Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Yield-bearing stablecoin on Solana
sUSD is the first yield-bearing stablecoin on Solana that is pegged to the U.S. dollar and backed by U.S. Treasury Bills (T-bills), generating a 4-5% yield automatically for holders.
sUSD is the first ever yield-bearing stablecoin on Solana that is pegged to the U.S. dollar and backed by U.S. Treasury Bills (T-bills). This ensures that sUSD maintains a 1:1 peg with the U.S. dollar while simultaneously generating a 4-5% yield through T-bills, one of the safest short-term government debt instruments.
The interest on sUSD is distributed through automatic balance updates, allowing users to accumulate an annual yield of approximately 4-5% based on T-bill yield simply by holding sUSD.
Through this process, sUSD depositors can earn intrinsic T-bill-backed yield while gaining exposure to additional returns by contributing to the security of modular systems such as oracles, bridges, network extensions, rollups etc.
sUSD is fully backed by U.S. Treasury Bills, providing stability and security.
Maintains a stable 1:1 peg with the U.S. dollar at all times.
Generates 4-5% yield through T-bills automatically for holders.
Audited by PeckShield & SolifProof for enhanced security.
Not permissible for use according to Shariah principles
sUSD is deemed non-Shariah compliant due to the following reasons:
Muslims should avoid using sUSD as the automatic yield distribution mechanism based on interest-bearing T-bills makes it non-compliant with Shariah principles.
| Reserve Assets | U.S. Treasury Bills (T-bills) |
|---|---|
| Yield Source | T-bills, Modular Systems |
| Smart Contract Audit | PeckShield & SolifProof |
| Issuer | Solayer |
Founded by Solana creators
Solayer, developed by a team with strong blockchain expertise, was founded by Anatoly Yakovenko and Raj Gokal, who are also the founders of Solana. Their background enhances the credibility of the project.
The team also includes Rachel Chu, Jason Li, and Joshua Sum, all contributing to its development. The platform's security is reinforced by audits from PeckShield and SolifProof, adding to its technical legitimacy.
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