MARHABA DEFI COMMUNITY

MRHB DEFI COMMUNITY
The financial world has been bedevilled with financial leaders who’re too greedy, morally bankrupt and short-sighted to see the harm their self-centeredness is causing to the financial world. The great depression, and the 2008 financial crisis where the real estate industry suffered major hits, and many people’s financial portfolio were wiped out, are two classic examples of how greed and moral bankruptcy has affected the financial world.
But over the last few years, the horizon has looked different. Brighter. Smarter. More democratized.
The growth of Decentralized Finance has opened the door to a plethora of financial opportunities once hidden from everyday people.

However, it seems, from the level of gatekeeping in the decentralized financial system, the crucibles of centralized finance have seeped into Defi, hence the need for a more exclusive, yet inclusive DeFi. And that’s where MRHB comes into play.

You might be wondering what makes MRHB different from the other DeFi project out there.
It is simple: MRHB is built on the moralistic grounds of Islam, the religion of peace.
The laws in the Quran have, over the years, been a guiding light for good and upright living; hence the guiding principles for MRHB protocol.

WHY MRHB WAS DEVELOPED
The number of unbanked people worldwide is rising yearly, about 1.7 billion people. For a world that seeks to eradicate poverty by 2030, in accordance of the Sustainable Development Goal, having the number of people unbanked will make the goal hard to achieve.
Because the number of ‘haves’ and ‘have nots’ is fast increasing, decentralized finance protocols such as MRHB is direly needed to bridge the gap.
What then will MRHB do to the world and these unbanked people?
The rich blend of faith, complexity and access are the three vital foundations on which MRHB is built.

First, MRHB gives Islams over the world a system that is built on a shared religious belief, thus ensuring a community of morally upright and just people. It saves many islams from actively being involved in the corrupt financial system of the world.

Second, MRHB takes off the complexity often associated with cryptocurrency, taking the ‘too difficult to understand’ tag from it, making it easy for all to understand.
And third, MRHB gives people access to a wide range of financial opportunities that allows them build and create a world that is free from the shackles of impossibilities.

The governance structure of centralized finance has been the major drawback for many. So, at MRHB, we are dedicated to a democratic, inclusive and islam-driven governance. To ensure the platform functions optimally, in terms of the financials, as well as live up to the standard of the quran, the MRHB community is governed by:

•MRHB Governance Board (MGB)
•The Shariah Governance Board (SGB)
•The community of stakeholders
Due to large Islamic community worldwide, and the richness of this community (#1.3 billion), the MHRB community will duly scrutinize every project to ensure to adhere to the laws and dictate of the Quran. So, every project that’ll be built on the platform, Sharia laws will be the standard!
The crypto assets will be divided into:
Non-native tokens
Native Products and services

The MRHB project will be carried out in two phases: Phase 1 and Phase 2.
In Phase 1, these are some of the projects that’ll be built and run on the platform:

Low Slippage across different chains on the platforms

Multi-Asset Non-Custodial Wallet: You can swap your tokens between different chains.

Liquidity Harvester: Put your tokens in a liquidity pool and get rewarded later.

In Phase 2, these are some of the products that’ll be rolled out:
Community-Driven Launchpad: Here, you can invest your tokens in upcoming projects on the network and get rewarded for it.The SOUQ NFT Platform

The MRHB community and team behind its development are very aware of the possibility of people getting power drunk. So, in a bid that not one person wields so much power on the platform, a Decentralized Autonomous Community is put in place.

CONCLUSIVELY: Defi has grown over the years, and it is time for morally upright Defi platforms to become the norm, and not the exception. Bad user interfaces, lack of privacy, low level of security, and complexities are a thing of the past thanks to MRHB. So, if you’ve been in search of a Shariah-compliant financial system, then MRHB is for you.

For more information kindly visit the links below :

Website: https://marhabadefi.com
Whitepaper: https://marhabadefi.com/info-centre.php
Twitter: https://twitter.com/MarhabaDeFi
Linkdln: https://www.linkedin.com/company/marhabadefi/

Author : Dulo Wegner
BountyOx: dulowegner