Granary
Crypto Overview
Granary is a lending protocol built on the Base blockchain that enables users to lend and borrow cryptocurrency assets. The GRAIN token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and upgrades.
The primary purpose of Granary is to facilitate cryptocurrency lending and borrowing services, where users can deposit assets to earn yield or borrow against their collateral. This core function involves interest-bearing activities, which is fundamental to the protocol's operation.
The protocol has demonstrated actual usage since its launch, with verifiable lending and borrowing activities occurring on-chain. The development team maintains regular updates to the protocol, showing active maintenance and improvement of the platform.
Token distribution information shows that team tokens have vesting periods, indicating some level of long-term alignment. However, the fundamental business model revolves around lending and borrowing cryptocurrency assets for profit, which is the core utility of the protocol.
Crypto Impact
To assign a comfort level investing in Granary 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 Granary.
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.