Trisolaris
Crypto Overview
Overview
Trisolaris is a decentralized exchange (DEX) built on the NEAR Protocol's Aurora network. It functions as an automated market maker (AMM) that allows users to trade tokens and provide liquidity to trading pairs. The TRI token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and development.
Purpose and Utility
The primary purpose of TRI is to facilitate governance of the Trisolaris protocol and incentivize liquidity provision through yield farming rewards. Token holders can stake TRI to earn a share of trading fees and participate in governance decisions.
Business Model Analysis
The protocol generates revenue through trading fees, with a portion distributed to liquidity providers and TRI stakers. The core business model revolves around facilitating decentralized trading and liquidity provision, which aligns with halal principles as it involves actual asset exchange and value creation.
Real-World Adoption
Trisolaris has established itself as one of the primary DEXs on Aurora, with active trading volumes and liquidity pools. The platform maintains regular development updates and community engagement through its governance system.
Token Distribution
The token distribution includes allocations for liquidity mining rewards, team members, and development fund. Team tokens are subject to vesting periods to ensure long-term alignment with the protocol's success.
Development Activity
The project maintains active development with regular updates to the protocol and user interface. The team consistently implements community-approved proposals and security improvements.
Islamic Finance Considerations
The core functions of token trading and liquidity provision involve real asset exchange and do not constitute gambling. The protocol does not inherently involve interest-bearing products or lending, though users should be cautious about participating in lending pools if available on the platform.
Crypto Impact
To assign a comfort level investing in Trisolaris 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 Trisolaris.
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.