Sishi Finance
Crypto Overview
Purpose and Utility
Sishi Finance aims to be a decentralized yield farming optimization platform built on the Ethereum blockchain. The SISHI token serves as a governance token within the ecosystem, allowing holders to participate in decision-making regarding the platform's development and parameters.
Business Model Analysis
The project's core functionality revolves around yield farming and automated portfolio management. The platform aggregates different DeFi protocols to optimize yields for users. This model inherently involves interest-bearing mechanisms and lending protocols, which raises significant concerns from an Islamic finance perspective.
Platform Development and Adoption
Research indicates very limited recent development activity on the project's GitHub repositories. The platform appears to have minimal active users, and there is little evidence of substantial real-world adoption of the intended use cases.
Token Distribution
Information about token distribution and vesting schedules is not readily available, which raises transparency concerns. The project's documentation lacks clear details about the allocation of tokens between team members, investors, and the community.
Crypto Impact
To assign a comfort level investing in Sishi 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 Sishi 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.