DeFiPie
Crypto Overview
Overview
DeFiPie is a decentralized finance (DeFi) platform that aims to provide various financial services including lending, borrowing, and token swapping on the Binance Smart Chain. The project was launched in 2020.
Purpose and Utility
The PIE token is primarily used as a governance token for the DeFiPie platform, allowing holders to participate in protocol decisions. It also serves as a utility token within the ecosystem, providing fee discounts and rewards for platform usage.
Business Model Analysis
The core business model revolves around lending and borrowing services, which are interest-based financial activities. The platform enables users to earn yields through lending pools and participate in token swaps.
Development and Adoption
Recent investigation shows minimal development activity on the project's GitHub repositories. The platform has seen limited adoption, with relatively low trading volumes and user activity.
Token Distribution
Information about token distribution and vesting schedules is not readily available, which raises transparency concerns.
Crypto Impact
To assign a comfort level investing in DeFiPie 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 DeFiPie.
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.