PART I: TOMB FINANCE PARTNERING WITH 2|3OMB

18 min readFeb 7, 2022

This is Part I of a detailed multi-part article which must be digested from START to FINISH. We are releasing this in parts so the community has time to digest all of the information.

In order for you to understand and interpret HOW I came to the decision to partner Tomb Finance with 2|3omb, you must please FOLLOW my instructions and read the WHOLE article.

I aim to keep this piece as OBJECTIVE (fact-based) as possible though I will clarify when I need to be SUBJECTIVE (my perspective). The past week has been an incredible experience for me — some positive, some negative.

As there are many moving pieces, I will do my best to walk all of you through the BIG PICTURE. You have all undoubtedly seen this on all of my Tomb Tuesday updates.

Timelines

For clarification on timelines since crypto moves so quickly, I will define the following timelines for all of you.

Super Short-term — Days, Weeks < 1 month

Short-term — 1 to 2 months

Mid-term — 3 to 6 months

Long-term — 6 months +

Why I reiterate this every week is because DeFi and crypto moves so quickly because of news. Speculators, traders, and Degen Defi traders expect everything NOW. So I reiterate this EVERY WEEK because people have short memories and it takes time to build and execute projects.

Managing expectations and providing timelines and a weekly update are one of the core components of success to Tomb Finance; however, this week was a bit unique which is why we are not waiting until Tuesday and addressing the issue today in a multi-part series of articles.

HOW CAN I CONTRIBUTE AND HELP?

All of this will be detailed on Tomb Tuesday. Meanwhile, there are things you as the community can do RIGHT NOW in real time to help Tomb, my team, and most importantly the community.

Please give my team the time we need to put together the following:

A trading strategy and yield farming alpha guide on how to optimize your yield trading between T|2|3omb and T|2|3Share.
A detailed explanation and timeline of events to report on #TombTuesday on the partnership with Tomb and 2|3omb

There is a lot of misinformation and negative sentiment out there on Twitter, Discord, and Telegram. All of the negative sentiment is to create FUD (fear, uncertainty, and doubt). IGNORE ALL OF IT, read this article, and it will all make sense — unfortunately, many people want to see Tomb, 2omb, and 3omb fail and most importantly they want ME to FAIL. THIS WILL NOT HAPPEN.

So as a community, how can you help?

First, please take a deep breath, be nice to one another, and don’t spread fear and negativity or anger. It only adds fuel to the fire and does not resolve anything.

As your leader, I truly apologize for my recent outbursts. Only those that have been close to me can understand that, due to my lack of sleep and other stresses, I tend to lose patience. We are all human. I am usually very calm and composed, but I allowed myself to take all of the attacks on Tomb personally.

I’ve dedicated my life to Tomb and to all of you in the community. The last thing I want are attacks on us in any way, shape, or form. I will always protect Tomb and our community. So, after I took a deep breath and got my 5 hours of sleep, I was able to refocus and as you can see today, I am much more pleasant to deal with and am focusing on getting us through this speed bump.

I thought that this would be a short piece I would be writing but I find that it’s better to provide a bit more of a detailed explanation before and leading up to the events, why we are here today, and how we got here — past, present, and future. As I started writing this, I realized that the order of operations required for the community to understand why I made the decisions I did. It started out as 1 page, then 2 . Next thing you know it was 25+ pages.

What this whole experience has taught me, is that running a DeFi project requires communications and updates regularly to the community members of the project, something that is new for me.

In Part 1, I will focus on how the Tomb and 2|3OMB Communities benefit from this partnership

In Part 2, I will focus on Harry Yeh About Me. This is an opportunity for the community to get to know me.

In Part 3, I will focus on a Timeline — Specifically on how I invest in projects in the ecosystem. I will walk you through the process of why I decided to partner Tomb Finance with 2|3omb in DETAIL.

HOW THE TOMB COMMUNITY AND 2|3OMB COMMUNITY BENEFITS FROM THIS PARTNERSHIP

As I have been working on writing out the details of the partnership in a detailed timeline series after this introduction, I wanted to let both the TOMB and 2|3OMB communities understand the benefits of the partnership with a quick and brief summary.

How did I go from “It’s a Rug” to Partnering?

