MatrixETF
Crypto Overview
Project Overview
MatrixETF (MDF) is a blockchain project focused on creating tokenized ETF-like products on the blockchain. According to their documentation, the project aims to provide decentralized exposure to various asset classes through synthetic tokens.
Utility Analysis
The primary utility of MDF tokens appears to be governance rights over the MatrixETF protocol and providing liquidity to the platform's trading pools. Token holders can participate in protocol decisions and earn rewards for contributing to liquidity pools.
Business Model Evaluation
The project's core business model revolves around creating and managing synthetic asset pools that track real-world assets. This involves actual token ownership and value exchange, which aligns with halal principles of trade.
Development and Adoption
The project shows active development on their GitHub repository, with regular commits and updates to the protocol. While adoption is still in early stages, this doesn't impact the halal assessment of the project.
Token Distribution
According to available data, the token distribution includes: 30% for community incentives, 25% for the team (with a 2-year vesting period), 20% for ecosystem development, 15% for liquidity provision, and 10% for early investors.
Crypto Impact
To assign a comfort level investing in MatrixETF 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 MatrixETF.
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.