Aave

Halal Rating :
Questionable
Last Price $96.18 Last updated:
Rank 66
1D Change -0.93 %
Market Cap $1.43b
Circulating supply 14,818,061
Maximum supply 16,000,000

Crypto Overview

Categories
  • DeFi
  • DAO
  • Yield Farming
  • Three Arrows Capital Portfolio
  • Governance
  • Lending & Borrowing
  • Blockchain Capital Portfolio
  • DeFiance Capital Portfolio
  • Framework Ventures Portfolio
  • Alameda Research Portfolio
  • Pantera Capital Portfolio
  • ParaFi Capital
  • Polygon Ecosystem
  • Fantom Ecosystem
  • Optimism Ecosystem

Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral. The protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner. Lenders can earn interest by providing liquidity to the market, while borrowers can borrow by collateralizing their cryptoassets to take out loans from the liquidity pools.

Crypto Impact

To assign a comfort level investing in Aave 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 Aave.

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.

Justification for our Halal Rating