HAPI Protocol

Purpose and Utility

HAPI Protocol is a cybersecurity protocol designed to prevent malicious activities in the DeFi space by providing on-chain data security solutions. The HAPI token is used for governance and staking within the protocol's security oracle system.

Business Model

The protocol offers blockchain security services including: risk scoring for cryptocurrency addresses, tracking of malicious activities, and a decentralized security oracle. Validators stake HAPI tokens to participate in the network's security operations.

Real-World Adoption

HAPI has established partnerships with several blockchain projects including CasperLabs and SiennaNetwork. The protocol is actively used by various DeFi platforms to enhance their security measures.

Development Activity

The project maintains active development with regular updates to its security infrastructure. The team frequently releases technical updates and maintains transparency in their development process through public GitHub repositories.

Token Distribution

The token distribution includes allocations for team members, development fund, and public sale participants. Team tokens are subject to a vesting schedule to ensure long-term alignment with project goals.

Technology Assessment

The core technology focuses on security infrastructure and does not involve interest-bearing mechanisms or lending. The protocol's primary function of providing security services aligns with Islamic principles as it creates genuine utility in protecting users' assets.