Across Protocol
Crypto Overview
Overview
Across Protocol is a cross-chain bridge protocol that enables fast, secure, and cost-effective token transfers between different blockchain networks. The protocol utilizes an innovative optimistic rollup architecture and a system of relayers and liquidity providers to facilitate transfers.
Intended Utility
The ACX token serves multiple purposes within the Across ecosystem: 1) It's used for protocol governance, allowing holders to vote on protocol parameters and upgrades 2) Stakers can earn rewards for securing the network 3) It incentivizes liquidity providers who help facilitate cross-chain transfers.
Actual Utility and Adoption
The protocol has demonstrated real-world utility through active cross-chain transfers and growing total value locked (TVL). The platform has processed significant transfer volume and maintains partnerships with major DeFi protocols. Developer activity remains consistent based on GitHub contributions.
Token Distribution and Founder Analysis
The token distribution includes vesting schedules for team and investors, with transparent allocation metrics. The founding team has established backgrounds in blockchain development and maintains active involvement in protocol development. Marketing efforts appear balanced with technical development.
Revenue Model and Technology
The protocol generates revenue through modest bridge fees paid by users making transfers. These fees are distributed to liquidity providers and stakers in a manner that aligns with Islamic finance principles, as they represent compensation for providing a service rather than interest-based returns.
Crypto Impact
To assign a comfort level investing in Across Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Across Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.