Helmet.insure
Crypto Overview
Purpose and Utility
Helmet.insure is a protocol for creating peer-to-peer options trading strategies and insurance on BSC and Ethereum networks. It aims to provide decentralized coverage options for crypto assets.
Business Model Analysis
The protocol operates by allowing users to create and trade option strategies. The HELMET token is used for governance and staking within the protocol's ecosystem. Users can stake HELMET tokens to participate in the protocol's insurance pools and earn rewards.
Real-World Adoption
The protocol has seen limited adoption, with most activity centered around trading on decentralized exchanges. While the insurance and options trading functionality exists, usage remains relatively low compared to other DeFi protocols.
Platform Development
Development activity appears to be ongoing, though at a moderate pace. The project maintains its core functionality but hasn't shown significant expansion in recent periods.
Token Distribution
The token distribution includes allocations for the team, development fund, and public sale participants. Specific vesting schedules are in place for team tokens to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Helmet.insure 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 Helmet.insure.
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.