Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Name : Velodrome Finance (VELO)
VELO Price : $0.03000 -0.33%
Consensus Mechanism : ERC20
Volume: 3,263,636
Market Cap: 27,791,246
Shariah Judgement
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Shariah Status :
Last Screening: Q4 2024
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Overview
Velodrome Finance is an innovative automated market maker (AMM) that integrates the advantages of Curve, Convex, and Uniswap to act as a liquidity hub for the Superchain. Its unique model incorporates NFTs that allow holders to vote on token emissions while also earning incentives and fees from the protocol. Velodrome has been audited by Spearbit, ensuring its reliability and security within the decentralized finance landscape.
Whitepaper & Documents
COMMENTS
1 Comments
nu ra
4 months agosalam, $velodromefi can still be halal even though $velo isn’t ?
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Adnin Ar-Rujail
nu ra
Velo has not yet undergone a rescreening process, and its status may change following this review. This is due to a recent Shariah decision by the Shariah Committee in its latest meeting, where it was determined that Shariah rulings on crypto lending require a detailed, case-by-case Shariah assessment and cannot be automatically classified as non-compliant.
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