Please head to our Github to read the full audit report: https://github.com/towerfinance/tower-v2-solidity/tree/main/audit Due to the unexpected technical issues, we had to delay our launch for about 2 hrs and 30 mins, but it was an inevitable postponement. Sorry for those who have been waiting for us, and thank you for your patience and understanding. The website will go live at 8:30 am UTC, and farms will be made accessible at 9:00 UTC.

BOOOOM! Finally, Tower begins on Feb 14th, at 6 am UTC. (Yes, this is how web3 ppl celebrate valentine’s day. 😘 Much love!). Contracts have been audited by Entersoft (The audit report will be released soon), and we highly recommend you read through the Gitbook docs, medium articles, and other information also in the 🔍│learn-tower channel of our Discord server, for your deeper understanding of its mechanism.

Our director @Tokyo successfully led yesterday’s AMA session hosted by our partner Satoshi Club, and these are the key takeaways from it. We sincerely appreciate all of you for your participation and support throughout the event, and we were thrilled to meet more than 20.8k users online and give answers to some of the most thoughtful & meaningful questions that were raised by our community. — TL;DR Tower Finance is an algorithmic stablecoin project that integrates DeFi 2.0, built on Polygon network. It aims to solve the problem of what is known as the stablecoin trilemma. (For more details, read our medium article “Introducing Tower Finance”.)

We are thrilled to announce that we are having an AMA session on February 8th 2022 at 11:00 AM UTC! We understand that AMA is super-tower-important to improve engagement and communication within our community. The whole Tower team has been working very hard to ensure the security and stability of…

The buzz around DeFi 2.0 and algorithmic stablecoins is reaching every nook and cranny of the crypto industry. Tower Finance is perhaps their offspring, taking advantage of key innovations from both sides to increase its stability and sustainability. Introduction With the introduction of Uniswap v3 and its newly bred concept of…

Entering alpha testing After wrapping up contracts and UI integration, now we are getting ready to test. Since most of the V2 functions are new, the test should be essential. This test will be done as the same environment with the real one. Through this test, we can expect to figure out not the errors of functionality but some vulnerable points. The test will be proceeded for about 2 weeks. Find Us

Wrapping up contracts, beginning UI In this week in development of Tower Protocol, we are wrapping up the smart contract code with tons of tests. Yay! We takes security seriously so we are heavily focusing our time to minimize the possible loophole in the contract code. In addition, we are beginning to work on the web UI. The goal is to reduce UX friction interacting with the contract, not only to make it more intuitive, but also to prevent erroneous user input. However, we wouldn’t want to just rewrite everything and make a huge revamp because it can cause overhead for the user to get familiarize with the new version. That is another friction we want to avoid. Next week, we will entering alpha testing phase after we do contracts and UI integration.

Profit Manager This week we have been working on profit manager. Its job is to collect profit of Tower Protocol and distribute back to CUBE staking pool. The sources of profit tentatively include fee collector, collateral investor, arbitrager and penalty manager. Within the total amount of CUBE from the profit, 80% of it will be distributed to staking pool and 20% will be burnt. We expect the burning process would reduce CUBE total supply. In the future, this 20% burn ratio can be adjusted based on the voting decision of CUBE stakers.

CUBE and TWR There are only two hard things in Computer Science: cache invalidation and naming things. This week the dev team has made a major breakthrough: naming the new token. Tower V2 protocol’s new governance token will be officially named: Cube(CUBE). It will entirely replace the old IVORY token as the governance…