Zombi Finance serves as the backbone of a rapidly growing liquidity-focused ecosystem.
About Zombie Finance
The mechanism behind the Zombi Finance protocol dynamically adjusts the supply of $ZOMB, raising or lowering its price relative to the price of 1$FTM.
Zombi.Finance — a multi-token protocol, consisting of the following three tokens:
| 1 | ZOMB Token ($ZOMB). |
| 2 | ZOMB Shares ($SZOMB). |
| 3 | ZOMB Bonds ($BZOMB). |
Unlike previous algorithmic tokens, $ZOMB is not pegged to the full value of the token - instead, it is pegged to 1 $FTM. With the price of $FTM soaring over several months, pegging to the full value of $FTM was more difficult as the USD value of the increased token.
Zombi.Finance believes in the potential of Fantom Opera and has chosen to align its mission with providing value and profiting from the future growth of the $FTM. The ZOMB token is intended to be used as a medium of exchange. The stability mechanism, built into the protocol, aims to maintain ZOMB pegging to 1 Fantom (FTM) token in the long term.
The primary purpose of Zombi Bonds (BZOMB) — to help to drive change in the ZOMB supply during the shrinking era. When the TWAP (Time Weighted Average Price) of ZOMB falls below 1 FTM, BZOMB is issued and can be bought with ZOMB at the current price. Swapping ZOMB for BZOMB burns ZOMB tokens, taking them out of circulation (deflation) and helping to restore the price to 1 FTM. These BZOMBs can be exchanged for ZOMBs when the price is above the peg in the future, as well as additional incentive for holding above the peg longer. This leads to inflation and selling pressure for the ZOMB when it is above the peg, helping to push it back towards 1 FTM.
More about defi app
The introduction of a second FTM pegged coin in the Zombiverse will provide users with more choices and use cases to choose a stable asset to stack, as well as have higher lock liquidity throughout the Fantom ecosystem. The more liquidity is blocked, the more Fantom grows.
Zomb2 aims to be the second choice, alternative medium of exchange and source of liquidity for the Fantom network, and is often owned by Fantom users and Zomb lovers. Moreover, it offers a new use case for $ZOMB and $SZOMB tokens in the ecosystem as they can be used for farming in Zomb2 Finance.
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