Yield Protocol
Crypto Overview
Overview
Yield Protocol aims to provide fixed-rate borrowing and lending on the Ethereum blockchain through a tokenized protocol. The YIELD token serves as a governance token for the protocol.
Purpose and Utility
The primary purpose of Yield Protocol is to facilitate fixed-rate lending and borrowing of assets. Users can borrow assets at fixed rates by providing collateral, while lenders can earn fixed yields on their deposits.
Business Model Evaluation
The core business model revolves around interest-based lending and borrowing, which fundamentally involves riba (interest). The protocol generates revenue through fees from lending and borrowing activities.
Adoption and Usage
The protocol has seen limited adoption within the DeFi ecosystem. The primary use of the YIELD token has been for governance voting and trading on secondary markets.
Development Activity
The project maintains active development with regular updates to the protocol. The team continues to work on improving the lending and borrowing mechanisms.
Token Distribution
Information about token distribution metrics and vesting schedules is publicly available through the project's documentation and blockchain data.
Crypto Impact
To assign a comfort level investing in Yield Protocol 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 Yield Protocol.
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.