This morning I bought $TND @tender_fi π΅οΈββοΈ
Its a borrowing and lending protocol fair launched on $ARB yesterday.
Lets dive in why this could do numbers short-term, a π§΅
Its a borrowing and lending protocol fair launched on $ARB yesterday.
Lets dive in why this could do numbers short-term, a π§΅
1)Use case
Within the DeFi space billions of crypto assets are locked and unused. Tender is creating a platform to use these tokens as collateral and borrow against them.
Within the DeFi space billions of crypto assets are locked and unused. Tender is creating a platform to use these tokens as collateral and borrow against them.
So far nothing new. The new key feature they are introducing is an auto compound vault for specialty assets, starting with $GMX and $GLP.
The product is fully open source, audited and already live.
Check it here app.tender.fi
Check it here app.tender.fi
2)Tokenomics
The total amount of tokens is 10 million, the distribution can be seen in the picture below.
Although the picture shows 2M tokens to be directly available, the team personally confirmed to me that only 1M is in circulation right now. Making a MC of around 700k.
The total amount of tokens is 10 million, the distribution can be seen in the picture below.
Although the picture shows 2M tokens to be directly available, the team personally confirmed to me that only 1M is in circulation right now. Making a MC of around 700k.
That only 10% is in circulation doesnβt bother me because of how this is set up. Most of the tokens are vested for long periods including a 6-month cliff, so basically no token unlocks for the foreseeable future.
3)Team
The interesting thing here is that for once the team if fully doxxed, which is a good thing and gives trust.
The team is composed of serial-entrepreneurs with experience in TradFi and Crypto.
For more detailed info see tender-fi.gitbook.io
The interesting thing here is that for once the team if fully doxxed, which is a good thing and gives trust.
The team is composed of serial-entrepreneurs with experience in TradFi and Crypto.
For more detailed info see tender-fi.gitbook.io
4)Partners
They already have interesting partnerships. Especially the ones with $ARB and $GMX are impressive and will help to propel the use of the platform and the specialty vaults, starting with $GMX and $GLP.
Also, the partnerships with $AVAX and @immunedefi are noteworthy.
They already have interesting partnerships. Especially the ones with $ARB and $GMX are impressive and will help to propel the use of the platform and the specialty vaults, starting with $GMX and $GLP.
Also, the partnerships with $AVAX and @immunedefi are noteworthy.
5)@Binance incubation program
Besides the partnerships, they already got some visibility because they were selected for the Binance incubator, the BNB chain Most Valuable Builder (MVB) program.
A total of 26 projects were selected, with $TND being one of the 4 DeFi projects.
Besides the partnerships, they already got some visibility because they were selected for the Binance incubator, the BNB chain Most Valuable Builder (MVB) program.
A total of 26 projects were selected, with $TND being one of the 4 DeFi projects.
6)Thoughts
I really like how this has been set up, professional approach with good execution so far.
They have made the right partnerships to gain traction in the Arbitrum ecosystem and the Binance incubator program will help accelerate building the product and gaining usage.
I really like how this has been set up, professional approach with good execution so far.
They have made the right partnerships to gain traction in the Arbitrum ecosystem and the Binance incubator program will help accelerate building the product and gaining usage.
All in all, I could see this going x10 short term easily. Making it a $7M MC, nothing crazy.
8)Who is already speaking about it?
@ChadCaff
@CrossChainAlex
@0xUnihax0r
@alchemi78326774
@pswolecrypto
@ChadCaff
@CrossChainAlex
@0xUnihax0r
@alchemi78326774
@pswolecrypto
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