Is Convex (CVX) Halal or Haram?
Shariah compliance review of Convex (CVX) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Non-Comfortable
Convex is designed to support the Curve platform, which includes lending activities.
Staking verdict: Non-Comfortable
There is no Proof-of-Stake consensus protocol. "Staking" of the tokens on the platform has grey areas. It is better to avoid it considering the status for trading.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.