Is Yei Finance halal?
Yei Finance is the token of a crypto lending and borrowing protocol. It is issued as a token on Sei V2.
Yei Finance fails a hard rule of our screen on the Riba-free criterion (20 out of 100). Tagged as a lending or borrowing protocol. Interest-based lending is riba, and the token earns from it.
Shariah screen result
mean of the five criteria
Tagged as a lending or borrowing protocol. Interest-based lending is riba, and the token earns from it.
Small (market value about $18.5 million). Thin trading adds uncertainty (gharar).
Nothing in its public tags points to gambling-style mechanics.
The token is used to pay for or secure a service people actually use.
Spot trading can be permissible, but the platform's full business needs checking.
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.