Solend

Halal Rating :
Questionable
Last Price $0.53 Last updated:
Rank 872
1D Change -3.85 %
Market Cap $20.42m
Circulating supply 38,607,536
Maximum supply 100,000,000

Crypto Overview

Categories
  • DeFi
  • Solana Ecosystem
  • Lending & Borrowing

Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana. Think Aave or Compound on Solana. Solend allows anyone with an internet connection to earn interest by lending their assets, and allows them to use their deposits as collateral for borrowing. Solend's backers include Polychain, Dragonfly, Race, Coinbase Ventures, Solana Ventures, Alameda Research, Stani from Aave, Antonio from dYdX, Balaji Srinivasan, Hart from UMA, 0xMaki, Julian from Ribbon, DCFGod, Petrock, Epsilon Trading, and others.

Crypto Impact

To assign a comfort level investing in Solend 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 Solend.

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.

Justification for our Halal Rating