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Introduction
Marhaba is projecting a Shariah-backed cryptocurrency system; one that would integrate DeFi and NFTs. For a long time now, Shariah finance perspectives have been used in different economies, especially in certain parts of the world like the Middle East.
The perspective bordered on the need to cut down on intricacies in the traditional financial ecosystem, while ensuring that the general public has access to funds.
In the cryptocurrency ecosystem, these principles can be applied to further buttress the point of an intermediary-free, open and borderless payment ecosystem. Marhaba is looking to make these possible by creating an inclusive ecosystem for everyone.
Interest-Free Cryptocurrency System
One of the major highlights of this project is the enablement of an interest-free cryptocurrency financing. This is quite contrary to the popular Decentralized Finance (DeFi) system that requires lenders to pay interests on the crypto loans they have access to.
Besides, the interest-free-based crypto financing provided by Marhaba is now opening up doors of opportunities for different classes of cryptocurrency enthusiasts. Whether you are an investor, a trader or simply an enthusiast, rest assured that you can take and issue crypto assets as loans without paying interests.
Marhaba and the SDGs
The United Nations (UN) came up with what it called the “Sustainable Development Goals (SGDs).” These are a set of actions or solutions, which when created, will be to the utmost benefit of everyone.
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Marhaba’s solutions in the crypto market borders on five (5) of these SDGs. These include:
Decent Work & Economic Growth: The crypto-free-based financial model, as proposed by Marhaba, will open more doors for economic growth for every crypto enthusiast. This is a means for the enthusiasts to take loans and engage in inclusive crypto-financial activities that ensures even prosperity.
No Poverty: By means of the inclusive crypto-powered financial ecosystem, Marhaba ensures that everyone prospers, financially.
Reduced Inequalities: The inequalities that exist in the cryptocurrency market is also reduced via the inclusive design of the Marhaba ecosystem. In this case, the project is creating an open model that isn’t so restrictive, but rather, open for everyone to take active part in.
DeXregator
Marhaba also has a platform called DeXregator. The platform sees to the aggregation of information and data on crypto trades from other Decentralized Exchanges (DEXs). As a single point-of-entry, the DeXregator sees to the scanning and swapping of thousands of crypto tokens from one interface.
Liquidity Harvester
Liquidity provision is an important element in the Decentralized Finance (DeFi) market. The Liquidity Harvester tool from Marhaba helps Liquidity Providers (LPs) to generate up to 15% ROI in a year. This is for the free plan. For the paid plan, LPs can earn higher ROIs.
In addition, the Marhaba Liquidity Harvester is powered by a Trailblazer algorithm that includes the use of stablecoins to hedge risks in the market.
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Conclusion
Marhaba has opened up more opportunities for the cryptocurrency market. With its unique value proposition, the project is bound to gain mainstream adoption and in extension, bolster institutional interests in the cryptocurrency industry.
More Information
Website : https://marhabadefi.com/
Twitter: https://twitter.com/MarhabaDeFi
Whitepaper : https://marhabadefi.com/info-centre.php
Telegram: https://t.me/marhabadefi_ANN
LinkedIn: https://www.linkedin.com/company/marhabadefi/
Creator
0x - barth5