Tranquil Finance
Crypto Overview
Project Overview
Tranquil Finance is a DeFi protocol built on the Harmony ONE blockchain that provides lending, borrowing, and staking services. The TRANQ token serves as the governance token for the protocol and provides staking rewards to holders.
Intended Purpose & Current Usage
The TRANQ token was designed to facilitate governance of the Tranquil Finance protocol and incentivize liquidity provision. Token holders can stake TRANQ to earn protocol fees and participate in governance decisions.
Business Model Analysis
The core business model revolves around interest-bearing lending and borrowing services, which are fundamentally interest-based financial activities. The protocol generates revenue through lending fees and distributes these to TRANQ stakers.
Platform Development & Adoption
The protocol has seen active development and maintains a presence on Harmony ONE. However, the fundamental operations remain centered around lending and borrowing activities.
Token Distribution & Governance
TRANQ tokens are used for protocol governance and fee distribution. Token holders can stake their TRANQ to earn a share of protocol revenues generated from lending activities.
Crypto Impact
To assign a comfort level investing in Tranquil 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 Tranquil 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.