Manifold Finance
Crypto Overview
Overview
Manifold Finance is a blockchain protocol designed to optimize MEV (Maximal Extractable Value) and provide infrastructure for DeFi applications. The FOLD token serves as the protocol's governance token and provides holders with a share of the protocol's revenue.
Purpose and Utility
The primary purpose of FOLD is to serve as a governance token for the Manifold Finance protocol, allowing holders to participate in decision-making processes. Additionally, token holders receive a portion of the protocol's revenue generated from MEV optimization services and infrastructure provisions.
Business Model Evaluation
The protocol's business model centers around providing MEV optimization services and blockchain infrastructure. While the technical aspects of MEV extraction and optimization are permissible from a Shariah perspective as they involve actual value creation and exchange, some concerns arise regarding the protocol's integration with DeFi lending protocols.
Adoption and Usage
The protocol has established partnerships with various blockchain projects and continues to develop its infrastructure. However, the primary utility remains centered around MEV optimization and DeFi infrastructure services.
Development Activity
The project maintains active development on GitHub and regularly updates its infrastructure. The team continues to expand the protocol's capabilities and optimize its services.
Token Distribution
The token distribution appears to be relatively concentrated, with significant portions allocated to the team and early investors. However, there are vesting schedules in place to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Manifold 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 Manifold 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.