - SolTomb Token
STOMB: STQMB9ii171SEVgduo2XihTtTMpyNniYEFLAhctLCwP
$STOMBtoken is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain STOMB peg to SOL in the long run.
Note that $STOMB actively pegs via the algorithm, it does not mean it will be valued at SOL all times as it is not collaterized . $STOMB is not to be confused for a crypto or fiat-backed stable-coin.
SSHARE - SolTomb Shares
SSHARE: SHAREM7En31zLmWUUQcpL9BnhhhHK31oEeSU1Rswegb
SolTomb Shares ($SSHARE) are one of the ways to measure the value of SolTomb and shareholder trust in its ability to maintain $STOMB close to peg. During epoch expansions the protocol mints $STOMB and distributes it proportionally to all $SSHARE holders who have staked their tokens in the boardroom.
$SSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the SolTomb finance ecosystem.
$SSHARE has a maximum total supply of 5,000 tokens distributed as follows:
Team Allocation: 500 $SSHARE vested linearly over 12 months
DAO Allocation: 1000 $SSHARE
Remaining 3,500 $SSHARE are allocated for incentivizing Liquidity Providers in share pools for 12 months.
Dynamic Adjustment Mechanisms:
To further enhance stability and peg maintenance, the following mechanisms will be implemented:
Variable Reward Emissions:
The reward emissions for each pool will be dynamically adjusted based on TVL and TWAP. This ensures that during times of high demand or price deviations, the protocol can incentivize more liquidity provision or reduce rewards to stabilize the market.
Peg Stability Fund:
A portion of the protocol fees will be allocated to a Peg Stability Fund. This fund will be used to buy back STOMB when it falls below the peg and sell STOMB when it is above the peg, helping to maintain the 1:1 ratio.
Community Governance:
$SSHARE holders will have governance rights to propose and vote on new LP-pools, reward adjustments, and other protocol improvements. This ensures the community has a say in maintaining the peg and the overall health of the protocol.
By implementing these additional pools and mechanisms, the STOMB protocol aims to provide a robust framework for maintaining the peg to SOL, ensuring long-term stability and usability within the Solana ecosystem.
SBOND - SolTomb Bonds
SBOND: SBQND9LbGci1f4oadUM5ooTHPK1Vv9rh7nb92R8nmcw
SolTomb Bonds ($SBOND ) main job is to help incentivize changes in $STOMB supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of $STOMB falls below SOL, $SBONDs are issued and can be bought with $STOMB at the current price. Exchanging $STOMB for $SBOND burns $STOMB tokens, taking them out of circulation (deflation) and helping to get the price back up to SOL. These $SBOND can be redeemed for $STOMB when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for $STOMB when it is above peg, helping to push it back toward SOL.
Contrary to early algorithmic protocols, $SBONDs do not have expiration dates.
All holders are able to redeem their $SBOND for $STOMB tokens as long as the Treasury has a positive $STOMB balance, which typically happens when the protocol is in epoch expansion periods.
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