Hi Tadpolers, thank you for your support since Tadpole Finance’s official launch. As our appreciation for your enthusiasm in Tadpole project development, from now on, Tadpole will publish a report on a monthly basis, to keep you updated with our latest development. You can read up on what we have done in the previous month, including project development progress, important news, community growth, events, achievements, FAQ and many more!
Now for our very first report, here are our achievements in February 2021. Check them out!
1. DEVELOPMENT PROGRESS
# DEX Liquidity Mining
Creating a healthy token economy ecosystem requires adequate liquidity on exchanges to have supply and demand availability at all times. Therefore, we held a program to motivate Tadpole Finance supporters to maintain liquidity on the Uniswap Decentralized Exchange. By joining this staking program, supporters can help increase public trust in Tadpole Finance while receiving rewards in the form of TAD Tokens continuously.
Read here for the details.
DEX Liquidity Mining Report (March 1st 2021)
# Tadpole Bridge and Migration
We started Tadpole Finance to build a transformational blockchain-powered lending ecosystem. In the beginning, we created the platform on top of Ethereum to sail this ship. However, as we started developing with our product line, we experienced a lag in terms of transactions in the Ethereum network.
The Ethereum blockchain went very slow in terms of transaction confirmations and beyond acceptable/manageable transaction fees. Tadpole Finance is committed to building a smooth lending experience, and these hindrances from Ethereum were turning our use-cases obsolete.
Therefore, as a public blockchain project, we want to ask our community and supporters whether we agree to migrate to other blockchain technologies such as Binance Smart Chain and Tron, which many projects have trusted as Ethereum alternatives. We can also choose to stay in Ethereum while waiting for its network to be more stable in the future.
As a form of openness and transparency of the decision, voting weight is determined by the ownership of the TAD token in the voter’s ethereum address when the snapshot was taken. The bigger the TAD token you have, the greater the decision power you can use for a proposal to determine the development direction of the Tadpole Finance project.
To join the voting, please read and follow these instructions:
Duration: 2 weeks
Start: Block number #11974999 (est 07:00 AM UTC+7, Friday, 5th March 2021)
- Go to Tadpole Snapshot here , then click “Voting”
- Click on the button in the right corner “Connect wallet”
- Connect with wallet provider, where you hold TAD
- Click on the option you want to vote for
- Sign the message via your wallet and done
2. TADPOLE FINANCE PROJECT REPORT
# Listed in Indodax Exchange
On the first week of February 2021, we are happy to announce that we have been listed in Indodax Exchange, the largest digital asset exchange in Southeast Asia market with more than 2.5 Million user registered in their exchange
# Token distribution information in crypto information gateway
We have submitted the information of TAD token distribution on coinmarketcap.com, see the complete information of TAD distribution here.
# Help us to spread the project
We launched a video to spread awareness about Tadpole Finance project. We thank Indodax team for helping out with the video making. Watch the full video here, and don’t forget to Like, Comment, and Share!
# Developer Reward Program Has ended
We created the Developer Rewards Program to motivate the open-source community to participate in building DeFi protocols. Unfortunately, after the Developer Rewards Program has been running for two months, there is no progress whatsoever on the smart contract side of the Tadpole Protocol. Based on the analysis, we conclude that this program is not effective enough in motivating developers to develop the DeFi smart contract protocol. We decided to end the Developer Rewards program and replace it with a selected developer team, which we will announce in the future. All remaining TAD set aside for the Developer Rewards Program will be kept and distributed regularly to selected developers for further project development.
3. COMMUNITY HIGHLIGHTS
At the end of February 2021, our community has grown so much especially after the listing. Here are our current members and followers’ comments on Tadpole’s channels. Thank you to all Tadpolers for the support! Let’s look forward to a better growth next month!
That’s all for February 2021. Keep in touch and stay updated!