Wednesday, March 23, 2022

Zomb Finance - Algorithmic Stablecoin, Pegged to the Price of 3OMB via Seigniorage - YouTube

Zomb Finance - Algorithmic Stablecoin, Pegged to the Price of 3OMB via Seigniorage - YouTube:

Description: Stake your ZOMB-3OMB LP in the Farm to earn zSHARE rewards. Then stake your earned zSHARE in the Boardroom to earn more ZOMB!

FARMS

Stake your LP to earn ZSHARE tokens. Shares Pools (Shares Reward) available for 6 months: ZOMB-3OMB LP, ZSHARE-USDC LP, ZOMB-USDC LP.

ZOMB

The ZOMB token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain the ZOMB peg to 1 3OMB token over longevity.

ZSHARE

The ZSHARE tokens are one of the ways to measure the value of the ZOMB protocol and shareholder trust in its ability to maintain ZOMB close to peg. During epoch expansions, the protocol mints ZOMB and distributes it proportionally to all ZSHARE holders who have staked their tokens in the 'Print Room' (boardroom/masonry).

ZBOND

ZOMB Bonds (ZBOND) main job is to help incentivize changes in ZOMB supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of ZOMB falls below 1 3OMB, ZBONDs are issued and can be bought with ZOMB at the current price. Exchanging ZOMB for ZBOND burns ZOMB tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 3OMB. These ZBOND can be redeemed for ZOMB 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 ZOMB when it is above peg, helping to push it back toward 1 3OMB.


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