Savanna
Crypto Overview
Overview
Savanna (SVN) is a token within the MMF DeFi ecosystem on the Cronos blockchain. It functions primarily as a reward and governance token for the Savanna Finance protocol.
Purpose and Utility
The intended purpose of SVN is to serve as a governance token for the Savanna Finance protocol and to provide yield farming opportunities through staking and liquidity provision. Users can stake SVN to earn rewards and participate in protocol governance decisions.
Business Model Analysis
The protocol's business model centers around DeFi services including yield farming and liquidity provision. The core functions involve lending and borrowing mechanisms, which are typically problematic from an Islamic finance perspective when not structured as charitable acts.
Real-World Adoption
Savanna has achieved integration within the MMF ecosystem on Cronos, though usage appears primarily focused on yield farming and lending activities.
Platform Development
The project maintains regular development updates and platform improvements, indicating active maintenance of the protocol infrastructure.
Token Distribution
Token distribution information suggests a significant portion allocated to yield farming rewards and protocol incentives, with detailed vesting schedules for team allocations.
Crypto Impact
To assign a comfort level investing in Savanna 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 Savanna.
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.