Cat Finance
Crypto Overview
Overview
Cat Finance (CAT) is a community-driven DeFi project created on the Binance Smart Chain (BSC). The project claims to be a decentralized protocol for users to engage in yield farming and liquidity provision.
Purpose and Utility
The stated purpose of CAT is to provide a platform for decentralized trading and yield farming. The token serves as both a governance token for protocol decisions and a means of participating in the platform's yield farming operations.
Business Model Analysis
The platform's core functionalities include: Liquidity provision on decentralized exchanges, Yield farming opportunities, Governance rights for token holders. The current usage aligns with these stated purposes, though trading appears to be the dominant activity.
Real-World Adoption
The project shows moderate trading activity on decentralized exchanges, primarily on PancakeSwap. While the trading volume indicates active usage, the yield farming and governance aspects show limited adoption.
Platform Development
The project maintains an active GitHub repository with regular updates to smart contracts and platform infrastructure. The development team appears to be actively maintaining and improving the protocol.
Token Distribution
Token distribution information indicates: 40% for public sale, 25% for liquidity provision, 20% for ecosystem development, 15% for team and advisors. Team tokens are subject to a 12-month vesting period with monthly unlocks.
Crypto Impact
To assign a comfort level investing in Cat Finance 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 Cat Finance.
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.