HawkFi
Crypto Overview
Project Overview
HawkFi is a DeFi protocol token that aims to provide lending and borrowing services on the blockchain. The project's main utility revolves around facilitating decentralized lending operations where users can earn rewards for providing liquidity to lending pools.
Utility Analysis
The primary function of HAWK tokens is to incentivize liquidity provision and enable platform governance. Token holders can stake their HAWK to earn additional rewards from lending operations. The platform also implements an automated market maker (AMM) system for loan matching.
Development and Adoption
The project shows active development on GitHub and has a functioning platform. However, the core functionality revolves around interest-based lending, which is a fundamental concern from a Shariah perspective.
Token Distribution
Initial token distribution allocated 30% to the founding team and advisors, 40% to the community treasury, and 30% for public sale. Team tokens have a 2-year vesting period with quarterly unlocks.
Crypto Impact
To assign a comfort level investing in HawkFi 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 HawkFi.
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.