Ratio Finance
Crypto Overview
Overview
Ratio Finance is a decentralized lending and borrowing protocol built on the Solana blockchain. The protocol aims to provide users with lending and borrowing services using cryptocurrency as collateral.
Purpose and Utility
The RATIO token serves as a governance token for the Ratio Finance protocol, allowing holders to participate in decision-making regarding protocol parameters and updates. It also provides utility through staking mechanisms and protocol fee sharing.
Business Model
The protocol generates revenue through lending and borrowing fees. Users can deposit supported cryptocurrencies as collateral to borrow other assets, with interest rates determined by supply and demand dynamics.
Platform Development and Adoption
The protocol maintains active development on the Solana blockchain, with regular updates and improvements to the lending protocol. However, as a lending platform that generates profit from interest-based activities, the core business model raises significant Sharia compliance concerns.
Token Distribution
Details about token distribution and vesting schedules are publicly available, showing allocations to team members, development fund, and community treasury. The project maintains transparency regarding token economics.
Crypto Impact
To assign a comfort level investing in Ratio 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 Ratio 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.