What is Tadpole?
Tadpole Finance is an innovative open source platform that offers decentralized finance services for saving and lending. It is an experimental project that aims to create more open lending markets, allowing users to make deposits and loans with any ERC20 tokens on the Ethereum network. The platform was initiated by Indodax and Tokenomy, and later released to the community as an open source project.
The platform's governance and listing fees are paid using the TAD token, which is an ERC-20 token used for governance and paying listing fees in Tadpole Finance. It also enables token holders to vote on proposals for updates or changes to the Tadpole Finance protocol. Furthermore, anyone can add any ERC-20 token into the market, allowing people to deposit or borrow the token with some interest.
The total supply of TAD is 1,000,000 TAD, with the distribution as follows: Genesis Mining (200,000 TAD, 20%, 30-day period), Platform Liquidity Mining (500,000 TAD, 50%, 2-year period), DEX Liquidity Mining (200,000 TAD, 20%, 1-year period), and Developer Rewards (100,000 TAD, 10%, 1-year period).
To obtain TAD tokens, there are several ways to participate, such as the Genesis Mining program, Platform Liquidity Mining, DEX Liquidity Mining, Developer Rewards program, and purchasing on Uniswap.
The Genesis Mining program is the initial TAD distribution that will be distributed to TEN holders. To participate in this program, users must hold some TEN tokens and stake them through the Tadpole Finance website. This program will run for 30 days.
The Platform Liquidity Mining (upcoming) is a reward program that aims to incentivize saving and borrowing activities in Tadpole Finance. In addition to saving interest, a certain amount of TAD is distributed to both savers and borrowers based on the size of the savings and loan portions.
The DEX Liquidity Mining (upcoming) is a reward mechanism that aims to maintain the liquidity of TAD and the supporting tokens on decentralized exchanges. Users can obtain TAD tokens by staking Uniswap LP tokens.
Finally, the Developer Rewards program (upcoming) is distributed to all developers involved in developing the Tadpole Finance platform. As the platform evolves, more programs may be introduced to provide more opportunities for users to participate in the Tadpole Finance ecosystem.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.Try for Free