How I make $10/day off on TOMB Finance - My FAVORITE Yield farming project. 433% APY

2 years ago
9

In this video I walk through one of my favorite passive income opportunities - TOMB Finance.

TOMB is an algorithmic stablecoin pegged to FTM (Fantom).

You can get a pretty good daily APR from just providing liquidity in the TOMB-FTM Liquidity pool. Since these coins are pegged to each other, there is less risk of impermanent loss than in most liquidity pools.

If you really feel dangerous, you can take the TSHARES you get from this liquidity pool and put them in the Masonry to get additional TOMB that you can re-put into liquidity and repeat the process!

Here's how to get started:

1) Buy some FTM on Kucoin (https://www.kucoin.com/ucenter/signup?rcode=r3AHQJ5) or Binance.us (https://accounts.binance.us/en/register?ref=57719357)

2) Send the FTM to your Metamask wallet

3) Buy some TOMB on SpookySwap (https://spookyswap.finance/swap?outputCurrency=0x6c021Ae822BEa943b2E66552bDe1D2696a53fbB7) - turn about 50% of your FTM into TOMB (leaving a little bit for gas fees)

4) Go to the Cemetery (https://tomb.finance/cemetery/TombFtmLPTShareRewardPool) and click "Provide Liquidity for TOMB-FTM" (https://spookyswap.finance/add/FTM/0x6c021Ae822BEa943b2E66552bDe1D2696a53fbB7)

5) Turn your TOMB and FTM into TOMB-FTM LP token

6) Either go back to the Cemetery and click "stake", or use Grim Finance (https://app.grim.finance/) to auto compound

7) Go in and claim your TSHARES and sell back on Spooky Swap for FTM and sell on Kucoin or Binance

-If you want to take it one step further, instead of selling your TSHARES, stake them in the Masonry to get additional APY

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