Synapse

Halal Rating :
Questionable
Last Price $0.78 Last updated:
Rank 368
1D Change -4.24 %
Market Cap $145.48m
Circulating supply 186,180,020
Maximum supply 250,000,000

Crypto Overview

Categories
  • Interoperability
  • Three Arrows Capital Portfolio
  • Olympus Pro Ecosystem
  • Arbitrum Ecosystem
  • Optimism Ecosystem

Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains. By providing decentralized, permissionless transactions between any L1, sidechain, or L2 ecosystem, Synapse powers integral blockchain activities such as asset transfers, swaps, and generalized messaging with cross-chain functionality - and in so doing enables new primitives based off of its cross-chain architecture. At Synapse you can bridge and swap stable assets between chains and provide liquidity to fuel cross-chain swapping in pools with minimal impermanent loss.

Crypto Impact

To assign a comfort level investing in Synapse 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 Synapse.

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