WELD
Crypto Overview
Overview
WELD is a utility token designed for the Weld protocol, a platform that aims to provide cross-chain DeFi infrastructure. The token serves multiple purposes within the ecosystem, including governance rights and access to protocol features.
Utility Assessment
The primary intended utilities of WELD include: Governance participation in protocol decisions, Staking to secure the network, Fee sharing from protocol revenue, Access to premium features of the Weld protocol.
Business Model Analysis
The Weld protocol facilitates cross-chain transactions and DeFi operations. While some aspects of DeFi typically involve lending and borrowing which would be concerning from a Shariah perspective, the WELD token itself primarily functions as a governance and utility token for the protocol infrastructure.
Development Activity
The project shows consistent development activity on GitHub, with regular updates to the protocol and infrastructure. The team maintains active communication through official channels and provides regular development updates.
Token Distribution
The token distribution includes allocations for team members and early investors with standard vesting periods, which helps align long-term incentives. The majority of tokens are allocated for community initiatives and protocol development.
Crypto Impact
To assign a comfort level investing in WELD 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 WELD.
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.