As I had mentioned in my apology previously, I was working on draining the swamp that is in DeFi on Fantom, and I was interested in starting with all the Tomb Finance Forks.

At the time I simply was not interested in getting to know any of these projects. I just assumed all of them were scams and rugs until I was proven wrong. I call it “Fishing with Dynamite” which I will go into detail in Part 3.

So in our pursuit for ACCOUNTABILITY, I picked 2|3omb first out of the list of 87 forks on my list to go after since it had the most similar name to Tomb but also the highest TVL of all the Tomb forks. It was also showing up in my Spookyswap and on FTMScan.com and was ACTUALLY annoying me each day.

I was vocal against them as you saw on Twitter and the last thing I expected was that the 2|3omb community was so strong, united and they believed so much in the project that I started to have a look.

Additionally, they were extremely good at engaging me, and made me tweet about them to prove that I really was HARRY YEH. That is how this whole saga started. I respect people that stand up and prove me wrong. Thank you 2|3omb!

By the way, this pursuit of ACCOUNTABILITY continues. It’s a mission — a movement. And it doesn’t stop here. More on that later.

LUCK and TIMING

In short, it was a massive stroke of LUCK and TIMING that the universe had gifted me the opportunity to run Tomb.

An even larger stroke of LUCK and TIMING is that 2|3omb addresses one of the use cases I would have had to deal with in 4 months time: TSHARE emissions completion.

After lengthy discussions and due diligence within those few days of launching our pursuit of ACCOUNTABILITY, I determined the 2|3omb’s project was NOT a rug or scam. Then, I began to imagine the following:

“What if 2omb and 3omb were the additional yield farms that could support our LPs and platform after June 2022?”

It was this simple question that led me to move IMMEDIATELY because I could battle test my idea and use case NOW vs. having to wait until April 2022.

HARD TO BELIEVE, but yes it is the TRUTH. In life you are only given so many opportunities. The biggest opportunity that happened for me was Tomb Finance. It just so happened that 2|3omb was the SECOND one yet as a result of pursuing something great and honorable for DeFi.

Me storming into the 2|3omb chat room as we pursued bad actors and draining the swamp was the best thing to happen to Tomb Finance this year; however, I don’t just look at just Tomb Finance winning, I looked at how 2|3omb would win as well.

TOMB FINANCE

Responsibilities

As the main stakeholder and leader of Tomb Finance, it is my responsibility to think mid- and long-term for the protocol. I think about Tomb first and how to ensure its growth and survival.

It has now been nine months since Tomb Finance launched, five months since the Gatekeeper exploit, and two months since the Grim exploit. The protocol has held up relatively well since my team and I took over in September of 2021.

TSHARE Emissions end in June 2022

The TOMB/FTM and TSHARE/FTM LPs where TSHAREs are emitted end in June of 2022. Aside from LIF3 and owning our own liquidity, I was contemplating ways we could incentivize additional LPs when June 2022 comes.

WHY? Because if you don’t incentive the LPs, and they don’t earn yield, then the liquidity leaves unless you own it. This is why LIF3 is important to Tomb.

I had imagined another system, where we would have another TShareB or TShareV2, but for a longer emission schedule of 24 to 48 months to incentivize TOMB/FTM and TSHAREV2/FTM; however, it had yet to be developed and we had other projects that were more important presently (more on those projects later), but this was on my mind DAILY.

As I will detail in Part 2 and Part 3 — Tomb Finance and 2|3omb are only a part of the ecosystem I support. More on that later.

BENEFITS OF THE T|2|3OMB PARTNERSHIP FOR TOMB FINANCE

WIN #1: ADDITIONAL TEAM AND COMMUNITY

The executive team at 2|3omb complement the Tomb team, and over time, the communities will cross-pollinate and support each other despite their current differences.

And to be completely clear, I don’t see the communities merging on Discord and Telegram: each community is unique and very different. There is more value to them co-existing vs. merging.

I love both communities and their individuality, but they each share a common goal, which is to support T|2|3omb long term.

WIN #2: TIME

For Tomb Finance I immediately am able to battle test the use case with another seigniorage project TODAY vs. in 4 months’ time. This is the biggest win for Tomb Finance. This was a Strategic move which is why I did it. I bought potentially 16 months of yield farming for our LPs.

