Monsoon Finance
Crypto Overview
Project Overview
Monsoon Finance is a decentralized trading platform built on Avalanche, focusing on perpetual futures trading with up to 30x leverage. The MCASH token serves as the platform's governance and utility token.
Purpose and Utility
The primary intended use of MCASH includes governance rights, fee sharing from trading activities, and staking rewards. Token holders can participate in protocol decisions and earn a portion of trading fees generated on the platform.
Business Model Analysis
The core business model revolves around facilitating leveraged trading and generating revenue through trading fees. The platform primarily focuses on perpetual futures trading, which inherently involves leverage and speculation.
Real-World Adoption
The platform has achieved some adoption within the DeFi space, though specific usage metrics are limited. The project maintains active development and community engagement through their social channels and documentation.
Platform Development
Development activity appears consistent, with regular updates to the protocol and documentation. The team maintains transparency through their GitHub repository and communication channels.
Crypto Impact
To assign a comfort level investing in Monsoon 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 Monsoon 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.