stake.link
Crypto Overview
Overview
StakeLink (SDL) is the native token of the StakeWise V3 ecosystem, a decentralized liquid staking protocol for Ethereum. The token serves as a governance and utility token within the StakeWise protocol.
Purpose and Utility
The primary purpose of SDL is to facilitate governance of the StakeWise protocol and incentivize participation in the ecosystem. Token holders can participate in protocol governance decisions and earn rewards for contributing to the network's security and operations.
Business Model Analysis
The business model revolves around decentralized staking services and protocol governance. The core operations involve legitimate technological infrastructure for Ethereum staking, which aligns with halal principles as it provides real utility in securing the network.
Real-World Adoption
StakeLink has demonstrated adoption within the Ethereum staking ecosystem, with actual usage for governance and protocol participation. The token has clear utility within its ecosystem, though adoption remains in early stages.
Development Activity
The project maintains active development, with regular updates to the protocol and ecosystem. The development team continues to enhance the platform's capabilities and infrastructure.
Token Distribution and Governance
The token distribution includes allocations for community incentives, team members, and protocol development. While exact distribution details may vary, the token serves genuine utility purposes within the ecosystem.
Crypto Impact
To assign a comfort level investing in stake.link 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 stake.link.
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.