WIN #3: MORE YIELD OPPORTUNITIES AND PAIRS

Liquidity Pools to Help Support Tomb by Partnering with 2|3omb

First contract vault staking being developed now:

2OMB/TOMB — emits 2OMB — buys TOMB

3OMB/TOMB — emits 3OMB — buys TOMB

WIN #4: TREASURY SUPPORT FROM 2|3omb

Although not a requirement, having a trusted partner that and help in the future or co-investment from a partner is ALWAYS better to have then NOT to have.

BENEFITS OF THE T|2|3OMB PARTNERSHIP FOR 2|3OMB

WIN# 1: ADDITIONAL TEAM AND COMMUNITY

The 2|3omb team has access to my resources, team, hedge funds, and support. Our core team is already working together with 2|3omb team around the clock.

WIN# 2: MONSTER INCREASE IN TVL AND EXPOSURE AND VALIDATION OF PROJECT

The 2|3omb team overnight went from 7M TVL to 200M+!

WIN# 3: ACCESS TO MORE LIQUIDITY AND YIELD OPPORTUNITIES

The 2|3omb team have access to more liquidity and projects now as well as more having access to TOMB liquidity. TOMB will be a base pair for Tombswap so will be more trading opportunities for 2|3omb.

WIN #4: TREASURY SUPPORT FROM TOMB DAO, INVESTOR SUPPORT FROM HARRY YEH’s HEDGE FUNDS AND NETWORK

Having access to Large investment capital pool ensures stability and growth. Just having this partnership the TVL for 2|3omb went from 7M USD for 2|3omb to just under $300M USD in 48 hrs.

TOMB FINANCE NOTES

THE PEG

Our goal is always to ALLOW the market to decide when TOMB should be pegged to FTM. That is 1:1 or to go above the 1.01 peg.

The DAO, myself, hedge funds, and other stakeholders that are invested in Tomb should only step in and help the peg during events that require support.

If the market feels there needs to be more Tomb printed, the forces that allow emissions to go above 1.01 is what we want the market to do.

Also understand nothing like Tomb HAS ever worked or existed before. We are in the data collection and observation stage of the protocol. WE NEED TO GIVE TOMB TIME TO DO ITS THING!

If Tomb is printing, the market wants it to print. We do our best to NOT interfere at all. As much as we would like Tomb to be above peg all the time and print, long term that is NOT sustainable.

The fact that Tomb is above and below the peg means that the system works. If it ain’t broke, don’t fix it.

VALUE OF TOMB

The price target value we estimate because of the utility of Tomb (staking, rewards, liquidity, etc.) should be 1 Tomb = 2 FTM.

For target and 1 TShare = 1 YFI — this is because of the emissions of Tomb that 1 TShare provides over peg.

Once Tomb lists on a centralized exchange such as Felix.com — it will trade against USDT and BTC.

This will actually allow Tomb’s value to increase and not depend on trading against WFTM pairs on DEXES.

There are articles out there floating around saying the TOMB Token dilutes the Fantom Token value. I will address this in a different article but in short when you sell TOMB — it is TOMB/FTM then FTM/USDT

But this is true of any token, BOO, TSHARE. You have to sell those tokens to FTM first then sell to USDT. This is why we are focused on having an CEX that focuses on Fantom’s blockchain.

The success of Fantom ecosystem but the lack of direct pairs of USDC or USDT are the reason that there IS selling pressure on Fantom but this is not a problem because of Tomb.

More on this subject later but the plans of a TOMB/USDT and TOMB/BTC on Felix.com are already in the works which will greatly allow Fantom and Tomb to grow in value!

Tomb Emission Targets

Our target emissions for Tomb is at least 2 billion Tomb printed in the next 24 to 36 months. We expect that it will slowly print up to 3 billion Tomb in 48 months. Tomb will act as a base pair to other tokens.

WIN WIN WIN T|2|3omb

As mentioned before, after engaging with the executive team of 2|3omb, I quickly changed my tone from “scam and rug” (and calling them out publicly for it) to “partnership” over the next 48 hours. Now it was time to put the plan into action.

