Yearn is a yield aggregator for DeFi lending platforms that rebalances for highest yield during contract interaction which supports Compound, dYdX, Aave and DDEX protocols. When users put their money into the platform, it automatically transfers the assets into the protocol that has the highest yield, and returns a proof of stake called yToken. Involving in Non-Shariah element are prohibited, so we classified DFI.Money or YFII token are Non-Shariah Compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal" | Passed |
| Project | Yearn is a yield aggregator for DeFi lending platforms that rebalances for highest yield during contract interaction which supports Compound, dYdX, Aave and DDEX protocols. DFI.Money involve in lending and borrowing activities which contra in Islam. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | YFII is the token for community governance and the key to farming yields of various DeFi platforms. It is used for revenue allocation and voting in the YFII DAO. Involving in Non-Shariah element are prohibited. | Failed |
| Staking Method | No staking. The only way to get YFII is to provide liquidity to the pools (lending platforms). | Failed |
Read the source document and verify project fundamentals.