Oddz

Purpose and Utility

Oddz is a decentralized options trading protocol built on multiple blockchains. It aims to provide on-chain options trading with customizable strike prices and expiration dates.

Business Model Analysis

The protocol enables users to trade cryptocurrency options in a decentralized manner. The ODDZ token is used for governance, staking, and fee payments within the platform.

Development Activity and Platform Status

The project has shown limited recent development activity. While the protocol launched initially with some interest, current usage metrics indicate minimal adoption.

Token Distribution and Governance

The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. The project maintains transparent documentation regarding token allocations and vesting schedules.

Key Concerns

The primary concern from an Islamic finance perspective is that the core functionality of the protocol revolves around options trading, which typically involves gharar (excessive uncertainty) and resembles gambling-like characteristics in its implementation. While the platform itself is technologically sound, its fundamental use case aligns closely with derivatives trading that is generally considered problematic from a Shariah perspective.