Is yearn.finance halal?
yearn.finance is a crypto token whose public tags give little detail about what it does. It is issued as a token on Ethereum.
yearn.finance does not clear every threshold of our screen. Its weakest point is the Riba-free criterion (55 out of 100). Tagged with yield farming. Yields often come from lending or leverage elsewhere in DeFi.
Shariah screen result
mean of the five criteria
Tagged with yield farming. Yields often come from lending or leverage elsewhere in DeFi.
Fairly small (market value about $78.5 million). Smaller markets move more easily.
Nothing in its public tags points to gambling-style mechanics.
Its tags do not describe a clear asset or service underneath the token.
Its purpose is not clear from public data.
How this was made: we scored the coin's public category tags and market size against the same five criteria and thresholds we use in our reviewed screen. Nobody has yet read its whitepaper or checked its revenue. This is a screening result, not a fatwa. Scholars may reach different views, so check with a qualified scholar before relying on it.