The issue of Serum is the roadmap that announces the protocol is developing borrow/lending protocol. Even so, we do not have detail on this next feature. We mark Serum as Grey.
| 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's main purpose is to provide a functional DEX that is permissionless, allows cross-chain trading, with high speed and low transaction fees for decentralized finance (DeFi). As for now, Serum Protocol provides a fully on-chain orderbook for developers to plug into their projects. The project is clear from any prohibited element. However, the Serum roadmap may trigger an issue when Serum protocol intends to develop a borrow/lending protocol on serum. As for now, there is no precise detail on the next feature, so we take a precautious step to mark Serum 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 as a medium of exchange and staking. | Passed |
| Staking Method | The staking method mechanism by this protocol complies with Shariah's rulings. Staking will be rewarded by transaction fees. | Passed |
Read the source document and verify project fundamentals.