However there was another problem and here is the STARK REALITY:

When I barged into the Discord and dropped a Twitter bomb online, there were immediate attacks and distrust from BOTH the Tomb Finance and 2|3omb Discord channels.

The community and teams, and rightfully so at the time were livid. I had random people messaging me saying how they couldn’t believe I did that and I was wrong and how they lost ALL respect for me.

I had created a shit-storm on Twitter, Discord, and Telegram SIMULTANEOUSLY. Of course the Internet Trolls had their day, and of course I fought back because that’s what I do.

I also was completely oblivious to the impact of my actions at the time SIMPLY because I never engage at the consumer level. This is the truth. In retrospect, I am GLAD this happened and I will detail more on my growth from this experience in part 2 and 3.

This was going on right before I got into the lengthy discussions with 2|3omb as a result of all this.

So with the result of these discussions turning up positive, I now realize I could have probably waited 30 days to do something, communicated better with our Tomb community, as well as buy some 2|3Share here and there to get to know the 2|3omb community as well.

Hindsight is 20/20 and I sincerely apologize again as I have before on the way this was rolled out.

But in regard to the shit-storm on Twitter, Discord, and Telegram against 2|3omb I created, I knew it was something that had to be addressed. This was NOT going to go away by itself.

One thing about me is that I thrive in high-pressure situations, and this is one of the most intense situations I have ever been in because there is no past precedent for what was happening!

I knew I didn’t have the luxury of time, as a huge amount of negative sentiment was pouring into the Discord for 2|3omb along with a negative back and forth between them and Tomb Finance.

So after I spoke with 2|3omb’s leadership, it was at that moment I knew what decision to make and I quickly evaluated my options. I had to make the best decision on the fly that was the best for Tomb Finance. Here’s the thought process I had to go through in my head to make a decision since time was of the essence:

Option 1: Keep my ego, know that I was wrong, don’t apologize for my mistakes, and risk 2|3omb potentially growing without our support and there being a battle between the communities on Fantom.

LOSE LOSE for everyone and my Quest for ACCOUNTABILITY ends up doing more damage than good for the ecosystem.

Worst of all in the long run a the BIGGEST LOSER would be Tomb Finance and Myself. My Reputation and credibility that I had spent so much time building up would be gone.

Option 2: BYE BYE EGO — Acknowledge I was wrong and 2|3omb wasn’t a rug or scam and it actually benefits Tomb and our community as well as 2|3omb. 2|3omb also has an excellent team, so I couldn’t ask for better partners off the bat.

Also help solve my TSHARE emissions issue as well as increase TVL for the entire Fantom ecosystem, and work with a team that shares the same vision of ACCOUNTABILITY as I do? LFG!!!!

ALL I COULD THING WAS WIN WIN WIN!

So I decided to take Option 2 and build a partnership immediately! THIS WAS INSANITY!

Taking a Small Position in 2|3Share

Immediately after the conversation with the executive team I needed some time to digest the information and clearly our visions aligned.

I had one of my deployer wallets purchase 100 2Shares as a sign of good faith and our commitment to the partnership. I alas had to decide next how to acquire the 2Shares and 3Shares over time. The plan was to purchase the 2Shares and 3Shares over the next 30 days so I had time to craft the partnership in detail.

The problem at the time is that I usually like to buy 20% or 100% of a project and 2|3omb only had TVL of 7M before I blasted them and now it was 28M TVL. I wanted to deploy 8 to 10M USD — how was I going to do that?

I will explain more on this in Part 2 and 3 of my 20% or 100% of investing in projects.

More importantly I had to apologize to the community.

My plan was to acquire slowly at a lower price with limited orders (which I was able to do); however, that was taking too long. We wanted to accumulate our position over a month, but things were happening in real time that made this IMPOSSIBLE.

The Bloody Deployer Wallet

As I started going into the chat room to spend time learning about the project, 2|3omb members kept asking me if I took a position, which turned out to be the deployer wallet.

I had deployed some smart contracts for tokens we were launching. As I had some Fantom on this address, it was more convenient for me to pick up 100 2Shares from this address:

What I didn’t realize was that my deployer wallet was being tracked. This actually made the situation worse because now I had no choice — I had to make the trade.

