Tadle

Tadle is a pre-market trading protocol whose first product is a points marketplace: before a token circulates, holders can list points for sale, buyers bid in stablecoins, and settlement on the agreed date delivers the points or the corresponding claim. Matching runs on a quote book, and market makers post dynamic collateral sized to the volatility of the underlying and the length of the settlement cycle, with that collateral transferred to the counterparty on default.

Unlike peer-to-peer over-the-counter dealing, Tadle encodes settlement conditions in the contract: each points underlying maps to a rule set covering the snapshot time, conversion ratio and dispute window, while the chain records only trade price, collateral and delivery outcome, with actual point counts verified against the rules at settlement. In September 2024 the project joined the Chainlink BUILD programme and integrated CCIP to read prices across chains and synchronise settlement state; CodeHawks audited the code, covering settlement parameters and collateral conversion logic.