Hashflow (HFT)

Use Case of Hashflow

Hashflow is designed to enable efficient and capital-friendly trading of perpetual options on the Ethereum blockchain. It allows users to:

• Trade perpetual put and call options without expiry dates, giving full control over when to exit positions.
• Create options markets on any token with a Uniswap pool, without needing external price oracles.
• Use up to 10× leverage for capital-efficient exposure with built-in risk controls.
• Manage portfolios with netted margining, enabling complex strategies like straddles and spreads with less capital.
• Deposit into curator-managed vaults that run options strategies to earn yield passively.
• Benefit from modular risk engines tailored to different asset classes, supporting a wide range of tokens.

Hashflow provides a non-custodial, oracle-free, and fully on-chain platform for trading, earning, and managing options strategies, backed by institutional partners and built for DeFi users. For more details, visit https://panoptic.xyz/.

Pros

• Perpetual options with no expiry dates, allowing holders to manage positions on their own terms.
• Permissionless creation of options markets on any asset with a Uniswap pool, without relying on external oracles.
• Up to 10× leverage for capital-efficient trading with built-in risk controls.
• Portfolio-aware margining that nets positions to create capital-efficient, defined-risk strategies.
• Vaults managed by curators that run sophisticated options strategies, enabling passive yield earning.
• Modular risk engines tailored to different asset classes, supporting a wide range of tokens.
• Non-custodial design where users keep control of their keys and funds.
• Oracle-free pricing derived from Uniswap liquidity, reducing manipulation risks.
• Open-source code with multiple security audits and formal verification for transparency and trust.

Cons

• The platform is currently launching on Ethereum mainnet first, with multi-chain expansion planned but not yet available.
• Active trading strategies may require understanding of options and leverage, which can be complex for beginners.
• Vault management and strategy curation involve performance fees for vault managers.

Founders

Hashflow was founded by Varun Kumar, Victor Ionescu, and Vinod Raghavan.

Roles

Varun Kumar is the Founder and CEO, Victor Ionescu is the Co-Founder and CTO, and Vinod Raghavan is the Co-Founder and COO.

Main Investors

Hashflow has raised a total of $28.2 million from 29 investors. Key investors include Jump Crypto, Wintermute Trading, GSR, Kronos Research, Electric Capital, Coinbase Ventures, Kraken Ventures, Fabric Ventures, Evernew Capital, Spacewhale Capital, LedgerPrime, Balaji Srinivasan, Dragonfly Capital Partners, Altonomy, and QCP.

Angel Investors

Notable angel investors are Meltem Demirors, Anthony Sassano, Tatiana Koffman, and Jason Choi.

Investment Rounds

• Seed round raised $3.2 million with investors like Electric Capital and Alameda Research.
• Series A round raised $25 million led by Kronos Research, Electric Capital, and others.

For more details, visit https://panoptic.xyz/.

Shariah Compliance

Hashflow operates as a decentralized exchange with a transparent business model that does not involve interest-bearing activities or prohibited industries. It connects traders directly with professional market makers and generates revenue through trading fees distributed among participants.

Financial Screening

The protocol's model avoids interest (riba) and activities considered haram, aligning with Islamic finance principles. It uses a request-for-quote system that ensures fair pricing without excessive uncertainty (gharar).

Conclusion

Yes, Hashflow is considered halal because it follows transparent, ethical business practices without involving interest or prohibited industries.