With a new year there are lots of opportunities to grow; let’s’s take a deep dive into Tomb Finance in the Fantom ecosystem to earn rewards and passive income for 2022.
You can start with the strategy below once you have a Metamask account and deposited $FTM on it.
Now you will have $TOMB in your Metamask wallet. If it is not visible in your asset list, you need to add $TOMB token to your Metamask. Click on import tokens and fill out all the required information; you can find them on Coingecko. https://www.coingecko.com/en/coins/tomb
In order to receive LP tokens, provide liquidity to $TOMB — $FTM pool. The value of $FTM — $TOMB should be 1:1.
Once you have the LP tokens go to @tombfinance
Stake LP tokens in Cemetery to earn $TSHARE; 120% APR
Stake $TSHARE in Masonry to earn $TOMB; 880% APR
Now that you earned free $TOMB go to http://tarot.to
Search and click for $FTM / $TOMB pool
Go to the Lend tab and click supply
Supply liquidity for $TOMB; the reward is 150% APR.
As simple as that!
Fantom is one of the most undervalued Layer one networks in the crypto market. Despite already being up 144x in 2021, there are a lot of reasons why FTM can still explode in 2022. When that happens, you can imagine what will happen to its ecosystem.
I will not sleep on this opportunity.
If you want to read about other DeFi tricks within Fantom you can find it here.
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Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information.