LeverFi
Crypto Overview
Overview
LeverFi is a decentralized perpetual exchange protocol built on the BNB Chain. The platform allows users to trade perpetual futures contracts with up to 100x leverage.
Intended Utility
The LEVER token serves as the protocol's governance and utility token. Token holders can participate in protocol governance decisions and receive a share of protocol fees when staking LEVER tokens.
Business Model Assessment
The core business model revolves around providing leveraged trading services and generating revenue through trading fees. The protocol uses an automated market maker (AMM) model for price discovery and liquidity provision.
Actual Utility & Adoption
The platform has demonstrated actual usage with significant trading volume and active users. The protocol's smart contracts are publicly verifiable, and development activity appears ongoing based on GitHub repositories.
Token Distribution & Governance
The token distribution includes allocations for team members, early investors, and the community. Specific vesting schedules are in place to prevent immediate dumps by early holders.
Technical Implementation
The platform operates using smart contracts for trade execution and settlement. The protocol integrates with external price oracles for accurate pricing data.
Sharia Concerns
The primary concern from an Islamic finance perspective is the platform's focus on perpetual futures trading, which typically involves elements of leverage and interest-bearing positions that are problematic from a Sharia standpoint.
Crypto Impact
To assign a comfort level investing in LeverFi 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 LeverFi.
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.