MRHB DeFi Backed by Polygon Technology to Build New Decentralised Philanthropy Protocol DePhi
MRHB DeFi Backed by Polygon Technology to Build New Decentralised Philanthropy Protocol DePhi in World's 1st Halal Ecosystem
"Polygon has become one of the leading full-stack scaling solutions for Ethereum, given its speed and scalability,"
The Polygon team has been enthusiastic in its support of the ethics-based startup, recognizing that MRHB DeFi is the first Islamic finance d'App. Polygon has agreed to support MRHB DeFi's plan to develop a sidechain solution that opens up DeFi to millions globally. The two parties have recently signed an agreement which puts into writing their aim to bring philanthropy to the crypto space, stating that:
- MRHB DeFi intends to build its DePhi (Decentralised philanthropy)
- With this solution, MRHB intends to catalyse the crypto philanthropy ecosystem, with focus on being the first mover in channelling the annual Zakat contributions of the Islamic World (est. USD 300 billion annually)
Quadratic funding is a technique that applies mathematics to ensure the optimal funding - more democratic, more scalable - of community and social, charitable initiatives.
Bringing Philanthropy - a Key Pillar of the Islamic Faith - to DeFi
DePhi forms a key part of MRHB DeFi's strategic plans for its protocol. As part of MRHB's approach to supporting a more ethical and community focused approach to decentralized finance, DePhi seeks to bring a key pillar of the Islamic faith -- charity or zakat -- to what is still a sector driven by self-interest. Once the DePhi protocol is implemented, MRHB DeFi users will have the option to send a portion of their crypto asset wealth to charities which would be linked to the platform, thus fulfilling their voluntary or faith-driven obligations.
read full press release: https://www.prpocket.com/