Balancer

Halal Rating :
Questionable
Last Price $3.56 Last updated:
Rank 282
1D Change 0.50 %
Market Cap $202.43m
Circulating supply 56,905,902
Maximum supply 96,150,704

Crypto Overview

Categories
  • Decentralized Exchange (DEX) Token
  • DeFi
  • DAO
  • Yield Farming
  • AMM
  • Three Arrows Capital Portfolio
  • Governance
  • Coinfund Portfolio
  • Alameda Research Portfolio
  • Placeholder Ventures Portfolio
  • Pantera Capital Portfolio
  • Near Protocol Ecosystem
  • Arbitrum Ecosystem
  • Optimism Ecosystem

Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor The Balancer Protocol Governance Token (BAL) are distributed to Liquidity Providers of Balancer. BALs are a key way of decentralizing the governance of the protocol such that it can remain resilient over time, protected from the failure of any single stakeholder. The proposed amount of distributed BALs to liquidity providers is 145,000 per week, or approximately 7.5M per year. This means in the first year of BAL’s existence there would be 30% supply inflation off the initially allocated supply of 25M tokens. This high rate of supply inflation is meant to kickstart the distribution of governance rights of the protocol out to those who earn it.

Crypto Impact

To assign a comfort level investing in Balancer 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 Balancer.

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