The project provides decentralized asset management for users to diversify their investment on DeFi protocol. The project permissibility of certain portfolio depends on the vault products offered by the project. In short, the project was the same as an investment company that manage funds. Overall the project did invest in Non-Shariah coin that triggered Shariah issues.
| 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 provides decentralized asset management for users to diversify their investment on DeFi protocol. The project permissibility of certain portfolio depends on the vault products offered by the project. In short, the project was the same as an investment company that manage funds. Overall the project did invest in Non-Shariah coin that triggered Shariah issues. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token can be used as a medium of payment for usage within Enzyme and rewards for developers or contributors that submit for a grant. | Passed |
| Staking Method | No staking. | Passed |
Read the source document and verify project fundamentals.