LSDFi coins: are they halal?
4 LSDFi coins screened against our 27-point Shariah methodology. Open any report for pillar scores, criterion breakdowns and purification guidance.
What is LSDFi?
LSDFi refers to a subsector of decentralized finance built around liquid staking derivatives (LSDs) — tokenized representations of staked assets, such as stETH or rETH, that remain transferable and usable in DeFi while the underlying asset is locked in a proof-of-stake validator. Protocols in this category let holders use these derivative tokens as collateral for borrowing, as inputs for yield-optimization vaults, or as components in stablecoin issuance and trading pools, layering additional yield and utility on top of base staking rewards. The category encompasses liquid staking providers themselves, aggregators that route between them, and downstream protocols that integrate LSDs into lending, derivatives, and liquidity markets.
- Halal25%
- Mashbooh50%
- Haram25%
| Shariah | Riba | Gharar | Maysir | ||
|---|---|---|---|---|---|
| 136 |  PendlePENDLE | HALAL71.9 | |||
| 420 |  BabylonBABY | MASHBOOH62.1 | |||
| 1163 |  DineroDINERO | MASHBOOH52.3 | |||
| 994 |  SolayerLAYER | HARAM46.1 |
How CryptoUmmah screens LSDFi coins
As with every category we track, coins here are screened individually against our 27-point methodology across the three core pillars — riba (interest), gharar (uncertainty), and maysir (speculation/gambling) — rather than being judged by category label alone. Two coins sharing this tag can land on very different verdicts depending on their specific tokenomics, revenue model, and governance structure. Across the 4 LSDFi coins we've screened, the average Shariah compliance score sits at 58.1/100, with 25% classified Halal, 50% Mashbooh, and 25% Haram.