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 🤝
🔁 SmartCredit Launches Leveraged Staking with Risk Alerts
SmartCredit has introduced **Leveraged Lido**, a feature that allows users to amplify their ETH staking returns through a looping mechanism. **How it works:** - Use stETH as collateral - Borrow ETH and stake it again - Loop up to 5x for multiplied exposure **Risk management features:** - Check liquidation probability before looping - Receive Telegram alerts when risk reaches ~15% - React early to market changes The platform differentiates itself with fixed-rate borrowing terms and a reusable credit line structure, eliminating the need to restart positions. Available at smartcredit.io/leveraged-staking
🧠 DeFi Quiz Tonight
**SmartCredit.io** hosts a DeFi knowledge quiz today at 18:00 UTC in their [Telegram community](https://t.me/SmartCredit_Community). **Quiz Details:** - 10 questions testing DeFi knowledge - 15 SMARTCREDIT tokens per correct answer - Multiple chances to earn rewards The AI-driven neobank regularly runs these educational quizzes to engage their community while rewarding participation. *Set your reminders and test your DeFi expertise.*
SmartCredit Launches Reusable Credit Lines to Cut Gas Costs
**SmartCredit introduces Credit Line feature** that eliminates the need to open new loans repeatedly. **Key benefits:** - One credit line supports multiple loans - Reusable collateral across borrowing cycles - Reduced gas fees by avoiding repeated setups - Streamlined on-chain lending experience The platform positions this as solving inefficiencies in current DeFi lending, where each loan requires a fresh start. Users can now borrow multiple times using the same collateral setup. **Previous features include:** - Rate comparison tool across major protocols - Fixed-term, fixed-rate loan structure - Balanced approach for both borrowers and lenders SmartCredit continues building tools focused on lending efficiency and user experience improvements in decentralized finance. [Learn more about Credit Lines](http://smartcredit.io)
🔒 Fixed Rates Finally
**SmartCredit.io** addresses a core DeFi lending problem: **variable interest rates** that change unpredictably. The platform offers: - **Fixed-term, fixed-rate loans** that remain stable throughout the loan period - **Predictable borrowing costs** without sudden rate spikes - **Simple stability** in an otherwise volatile crypto environment Unlike traditional DeFi protocols that optimize for one side, SmartCredit.io provides: - **Balanced approach** for both borrowers and lenders - **Protection through Loss Provision Fund** rather than profiting from liquidations - **Transparent, long-term focused** credit system The AI-driven platform eliminates the uncertainty of fluctuating rates, allowing users to plan and execute strategies without worrying about changing loan terms.
🚨 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.