Asalamualekum mufti saab
I had a question regarding yield farming cryptocurrencies and whether it is permissible to invest and hold such coins for profit. Specifically Yearn finance and its 2 forks YFII and YFFI and the DeFI craze that happened a couple months ago during the summer. Jazak Allah khair
Is it halal to trade defi tokens (ANKR AAVE YFI UNI …)
Assalaamu alaykum,
We don’t review tokens on this platform.
Would it be ok to invest in defi cryptocurrencies in general instead of borrowing and lending?
Wa alaykum salaam,
Unfortunately, we do not review tokens here. I would encourage you to review the use cases, the project, the financials of the token before making any investment decision.