SingularityDAO is a decentralized portfolio management protocol that offers automated asset management strategies leveraging AI-powered analytics. While it aims to provide innovative solutions in the DeFi market, it's important to note that certain activities, such as perpetual trade and yield from lending, associated with DynaSets, are not compliant with Shariah principles.
| 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 | SingularityDAO is a decentralised Portfolio Management Protocol that enables safe and easy management of crypto assets with superior risk management and analytics tools. It aims to create an ecosystem of digital asset managers who can offer automated asset management strategies leveraging AI-enhanced data analytics services. The protocol offers various DynaSets, including dynamic asset sets and beta testing opportunities. SingularityDAO is community-driven and welcomes feedback from users. However, it's important to note that some activities, such as perpetual trade and lending, associated with DynaSets are not in line with Shariah principles. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | SDAO is the SingularityDAO Governance Token that provides holders with the right to vote on proposals related to the protocol. These tokens can be used to vote, irrespective of their storage location, be it in wallets, staking smart contracts, or on multiple chains. | Passed |
| Staking Method | SingularityDAO offers two forms of staking: Epoch and Unbonded. Epoch vault staking involves holding cryptocurrency in a digital smart-contract called a vault for a specific period known as an epoch to earn rewards. This staking method requires users to "stake" their funds and wait for the epoch to complete before receiving rewards. On the other hand, Unbonded staking refers to a more flexible staking approach where users can unstake their tokens at any time without waiting for a specific epoch. Yield farming is also available, allowing users to earn SDAO rewards by contributing to the liquidity and optimization of SDAO and ETH. | Passed |
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