Kyber Network is a decentralized liquidity protocol that provided instant transactions on any Dapps. The project is opposed to Shariah rulings as it provides yield farming products. We concluded that Kyber Network is non-Shariah Compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | The project includes a yield farming feature. All yield farming products are prohibited until proven that the rewards came from a permissible method. | Failed |
| Financials | The token is not backed by any equity or fiat currency, thus there is no financial screening on this token. | Passed |
| Token | The token is used to stake, governance, and reward system. | Passed |
| Staking Method | Stake KNC tokens to vote on governance proposals and earn KNC rewards from trading fees. | Passed |
Read the source document and verify project fundamentals.