Linear offered various DeFi products in their ecosystem. Overall all the products offered by this protocol complies with Shariah's rulings. However, we could not identify the source of return or where the fund goes in their Vault product. Possibly it can come from lending protocol. The staking method in this project also triggered a red flag. We classified Linear as Non-Shariah.
| 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 contains staking, swap, and Liquidity pool. We could not identify the source of return from the liquidity pool, possibly from the lending protocol. Thus, we classified their project as grey. | Grey |
| 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 to interact with DeFi products offered in the ecosystem. | Passed |
| Staking Method | The staking method mechanism by this protocol does not comply with Shariah's rulings. Staking is not related to securing the network and will be rewarded by an allocated staking pool portion, transaction fees, and yield farming. | Failed |
Read the source document and verify project fundamentals.