2|3omb protocols are both based on TOMB protocol. 2omb however is a sped-up version that emits 2shares for only 3 months. So when you stake your LP tokens in the farm it rewards you in 2share. The 2share on 2omb.finance is given out faster than Tshares on the original TOMB protocol. 3omb is similar but also has new innovations that no other tomb fork has had until now. 3omb.finance is the normal 1yr 3share emissions like original tomb, but 3omb has protocol owned liquidity (a treasury owned via 3dao) 3omb compliments 2omb because once 2share is done being minted on April 3rd, the treasury in 3omb.finance under the 3dao tab will essentially buy back your 2share at a premium above market value, which will take 2shares out of circulation causing 2shares to become deflationary.
What's the best way to get started?
There are countless strategies, and which one you choose depends on your risk tolerance and short, medium, and long-term goals. That being said, the "plug-and-play" method is detailed below.
Also, take some profits along the way. Don't get too greedy.
If $2OMB is OVER the peg:
$2omb is being bought more than sold It can also mean 2omb is being hodl by the community. BOARDROOM PRINTS MORE 2omb. Here's how you can start...
Buy $2Share and stake it in Boardroom to earn $2omb rewards.
Take a portion as profit make a liquidity pool with the rest of your rewards.
If $2OMB is UNDER the peg:
$2omb is being sold more than being bought which means FTM > 2omb. People are selling 2omb. BOARDROOM STOPS PRINTING. But that doesn't mean that the farms aren't farming. Here's how you can start..
Starting with your FTM in your wallet buy 50% with $2OMB and create a liquidity pool. Stake it in the farms or deposit it in an auto-compounder. Make sure you leave some FTM for gas fees.
Take profits by breaking your LP. Staking the $2share when you profit and converting your FTM to any stablecoin of your liking.
What is 50/50?
50/50 is the method best suited to provide stability for both the platform and for your underlying investment. By boosting liquidity, the 50/50 strategy reduces price volatility and helps $2OMB stay above the peg for longer to keep printing. This, in turn, attracts new investors and keeps the ecosystem growing.
When you claim your $2OMB rewards in the Boardroom, sell 50% of them for $FTM.
When you go to provide 2OMB-FTM LP, stake the entirety of your remaining 2OMB with the $FTM you've just purchased.
Are the LPs or the Boardroom better?
This is more of a personal preference, but I can list the main benefits of each.
The LPs do not have a lockup period so your funds can always be withdrawn and moved around.
The LPs also can help stabilize the protocol by balancing during times of high volatility.
The Boardroom is staking a single asset therefore there is no risk of impermanent loss, and you have more of a possibility of price appreciation on the 2/3share tokens that are staked in the BR/3R.
How is the 2/3 Boardroom reward calculated?
SHARE price * APR(%) / 365 / 4 / 100 / OMB price
SHARE = $3000
OMB = $3.5
APR = 900%
Reward = approx 5.3 2OMB's for 1 SHARE per epoch
What is this multiplier?
The multipliers are just that, it's an incentive to stake it certain pools so the base percentage is multiplied by that number. The APR you see though already has that multiplier baked in.
There are so many auto-compounding vaults, what should I do?
If you are in a $2OMB-FTM LP auto-compounding vault, you are creating buy pressure on $2OMB.
If you are in a $2SHARE-FTM LP auto-compounding vault and you also hold $2SHARE elsewhere, the auto-compounding vault will be suppressing its price since it is continuously selling $2SHARE.
Because $2OMB follows the price of $FTM, the 2OMB-FTM LP is akin to holding $FTM in your wallet, except with the bonus of a high farming APR on top of it. In other words, if you're bullish on $FTM's price action, the 2OMB-FTM LP is a way of holding exposure to that single asset while also reaping high APRs.
Is 2SHARE really deflationary? I see the circulating supply increasing.
2SHARE is a deflationary asset. Currently, until April, it is in an inflationary period due to emissions. Eventually, more 2SHARE will be burned than emitted, and by around April, no more 2SHARE will be emitted ever, making it fully deflationary.
What can I do to help maintain the peg?
If you have staked 2SHARE in the Boardroom you can withdraw a portion of them to buy 2ombs to Pair up with FTM for 2omb/FTM LP.
If you have 2SHARE /FTM LP you can remove a portion and swap 2SHARE to get 2omb and pair it to 2omb/FTM LP.
If 2bonds become available, buy 2omb to get 2bonds, or break LP to buy 2omb to get 2bonds
Remove LPs from the website then put the LPs in Auto Compounders such as Beefy, Devil, Yieldwolf. This will put buy pressure on 2omb as they constantly make more LP tokens
Why can't I claim my funds from the boardroom/3room?
In 2omb you must wait for 2 epochs (6hrs each) before you can withdraw your funds after making a deposit or claiming rewards. In 3omb the lockup time is 3 epochs.
My transaction won't go through when I try to interact with the protocol, it keeps failing. Why is it doing this?
There are several reasons why this could occur. The most common being FTM network congestion due to high volume. You can try raising the gas limit (GWEI) or changing the RPC address that your wallet is currently using to interact with the blockchain.
Why don't I see my LP rewards showing up?
Since our UI (website) only detects funds higher than 0.0001 and the 2/3 SHARES prices are fairly high, it could be that you have to wait until you farmed at least 0.0001 2/3 SHARES for it to show up.
Why isn't 3DAO printing bonds(rebates)?
3DAO is algorithmically designed to not print bonds if the system detects sharp downtrends in the Shares price, specifically if its TWAP is below 1.2. Generally speaking, when 3omb TWAP is above 1.2, the 3DAO will print bonds on the next epoch.