Gravity Finance
Crypto Overview
Overview
Gravity Finance is a decentralized finance (DeFi) protocol built on the Polygon network. It aims to provide decentralized exchange services, yield farming opportunities, and automated market making functionality.
Purpose and Utility
The GFI token serves multiple functions within the Gravity Finance ecosystem: It acts as a governance token allowing holders to participate in protocol decisions, provides liquidity mining rewards, and can be staked for platform fee sharing.
Business Model Analysis
The platform generates revenue through trading fees from its decentralized exchange operations. While the exchange functionality itself is permissible, some aspects of the platform involve interest-bearing products and lending protocols that raise Sharia compliance concerns.
Real-World Adoption
The protocol has seen limited adoption, with relatively low trading volumes and liquidity compared to larger DeFi platforms. However, it maintains an active development team and regular platform updates.
Token Distribution
The token distribution includes allocations for the team, development fund, and community rewards. There are vesting schedules in place for team tokens to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Gravity Finance 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 Gravity Finance.
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.