Is Oasis (ROSE) Halal or Haram?
Shariah compliance review of Oasis (ROSE) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Oasis Network is a Layer 1 blockchain that offers a platform for open finance and a responsible data economy through decentralized applications (dApps). Overall, the Oasis Network ecosystem is in alignment with Shariah principles. Source: sharlife.my
Staking verdict: Questionable
Permissibility of staking is questionable, because it is a layer 1 blockchain, with various dApps running their applications on the blockchain, including DEFI, Lending and Borrowing, Gambling, etc, hence impermissible transactions might get recorder in L1 blocks, thus benefiting validators with commissions. It is better to avoid staking this protocols until we receive final fatwas from high rank scholars.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.