Peapods Finance
Crypto Overview
Overview
Peapods Finance aims to be a decentralized options protocol for stable assets, initially focusing on pegged assets like USDC, USDT, and DAI. The protocol was announced in 2023 and launched on the Arbitrum network.
Purpose and Utility
The primary stated purpose is to provide a decentralized options trading platform specifically designed for stablecoins. The protocol allows users to trade European-style options on stablecoins, with an emphasis on managing stablecoin exposure and risk.
Business Model
The platform generates revenue through trading fees from options transactions. The PEAS token serves as a governance token for the protocol, allowing holders to participate in decision-making regarding protocol parameters and future development.
Real-World Adoption
The protocol has very limited adoption at present, with minimal trading volume and liquidity. While this is not inherently problematic from a Sharia compliance perspective, it's worth noting that the platform is still in its early stages.
Development Activity
The project's GitHub repository shows moderate development activity. The team appears to be actively working on the protocol's infrastructure and making regular updates to the codebase.
Token Distribution
Initial token distribution allocates 30% to the team and advisors with a 4-year vesting period, 25% for community incentives, 20% for the treasury, and 25% for early supporters and liquidity provision.
Crypto Impact
To assign a comfort level investing in Peapods 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 Peapods 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.