Glide Finance
Crypto Overview
Overview
Glide Finance is a decentralized exchange (DEX) protocol built on the Elastic Blockchain. It aims to provide automated market making (AMM) services, allowing users to trade tokens and provide liquidity to trading pairs.
Purpose and Utility
The GLIDE token serves as the protocol's governance token, enabling holders to participate in decision-making processes regarding protocol parameters and future developments. It is also used for trading fee discounts and liquidity mining rewards.
Business Model Analysis
The protocol generates revenue through trading fees from token swaps on its platform. This model is transparent and straightforward, with fees being distributed between liquidity providers and the protocol treasury.
Real-World Adoption
Current adoption appears limited, with relatively low trading volumes compared to major DEXes. However, the platform continues to maintain basic functionality for token swaps and liquidity provision.
Development Activity
The project shows signs of ongoing maintenance, though development activity appears modest. The core DEX functionality remains operational.
Token Distribution
Information about exact token distribution and vesting schedules is limited in public documentation.
Crypto Impact
To assign a comfort level investing in Glide 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 Glide 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.