Akropolis Delphi
Crypto Overview
Purpose and Utility
Akropolis Delphi (ADEL) was launched as a DeFi protocol focusing on yield generation and capital preservation through automated yield farming strategies. The ADEL token serves as a governance token for the protocol, allowing holders to participate in decision-making regarding protocol parameters and treasury management.
Business Model Analysis
The protocol's core functionality revolves around yield optimization and DeFi strategies. While the base technology of yield optimization itself isn't problematic from a Shariah perspective, the implementation involves interest-based lending and borrowing mechanisms which are not compliant with Islamic finance principles.
Platform Development and Adoption
The project has seen limited development activity in recent periods, with most recent updates focusing on maintenance rather than new feature development. The protocol's TVL (Total Value Locked) has significantly decreased since its peak, indicating reduced user adoption.
Token Distribution and Governance
The token distribution includes allocations for the team, early investors, and the community. While the exact current distribution is not publicly available, the governance mechanism remains active, allowing token holders to participate in protocol decisions.
Revenue Model Assessment
The primary revenue streams come from yield farming strategies that involve lending and borrowing activities in the DeFi space. These activities fundamentally rely on interest-based mechanisms, which are not permissible under Islamic finance principles.
Crypto Impact
To assign a comfort level investing in Akropolis Delphi 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 Akropolis Delphi.
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.