Equilibrium
Crypto Overview
Purpose and Utility
Equilibrium (EQ) is the native token of the Equilibrium blockchain platform, which aims to create a cross-chain money market and decentralized exchange. The platform is built on Substrate, part of the Polkadot ecosystem, and enables cross-chain lending, borrowing, and trading.
Business Model Analysis
The core business model revolves around providing liquidity and facilitating cross-chain operations. However, the primary focus on lending and borrowing activities raises significant concerns from an Islamic finance perspective, as these operations typically involve interest-based (riba) transactions.
Real-World Adoption
The platform has achieved some adoption within the Polkadot ecosystem, though current usage metrics are relatively modest. The project maintains active development and has established partnerships within the Polkadot ecosystem.
Platform Development
There is ongoing technical development, with regular updates to the protocol and active GitHub repositories. The team maintains transparency in their development process through public roadmaps and technical documentation.
Token Distribution
The token distribution includes allocations for the team, early investors, and community incentives. While specific vesting schedules are in place, the primary concern remains the fundamental nature of the platform's operations.
Crypto Impact
To assign a comfort level investing in Equilibrium 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 Equilibrium.
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.