| Project/Products | Use Case | Status |
|---|---|---|
Hidden Content |
This content is locked for premium users. |
|
Hidden Content |
This content is locked for premium users. |
|
Hidden Content |
This content is locked for premium users. |
Chart locked for premium users
Is it halal or not to invest in ondo?
thanks for sharing that.
Ondo Finance is a blockchain-based financial platform aiming to democratize access to institutional-grade financial products and services. It offers a range of tokenized assets, including USDY tokens backed by short-term US Treasuries and bank deposits, OUSG tokens providing exposure to short-term US Treasury ETFs, and OMMF tokens offering access to US Money Markets. Additionally, Flux Finance, a decentralized lending protocol backed by government bonds and stable collateral, provides users with extra crypto assets for DeFi strategies. The platform also features tools like the Ondo Token Bridge for seamless token transfers across blockchains and the Ondo Token Converter for converting USDC into USDY tokens with accruing yields. While some products are available to all users, others are reserved for qualified institutional-grade investors seeking new avenues for profit, such as short-term bonds.
Token
The assessment is unclear, what part of the system in not in compliance to shariyah, is there riba involved, is there any other part of the system that breached shariah principles?