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Snowtomb is a DeFi protocol, fork of tomb.finance. STOMB is an incentive-oriented algorithmic stablecoin protocol that utilizes seigniorage to peg STOMB 1:10 with AVAX. STOMB token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain STOMB's peg to 0.1 Avalanche (AVAX) token in the long run. Note that STOMB actively pegs via the algorithm, it does not mean it will be valued at 0.1 AVAX at all times as it is not collateralized. STOMB is not to be confused with crypto or fiat-backed stablecoin.
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