Filtered Protocols

With the guidance of Goldsand's Shariah Committee, we have identified multiple application categories that are classified as impermissible from a Shariah perspective. Deployed protocols that match these categories are blacklisted. Transactions The impermissible application categories are listed below

  1. Lending protocols Examples: Kamino (Solana) Aave, Compound (Ethereum)

  2. CDP (collateralized Debt Positions) Example: Hubble (Solana), Maker (Ethereum)

  3. Leverage trading protocols Example: Gearbox

  4. Derivative Protocols These include options, perpetual contracts (Perps). Example: Jupiter Perps (Solana) Opyn, dYdX v3 (Ethereum)

  5. Lending-based yield optimizers Example: Pendle

  6. Basis Trade Stablecoins Example: Ethena

  7. Synthetics Example: Synthetix

  8. RWAs based on treasuries Example: Ondo Finance, Hashnote, Mountain

  9. Governance token of impermissible protocols Example: KMNO, MKR, Aave, Ondo

  10. Insurance Protocols Example: Nexus Mutual

  11. Yield-bearing assets with impermissible yield Example: DAI, Ondo's USDY, Hashnote's USYC

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