Is LDO (Lido DAO (LDO)) halal?

Q: Is LDO (Lido DAO (LDO)) halal?

HARAM: Liquid staking protocol — facilitates staking yields which resemble riba. Lido enables liquid staking of Ethereum. Provides stETH which generates staking rewards. These yield-bearing mechanisms are considered riba by many scholars.

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LDO

Lido DAO (LDO)

HARAM

Score: 10/100

crypto

Is LDO Halal?

Liquid staking protocol — facilitates staking yields which resemble riba.

What You Should Know

Lido enables liquid staking of Ethereum. Provides stETH which generates staking rewards. These yield-bearing mechanisms are considered riba by many scholars.

⚠️ Concerns

•Staking yields (riba)
•Governance token for riba protocol

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