Is Manta (MANTA) Halal or Haram?
Shariah compliance review of Manta (MANTA) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Manta Network is a modular ecosystem for Web3, enabling users to build and deploy any Solidity-based decentralized applications. It leverages its technology stack to achieve faster transaction speeds than Layer 1 solutions and lower gas costs compared to Layer 2 options.<br><br>Manta Pacific is the first EVM-equivalent ZK application platform that offers scalability and security via Celestia DA and Polygon zkEVM. Sharlife.my Analisys: Manta Network appear to be in accordance with Shariah principles.
Staking verdict: Questionable
Permissibility of staking is questionable, because it is a blockchain with various dApps running their applications on the blockchain, including DEFI, Lending and Borrowing, Gambling, etc, hence impermissible transactions might get recorder in blocks, thus benefiting validators with commissions. It is better to avoid staking this protocols until we receive final fatwas from high rank scholars.
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