Uniwhale
Crypto Overview
Overview
Uniwhale is a DeFi derivatives platform launched in 2023 that aims to provide decentralized perpetual futures trading with on-chain settlement. The protocol operates on the Arbitrum network and utilizes the UNW token for governance and fee sharing.
Purpose and Utility
The UNW token serves multiple functions within the Uniwhale ecosystem: governance rights allowing holders to vote on protocol parameters and changes, fee sharing where token holders receive a portion of trading fees generated by the platform, and staking capabilities that provide rewards to users who lock their tokens.
Business Model Analysis
The core business model revolves around facilitating derivatives trading and generating revenue through trading fees. The platform enables leveraged perpetual futures trading, which constitutes gambling from an Islamic finance perspective as it creates zero-sum games without actual asset ownership transfer.
Platform Development and Adoption
The project maintains active development with regular updates to the protocol and trading interface. The platform has achieved notable trading volume and user adoption within the DeFi derivatives space.
Token Distribution
The token distribution includes allocations for the team, early investors, and community treasury. While specific vesting schedules are in place, the primary concern from a Shariah perspective is not the distribution but rather the underlying business model.
Crypto Impact
To assign a comfort level investing in Uniwhale 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 Uniwhale.
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.