dHedge DAO
Crypto Overview
Purpose and Utility
dHedge is a decentralized asset management protocol built on Ethereum and Polygon that enables users to invest in various trading strategies managed by other users. The DHT token serves as the protocol's governance token, allowing holders to participate in decision-making and earn rewards through staking.
Business Model Analysis
The platform operates as a decentralized investment management protocol where managers can create investment pools, and investors can allocate assets to these pools. Managers earn performance fees based on their success, while the protocol generates revenue through platform fees.
Real World Adoption
dHedge has shown significant adoption with over $50 million in total value locked (TVL) across various investment pools. The platform has integrated with major DeFi protocols including Synthetix and Uniswap, demonstrating legitimate utility and partnerships.
Token Distribution and Governance
The DHT token distribution includes allocations for team members and early investors with appropriate vesting schedules. The team holds approximately 25% of tokens with a 2-year vesting period, indicating reasonable alignment of interests. Development activity is consistent with regular updates and improvements to the protocol.
Revenue Model Assessment
The protocol's revenue model is based on performance fees and platform fees, which are distributed to DHT stakers. While some investment strategies may involve trading activities, the core protocol itself does not engage in interest-based lending or explicitly prohibited activities.
Crypto Impact
To assign a comfort level investing in dHedge DAO 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 dHedge DAO.
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.