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MRHB to Release Major Halal DeFi Solutions for Passive Crypto Income, Commodity Exchange & Staking
"MRHB DeFi Network has a very strong roadmap to rapidly build out a full-featured DeFi ecosystem of ethical and halal finance solutions. The developments we are rolling out this summer will bring a wide array of functionality and utility to our platform, which we are very excited to present to our community," said Naquib Mohammed, the project's CEO and founder.
"Whether the markets are up or down, MRHB continues to #BUIDL and contribute to the development of the overall blockchain ecosystem. We are 100 percent committed to our revolutionary long term vision – MRHB will emerge a leader from a crowded sea of projects," declared Naquib.
'Truly Halal' DeFi Solutions: Liquidity Harvester, M.I.R.O. and CommDex
The two new but highly anticipated crypto wealth products launching in Q3 - Q4 include the Liquidity Harvester for generating passive income/wealth and M.I.R.O. (Marhaba Incentivization & Reward Offerings), the world's first halal DeFi staking solution.
Architect of the MRHB DeFi solutions, Deniz Dalkilic, CTO of MRHB, explained:
"Our tech team has spent almost 6 months with the Shariah Governance Board ('SGB') to find crypto solutions that are truly halal in substance — not just in form."
Many income products in crypto rely on interest-based borrowing and lending strategies which are seen as usurious and possibly exploitative in the ethics focused ecosystem.
Deniz continued, "Instead, we will use a very different approach for our end users where they can harvest rewards from the different underlying protocols that are deemed halal by the SGB. The Harvester will also provide the option of manual (active) or automated (passive) functions and if you participate in the staking program, you can access better options or are given early access to certain VIP strategies, as well as many other perks based on your locked amount and tier. For M.I.R.O., the rewarding of locked-up tokens is based on a staking model with tiered incentives."
The MRHB community can also look forward to the pioneering 'CommDex' feature, a decentralized exchange for commodity-backed tokens, which will be accessible via the Sahal Wallet, the world's first self-custodial multi-chain wallet made specifically to hold halal tokens.
read full press release: https://www.prpocket.com/