Oddz
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Oddz 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 Oddz.
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.