Formation Fi
Crypto Overview
Overview
Formation Fi is a DeFi project that aims to create a risk-parity protocol for yield farming across multiple blockchain networks. The FORM token serves as the governance and utility token for the Formation Fi ecosystem.
Purpose and Utility
The stated purpose of FORM is to enable governance voting rights and provide access to the Formation Fi yield farming strategies. Token holders can participate in protocol decisions and access various DeFi services within the ecosystem.
Business Model Evaluation
The core business model revolves around yield optimization and risk management in DeFi. However, the project appears to have limited recent development activity and documentation available. The main concern from a Shariah perspective is that the underlying yield generation mechanisms primarily rely on interest-bearing activities and lending protocols.
Development and Adoption
There is minimal recent development activity visible on public repositories. Social media channels and community engagement appear dormant, suggesting limited ongoing development.
Token Distribution and Governance
The token distribution information and vesting schedules are not readily available in recent documentation. The project's governance mechanism implementation status is unclear based on current public information.
Crypto Impact
To assign a comfort level investing in Formation Fi 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 Formation Fi.
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.