Balancer is a DeFi protocol for investors, traders, and developers. It provides products for all three of these entities. These products revolve around the Balancer Pools and its protocol. Our team has reviewed all the products. We classified Balancer as 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 | The project is expertise in DeFi providing the best solution and platform for investors, traders, and developers. As for developers, the project provides API data and SDK. Users can access both swap and liquidity pools. We have reviewed this project's process and the structure of the liquidity pool. The pool returns are from transaction fees. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token can be used for governance and as a medium of exchange. | Passed |
| Staking Method | No staking. | Passed |
Read the source document and verify project fundamentals.