EigenCloud

Restaking rewards pay for securing services at the risk of slashing, but delegators earn passively and rewards come mostly from issuance.

Riba is interest or any guaranteed increase on a loan. EigenLayer does not lend EIGEN or ETH: stakers delegate to operators who run services (AVSs), and rewards are paid for that work, with stake that can be slashed. ELIP-12 ties incentives to 'slashable and redistributable stake' securing fee-paying services. Rewards are variable, not a fixed promised return. The score is lowered within pass because a delegator earns without doing work himself and most rewards are funded by issuance; CryptoUmmah adds that restaking resembles rehypothecation.

EIGEN has a defined function: staking to secure services and resolving faults that code alone cannot prove.

This criterion asks whether the asset has real value as property (mal). EIGEN is staked to secure EigenLayer services and is designed to handle 'intersubjective' faults by forking, and it receives rewards for that work. Sharlife, the first authoritative source that rates EigenLayer, marks it compliant. The general scholarly dispute about crypto is not a coin-specific problem, so the criterion is at the maximum.

EIGEN has no chance-based payout; its value is tied to a working restaking and cloud platform.

Maysir is gambling: gaining or losing by chance rather than through productive exchange. EIGEN has no lottery-like feature, and its rewards are paid for securing services. Its price fell sharply from the December 2024 high, but ordinary price risk is not maysir. No concrete gambling mechanism was found, so the criterion is at the maximum.

Income comes from fees for security, data and computing services, with no interest-based lending.

This criterion asks how the protocol earns and whether any of that income is impermissible. Services pay rewards to operators and stakers for security, and under ELIP-12 a 20% fee on AVS rewards for subsidised stake and EigenCloud fees after operator expenses fund EIGEN buybacks. These are fees for data, computing and verification services. No interest income or other impermissible revenue was found; low revenue is a commercial weakness, not a Shariah problem, so the criterion is at the maximum.

EIGEN is used for staking to secure services and for fault resolution in a working protocol.

This criterion looks at what the asset is actually used for. EIGEN is staked with operators to secure AVSs and to back the intersubjective forking mechanism, and EigenCloud provides data, compute and verification services. These are permissible uses, and no impermissible main use was found, so the criterion is at the maximum.

Fully paid spot EIGEN is widely available and can be held in a self-custody wallet.

This criterion asks whether the asset can be owned in a permissible way. EIGEN trades spot with full payment and delivery on major exchanges and is an ordinary ERC-20 token that can be withdrawn to a self-custody wallet. Ownership does not depend on derivatives or leverage, so the criterion is at the maximum.

No concrete fraud or hack involving EIGEN is documented; the project provides security and verifiable computing services.

Maslahah weighs benefit against harm. EigenLayer and EigenCloud provide shared security and verifiable computing to other projects. No source collected documents fraud, a hack or misuse of user funds. Price falls, layoffs and the criticised airdrop are commercial or uncertainty issues counted elsewhere, so the criterion is at the maximum.