For me the best decision at the time was to figure out a way to acquire without moving the market, and I couldn’t let people know it was me that was buying. So of course this forced me to create new addresses that were not linked (all of you 2|3omb sleuths LOL great job being so NOSEY — still it wasn’t me LOL) to my other transactions, which took me literally another four hours.

In full transparency, because of the risk level of the trade, I used my own PERSONAL funds for the benefit of TOMB Finance, 2omb and 3omb, and the community as it was > 10M USD to purchase 2Share and 3Share to stake and earn 2|3omb.

Throwing off the Scent

I also couldn’t let anyone know it was me until after the partnership was announced formally through my comms team. This is really the pain of trading and investing in projects in crypto: everyone follows the money on the blockchain!

Also at that time I was having fun being trolled and trolling, to really lighten up the spirits in the 2|3omb. At the end of the day yes it was me buying 2|3Share for the benefit of Tomb Finance, 2omb, 3omb, and the communities. At some point I had to apologize but I wanted to do it publicly.

Yes, I do know how to send an ASCII to HEX MEMO on Metamask. I was trolling myself for fun.

Addressing the Optics on FUD To Buy 2SHARE Cheap

FIRST, I want to dispel any myths, misconceptions, notions, or rumours that I said 2|3omb was a rug and I bought it for the lowest price.

My initial entry for the first 100 2Shares cost USD $1,400.

I did think about buying 2Share after seeing the price drop to $1,000, but never acted on it because I never buy something unless I am 100% sure it is legitimate. The price action was quite good because it bounced up from $850 back to $1,000, so from a trader’s perspective, there was a lot of good support.

THE APOLOGY TO 2|3OMB Community

https://twitter.com/harryyeh/status/1489689063250665475

If you want to read the tweet thread here is the link.

https://threadreaderapp.com/thread/1489689038995050498.html

Hindsight 20/20

Looking back, there are definitely some things I would have done differently, which I will address in the next few articles. Bottom line, it was the best decision for the Fantom ecosystem as a whole, and the winners are Tomb, 2omb, and 3omb — T|2|3omb!

THE APOLOGY TO TOMB FINANCE COMMUNITY

This medium article is the first of my series as an apology to the TOMB FINANCE community. I am sorry from the bottom of my heart that I didn’t make the transition more smoothly and that it caused chaos in the Discord and Telegram.

Please forgive me. Everything I did was to ensure the future and success of the Tomb Finance protocol and community. I genuinely did what was the best for all of us!

Also, to the moderators that left: please give us another chance. The door is always open for you.

I had no idea that my actions, attitude, and outbursts would have such a profound impact on people or a community. I will also address this separately.

The reality is after I made the announcement of the partnership, I was miserable because I couldn’t understand why everyone in the Tomb Finance community was upset. I now understand why and thank you for accepting me as part of the community. I can only promise in the future to communicate better to the community, as this was a new experience for me.

I will detail out more in the next few articles, so that the Tomb Finance community can get to know me PERSONALLY. If you understand WHO I am and HOW I operate — it will make sense why I did what I did so quickly.

Thank you for your continued support. Stayed tuned for more articles.

Was It the Right Decision?

In retrospect 1,000% it was the right decision. I will be the first to say I probably won’t be fishing with dynamite again anytime soon.

The means don’t justify the end usually but in this case it worked out the way it was supposed to.

To all the people involved that made this happen both teams and communities you deserve all the credit!

The end result, I am still in SHOCK and disbelief that it worked out the way it did. I can only describe this scenario as one of my fund partners said as 5D Chess and LEGEND.

They will be writing case studies about this in many years to come. Though there is some damage control, in the end everyone has come out on top. I’ve created more multi-millionaires and high yield sustainable opportunities for everyone in the last 48 hrs due to my methods.

All I can say is I’m truly sorry for putting you all through this experience and and YOU ARE WELCOME 😁. What a story!

T|2|3omb is THE best and most stressful investments, trade and transaction I have EVER done in my life.

With this partnership, we have essentially increased the value of the Fantom ecosystem by $280M USD in 48 hrs and secured a bright future for T|2|3omb.

I mean even the name Tomb, 2omb, 3omb. The fact you could just abbreviate with a | and call it T|2|3omb and register a domain t23omb.com — this was meant to happen.

MIND BLOWN!