Rubic is a multichain DeFi ecosystem that provides a complete decentralized trading platform and serves as a Cross-Chain Tech Aggregator for users and dApps. Rubic has an ERC-20 token, RBC, which is used as fuel within the platform and has utility in governance, staking rewards, low fees, and airdrops. However, due to its potential involvement in non-Shariah compliant activities such as lending, Rubic is considered non-Shariah compliant. This aligns with the Islamic legal maxim that prohibits causing harm and preventing it from happening in the first place.
| 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 | Rubic is a multichain DeFi ecosystem that offers multi-chain swaps, on-chain swaps, and other features to provide a complete decentralized trading platform. It serves as a Cross-Chain Tech Aggregator for users and dApps by aggregating the best Web3 cross-chain tech in ready-made templates for DEXs, Lending/Farms, and more to help developers make their Web3 dApps cross-chain. Additionally, it plans to release cross-chain templates for lending/farms in its roadmap. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | Rubic's ERC-20 token, RBC, is used as fuel within the platform and has multiple utilities such as governance and staking. RBC can be used to pay for SDK subscriptions, integration service fees, and grant programs. Token holders can participate in decentralized decision-making, and RBC holders can enjoy low fees for cross-chain calls, exchange fees, and gasless fees. Partners' airdrops are also distributed to RBC holders. | Passed |
| Staking Method | Stakers can earn rewards in RBC tokens for participating in the staking process. | Passed |
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