Filda
Crypto Overview
Overview
Filda (FILDA) is a DeFi protocol built on the Huobi Eco Chain (HECO) that enables lending and borrowing of cryptocurrencies. The platform allows users to supply assets as collateral and borrow other assets, or earn interest by lending their cryptocurrencies.
Purpose and Utility
The primary purpose of FILDA is to serve as a governance token for the Filda protocol. Token holders can participate in decision-making regarding protocol parameters, interest rates, and platform development. The token also incentivizes liquidity provision through yield farming rewards.
Business Model Analysis
The core business model revolves around cryptocurrency lending and borrowing, with users earning interest on deposits and paying interest on loans. The protocol generates revenue through lending fees and interest rate spreads.
Platform Development and Adoption
The protocol operates on the HECO chain and has shown some adoption within that ecosystem. However, recent development activity and community engagement appear to be limited based on publicly available information.
Crypto Impact
To assign a comfort level investing in Filda 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 Filda.
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.