BarakaFi Launches First Web3 Islamic Finance Platform
BarakaFi Launches First Web3 Islamic Finance Platform
🕌 Halal DeFi Finally Arrives
BarakaFi has launched as the first Web3-based Islamic finance system, introducing a significant innovation in decentralized finance.
Key features:
- Peer-to-peer transactions instead of traditional DeFi asset pooling
- Shariah-compliant financial services
- Secure blockchain infrastructure
- High-performance architecture
The platform addresses a key limitation of current DeFi systems by eliminating asset pooling, which conflicts with Islamic finance principles. This makes digital financial services accessible to users requiring Shariah compliance.
GM Degens! BarakaFi.com is live! Welcome to the Islamic Banking on #Web3! 👉 its compliant 👉 its Peer-2-Peer 👉 Its secure 👉 its on high-performance #blockchain Join in! #Crypto #CryptoTwitter
BarakaFi is LIVE! ▀▄▀▄▀ On @The_HaqqNetwork By @smartcredit_io ✜ Access assets like $USDC using $ISLM, $stISLM, or $DEEN as collateral ✜ Deposit assets as liquidity and generate yield Start Now: barakafi.com/about/
GM Degens! We are excited to announce that BarakaFi.com - the first ever #Web3 Islamic Finance system is live! But why Islamic Finance? Because: 👉 #DeFi today is using pooling of assets 👉 Islamic Finance requires Peer-2-Peer instead of Pooling Thats why
@Baraka_Fi_ is live! The first-ever halal onchain P2P financing is now live on HAQQ and available to everyone, marking a major milestone in opening doors for Muslims to engage in DeFi to access assets and generate yields! Developed and brought to you by @smartcredit_io 🤝
🔄 Loop Your Way to 5x ETH Staking Exposure
**SmartCredit introduces leveraged staking for Lido users** ETH stakers can now amplify their exposure up to **5x** through a simple loop strategy: - Use stETH as collateral - Borrow additional ETH - Stake the borrowed ETH - Repeat the process **Key Features:** - **Liquidation Probability Calculator** shows risks upfront - Full risk visibility before entering positions - Built on existing Lido staking infrastructure The platform allows users to maximize staking yields while maintaining awareness of potential liquidation scenarios through predictive risk assessment tools.
🔒 SmartCredit Ditches Pooled Risk
**SmartCredit introduces 1:1 loan matching** to eliminate shared risk exposure common in pooled lending protocols. Key features: - Every loan matched individually between lender and borrower - **No exposure to other users' defaults** - No shared liquidation losses - Fixed terms that don't change based on pool performance This approach contrasts with traditional DeFi lending pools where your funds' safety depends on the collective risk of all participants. **Direct accountability** replaces pooled uncertainty in this lending model.
🚨 Early Warning System
**SmartCredit introduces proactive liquidation alerts** to prevent borrower losses. **Key Features:** - Telegram notifications trigger at **15% risk level** - Borrowers get advance warning to add collateral or repay - System provides **peace of mind** for both lenders and borrowers **Why It Matters:** Most DeFi platforms only notify users after liquidation occurs. SmartCredit's early warning system gives users **time to react** before reaching dangerous territory. This represents a shift from reactive to **proactive risk management** in decentralized lending.
SmartCredit.io Emphasizes Self-Custody and No Re-hypothecation in DeFi Lending
SmartCredit.io differentiates itself in the DeFi lending space with a strict no re-hypothecation policy. Unlike other protocols where user collateral gets reused without their knowledge, SmartCredit ensures: - Collateral remains locked in personal credit lines - Full user control over assets - Complete reusability after loan repayment The platform combines fixed-term loans with AI-driven features including: - Crypto Fraud Score - Transaction monitoring - Personal Fixed Income Funds All services maintain regulatory compliance while eliminating traditional bank run risks.
SmartCredit.io Emphasizes Self-Custody in DeFi Services
SmartCredit.io is positioning itself as a comprehensive DeFi platform focused on true self-custody. The platform offers: - Custom income funds with fixed terms - Collateralized lending without pool risks - Audited smart contracts for secure vaults - Direct control of credit lines and funds The platform aims to provide traditional banking services while maintaining user sovereignty over assets. All operations run through verified smart contracts, eliminating intermediaries and pool-related risks. [Learn more about self-custodial DeFi](http://smartcredit.io)