Liqwid Finance
Crypto Overview
Overview
Liqwid Finance is a decentralized lending protocol being built on the Cardano blockchain. The LQ token is designed to serve as a governance token for the Liqwid protocol, giving holders voting rights over protocol parameters and treasury management.
Purpose and Utility
The primary stated purpose of the LQ token is to facilitate decentralized governance of the Liqwid protocol. Token holders can participate in voting on protocol upgrades, risk parameters, and treasury allocations.
Business Model Evaluation
The core business model revolves around decentralized lending and borrowing services, which generally involves interest-based transactions. While the governance utility itself is permissible, the underlying protocol activities primarily consist of interest-bearing lending services.
Development Activity
The project shows active development on GitHub and regular updates to the protocol. The team maintains transparency about their development progress through detailed documentation and community updates.
Token Distribution
The token distribution includes allocations for the founding team, early investors, and the community treasury. Specific vesting schedules are in place to prevent immediate selling by early holders.
Crypto Impact
To assign a comfort level investing in Liqwid 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 Liqwid 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.