Is Velodrome Finance (VELO) halal or haram?
Not screened yet
We have not run our Shariah screening on Velodrome Finance yet, so we are not giving a ruling on this page. What is below is what we have gathered and checked ourselves, without any AI: where the coin lives, its supply, what its own blockchain says about who can freeze or create coins, and the project's own documents.
What it is
Velodrome Finance is the trading and liquidity marketplace on Optimism.
The basics
- Where it lives
- token on optimistic-ethereum
- Circulating supply
- 1,324,119,763 VELO
- Total supply
- 2,615,883,402 VELO
- Category
- Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi)
What it runs, and where its revenue goes
Per DefiLlama on 2026-09-23, Velodrome runs 3 product lines: Velodrome V3 (Dexs, $297K in fees over 30 days); Velodrome V2 (Dexs, $109K in fees over 30 days); Velodrome V1 (Dexs, $218 in fees over 30 days).
Per DefiLlama on 2026-09-23, $382K reached Velodrome token holders in the last 30 days (Velodrome V3 $274K, Velodrome V2 $107K, Velodrome V1 $218). How, in DefiLlama's words: The share of swap fees that goes to veVELO voters: everything earned by liquidity staked in a gauge, plus the rake taken from unstaked liquidity.
Figures from DefiLlama. Whether any of this income is permissible is part of our screening.
Who controls the coins
Read from the token's verified contract on Optimism (0x9560e827af36c94d2ac33a39bce1fe78631088db) on 2026-09-23: it has mint (held by the contract Minter (0x6dc9…0982)), setMinter (held by the contract Minter (0x6dc9…0982)); what these allow is checked at screening.
Whether anyone can freeze a holder's balance, or create new coins, is part of our screening. This much is read straight from the blockchain, so it is already established before any screening runs.
The project's own sources
Checked on 23 September 2026. Every address above was fetched once to confirm it loads.