DXdao

Halal Rating :
Questionable
Last Price $757.32 Last updated:
Rank 614
1D Change -1.23 %
Market Cap $17.77m
Circulating supply 23,470
Maximum supply None

Crypto Overview

Categories
  • DeFi
  • DAO
  • Governance
  • Polygon Ecosystem
  • Arbitrum Ecosystem

DXdao is a collective that builds and governs decentralized products and services. Its current product suite features Omen, a prediction market; Swapr, a governance-enabled AMM; Mesa, a front-running resistant DEX; and Rails, a Layer 2 payment portal. DXdao uses a reputation-based governance system; meaning that voting power is non-transferrable and cannot be bought. DXD is an ERC20 token that powers the DXdao ecosystem and has a claim on a share of all revenue from DXdao products. DXdao is fully on-chain and minimizes its reliance on third-parties, controlling its products through ENS, and managing the treasury through binding, on-chain votes. DXdao aims to bring decentralization to DeFi and build resilient financial services for the world.

Crypto Impact

To assign a comfort level investing in DXdao 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 DXdao.

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.

Justification for our Halal Rating