Tadpole Finance 2021 Development Report
Hello Tadpole Breeders, it’s already the beginning of 2022.
Over the past year, Tadpole Finance has achieved a lot of things. Let’s talk about it one by one, here it is!
# Development Progress
In early 2021, the Developer Reward Program was still running but unfortunately, in February 2021 we decided to end our Developer Rewards Program. The last distribution of rewards is for the period January 2021. We thank all developers who have joined this program and contributed their ideas.
On the first week of February 2021, the TAD token got listed on Indodax Exchange, the largest digital asset exchange in the Southeast Asia market with more than 4 Million users registered in their exchange. Also, we have submitted the information of TAD token distribution on Coinmarketcap.com and Coingecko!
Tadpole Finance project was initiated to run on the Ethereum network. You certainly know that the gas fee needed to carry out activities in Ethereum becomes so expensive. After we held network expansion voting on March 2021, as a result, we agree that Tadpole Finance will be expanded to Binance Smart Chain. So that the Tadpole Finance users could enjoy this decentralized application cheaper and more quickly.
Not long after expansion voting ends, we already had all the smart contracts infrastructure deployed in Binance Smart Chain. Users can only use TAD BEP20 for the upcoming saving and lending feature, therefore we need the TAD bridge to be finished before we can open the saving and lending feature. In the mid of April 2021, the TAD bridge was live!. Users can bridge TAD ERC20 to TAD BEP20 easily. But, the development of the reverse bridge takes a longer time to finish.
We finally launched our main feature in July 2021: Saving and Lending. With this feature, you can save your BEP20 tokens and get some interest. If you want to get any BEP20 tokens lending, you have to use another token as collateral. What’s interesting part is a program called “Platform Liquidity Mining”, both saving and lending will get you TAD token as rewards. This program will only last for 2 years since the platform is launched. But unfortunately, the reward for borrowing tokens was still locked and soon will be unlocked.
Not only the main features that already launched but Market Liquidation feature also live. You can liquidate the assets using this feature and of course, you can buy assets at lower prices.
After a long wait and patience, finally, we announced that the TAD Reverse Bridge was ready in August 2021. Users can bridge TAD BEP20 back to TAD ERC20, this bridge will support users to use our main feature — saving and lending more completely. Also one of the good news for October 2021 was the availability of TAD BEP20 on Indodax that will make it easier for users to have TAD on Binance Smart Chain Network, Instead of using the bridge feature.
We were not stopping there, after TAD Bridge development was done, we think that we might open this bridge feature universally. In this sense, any ERC20 projects can be added to this universal bridge. We have completed the bridge for TAD and we believe Universal ERC20 to BEP20 Bridge can help the Decentralized Applications ecosystem and also be a profitable option for TAD holders.
We held Universal Bridge feature voting to decide the direction of this feature, thanks to all Tadpolers for participating in Tadpole’s voting. As the result of the voting, we agreed with the implementation of the Tadpole Finance Universal ERC20 — BEP20 Bridge feature and charge some TAD for the listing fee. By the mid of October 2021, we are thrilled to announce that one of our main features, Tadpole Finance Universal Bridge ERC-20 to BEP-20 was live!. This bridge is a tool for developers to bridge their projects and token from the Ethereum network to Binance Smart Chain.
The good news still coming in November 2021, the Borrow feature rewards were unlocked!. Users who borrow tokens/coins on Tadpole Finance got rewards in the form of TAD tokens. Of course, this makes users more excited about doing savings and lending on Tadpole Finance.
The interface on the website was also progressed by displaying the Total Value Locked (TVL) and by the end of November, there was already $5,249,918.58 of total value locked on Tadpole Finance. Also, the interface that displays the rewards was already live. It will be easier for users to find out how much the rewards they got, without having to make a reward claim.
We were glad to announce that Tadpole Finance had been integrated into Trust Wallet in November 2021. Such a good news for the users who prefer to use Trust Wallet for their crypto transactions. Trust Wallet on Android has a DApp browser built-in so you can directly interact with DApps within your wallet, and of course, you can connect to Tadpole Finance.
After running for one year, the DEX Liquidity Mining program ended in early December 2021 with 100% of 13.750.000 blocks had been created. although this program was over, don’t worry, The “Platform Liquidity Mining” program is still ongoing. You can breed more TAD and get your interest by saving and lending on Tadpole Finance.
- Finished the Developer Rewards Program.
- Got listed on Indodax, Coinmarketcap.com, and Coingecko.
- Held network expansion voting to BSC.
- TAD Bridge to BEP20 was live.
- Launched the main feature: Saving and Lending.
- Running Platform Liquidity Mining and Market Liquidation feature.
- TAD Reverse Bridge from BEP20 to ERC20 was live.
- TAD BEP20 available on Indodax.
- Held a Universal Bridge feature voting.
- Tadpole Finance Universal Bridge ERC20 to BEP20 was live.
- The Borrow feature rewards unlocked.
- Total Value Locked (TVL) and TAD rewards interface are available.
- Got integrated to Trust Wallet.
- DEX Liquidity Mining program ended in December 2021.
Thank you for your support in 2021 and wait for our next development with exciting upcoming events!
Tadpole Finance team