Tadpole Finance is a DeFi project founded by Tokenomy and Indodax. Tadpole Finance is an experimental innovation from the DeFi system. The DeFi project was founded because of the lack of DeFi project development in Asia, even though DeFi is currently developing.
Tadpole means ‘kecebong’ or ‘cebong’ in Bahasa Indonesia’. Taking his name seems funny and still reminds us that ‘cebong’ is the nickname of supporters of President Joko Widodo. This is of course to make Tadpole Finance easier to remember.
It is a DeFi platform to serve the lending process in the crypto world. However, usually DeFi projects that have emerged have limitations, namely only very limited support tokens in their money market. To list a token, the process has to go through a long governance voting and requires a political process.
Like the Compound Finance platform that uses COMP tokens, Tadpole Finance also has its own token, namely TAD with a supply of 1,000,000. TAD is an ERC-20 token that is used to organize and pay registration fees at Tadpole Finance.
At Tadpole Finance, anyone can add any ERC-20 token to the market to allow people to deposit or borrow tokens with a certain interest. The TAD token also allows holders to vote on proposals for updates or changes to the Tadpole Finance protocol.
There are several ways to earn TAD tokens. Here’s the review:
The Genesis Mining program is an initial TAD distribution that will be distributed to TEN holders. To participate in this program, you need to hold several TEN tokens and stake them via https://tadpole.finance. This program will last for 30 days.
The Liquidity Mining platform is a reward program to motivate saving and borrowing activities at Tadpole Finance. In addition to savings interest, a certain amount of TAD is distributed to both savers and borrowers according to the size of the savings & loan portion.
Dex Liquidity Mining
DEX Liquidity Mining (upcoming) is a reward mechanism to ensure the liquidity of TAD and supporting tokens is always maintained on a decentralized exchange. You can get TAD tokens by staking Uniswap LP tokens.
So, that’s one DeFi project that you can use. Hopefully you can get more benefits.