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Snowtomb is a DeFi protocol and a fork of tomb.finance. STOMB is an incentive-driven algorithmic stablecoin system that uses seigniorage to keep STOMB pegged 1:10 to AVAX. The STOMB token is intended to function as a medium of exchange. Its built-in stability design is meant to support STOMB’s long-term peg to 0.1 Avalanche (AVAX). Keep in mind that the protocol maintains the peg through an algorithm, so it does not guarantee STOMB will always be worth 0.1 AVAX since it is not collateralized. STOMB should not be confused with stablecoins backed by crypto assets or fiat.
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