TADPOLE FINANCE
MONTHLY REPORT JULY 2021
Hello Tadpole breeders! Can’t believe it’s already the middle of the year. To keep you updated with our latest development, here is our growth
TOKEN DISTRIBUTION
# Circulating Supply
By the end of the month, the circulating supply of TAD tokens is 38.8% or 387.858 TAD from 1.000.000 TAD.
#DEX Liquidity Mining
This month, the program has passed 70℅ progress from a total of 200.000 TAD tokens that could distribute. Check out our website for more detail.
DEVELOPMENT PROGRESS
# Saving and Lending platform
This month we finally release our main feature, The Saving and Lending platform. With this feature, you can save your BEP20 tokens and get some interest. If you want to lend any BEP20 tokens, you have to use another token as collateral. Collateral is basically deposits that you approved to be locked as loan collateral. Not all tokens can be used as collateral. You can only use tokens that have a percentage bigger than 0% in the “coll” column.
Here is the flow when you want to save some tokens. You have A tokens, and then you save them in Tadpole’s platform to provide liquidity. After a certain time, you will get your A tokens back with an interest.
How about lending?. You have A tokens and you would like to borrow B tokens. You lock your A tokens in Tadpole’s platform as the collateral asset and borrow B tokens. After a certain time, you have to return the B tokens (the same amount you borrowed plus interest), then you will get your A tokens back.
Interest rates are determined algorithmically (based on supply and demand), and interest accrues every Ethereum block. Interest is calculated in real-time based on supply and demand.
For now, We listed 3 tokens for saving and lending activities i.e TAD, BNB, and USDT. We will list more tokens with mechanisms of Developer’s Choice and TAD Paid Listing.
# Liquidity Mining
Platform Liquidity Mining Program is a reward program to motivate users to use saving and lending services in Tadpole Finance. You will get a TAD token as a reward, both saving and lending will get you some amount of TAD tokens. But we are sorry to inform you that the reward for The lending feature is still locked and soon will be unlocked.
# Market Liquidation
Our new feature has been released. You can liquidate the assets using this feature and of course, you can buy assets at lower prices. Click here to do liquidation
#New Web Design and Multi-Language Option!
Tadpole breeders, we care about you that is why we want to upgrade our website to the next level. From now on, you can choose another language besides English. Anyone can easily access our website in Indonesian, English, or Chinese.
As we stated previously and you look into redesign our website, you may wonder about the importance of web design. One reason why web design is important for us, is because it creates consistency and for sure we want to make a positive impact on our audience. A good web design helps you keep your understanding of the product itself.
COMMUNITY HIGHLIGHT
Here is what they said about tadpole :
We realize that our progress may not be fast-paced but it is because we are careful and want this project as safe as it can be. Thank you and see you next month!
Regards,
Tadpole team
