Is Blast (BLAST) Halal or Haram?

We evaluate crypto assets across three layers: the underlying infrastructure, the core application, and the asset itself; a failure at any layer renders the asset non-compliant. The infrastructure layer passes, as Blast operates on Ethereum, a neutral, general-purpose base layer. At the asset layer, the BLAST token qualifies as recognized digital property (Mal) because it exists on-chain, has an ascertainable supply, is transferable, and carries genuine lawful utility (gas and governance), representing a native protocol position rather than a claim on an issuer. However, the asset fails at the application layer. Simply buying and holding the BLAST token is deemed Haram because the protocol's core business activity fundamentally relies on an automated, Riba-based mechanism. Specifically, the network automatically routes bridged stablecoins (USDB) into MakerDAO's on-chain T-Bill protocol to generate a 5% interest yield. Because this prohibited lending activity is central to the network's value proposition, holding the token is impermissible. Beyond simply holding the token, the protocol features several specific mechanisms. The 'Native Stablecoin Yield' is Haram and non-optional, as it automatically generates prohibited interest (Riba) via MakerDAO. Conversely, the 'Native ETH Yield' is Halal, as bridged ETH is automatically routed to Lido for Proof-of-Stake validation, which is a permissible service. The protocol also features 'Automatic BLAST Incentives,' which are Doubtful; holding BLAST automatically accrues inflation-funded incentives, a mechanism scholars debate when forced upon all holders rather than being opt-in. Finally, users can actively opt-in to 'dApp Lending,' which is Haram, as it involves lending BLAST on ecosystem applications to earn interest.