Tarot
Crypto Overview
Overview
Tarot is a decentralized lending protocol built on the Fantom blockchain that enables leveraged yield farming. The protocol allows users to provide liquidity to various liquidity pools and borrow against their positions to increase potential yields.
Purpose and Utility
The TAROT token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and development. It also captures protocol fees which are distributed to token holders who stake their TAROT.
Business Model Analysis
The core business model revolves around lending and borrowing activities, with users able to leverage their positions up to 3x. The protocol generates revenue through borrowing fees and liquidation fees.
Current Usage and Adoption
The protocol has seen varying levels of usage on the Fantom network, with multiple active lending pools. However, the primary utility centers around lending and borrowing activities for yield generation.
Development Activity
The project maintains an active GitHub repository with ongoing development work, though at a moderate pace. The team continues to manage the protocol and implement updates to the lending mechanisms.
Crypto Impact
To assign a comfort level investing in Tarot 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 Tarot.
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.
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