HAQQ, a Shariah-compliant decentralized finance (DeFi) network, has recently undergone an upgrade to evmOS, a move that is set to revolutionize its prospects for developers and users. This partnership harnesses the capabilities of the evmOS tech stack to offer accessible, sustainable, and Shariah-compliant financial solutions.
evmOS has joined forces with HAQQ Network and Islamic Coin in an exciting collaboration. The integration of evmOS with HAQQ Network means that the vast Islamic Coin community can now access the entire cosmos ecosystem, as well as liquidity and any interchain decentralized applications (dApps).
The upgrade to evmOS provides HAQQ network developers with a powerful tool that allows them to create complex smart contracts and dApps. Previously existing challenges such as scalability, performance, and connectivity are now a thing of the past. Additionally, network developers can now seamlessly interoperate with the Already Live IBC protocol and become part of the larger interoperability landscape, enabling immediate execution between Solidity smart contracts on the Haqq Network and the rest of the interchain ecosystem.
With evmOS’s pre-enabled Inter-Blockchain Communication (IBC) connections to leading Cosmos SDK chains like Osmosis and Stride, HAQQ developers and users will have access to abundant liquidity across multiple DeFi dApps and services.
One of the main advantages that HAQQ developers can enjoy through evmOS is its stateful precompiles, known as EVM extensions. These extensions enable dynamic state management and provide access to more advanced DeFi features such as liquid staking, automated vaults, and algorithmic trading strategies.
Furthermore, evmOS’s ‘Single Token Representation’ feature simplifies token management by bridging the gap between Cosmos and ERC-20 formats, allowing developers to focus on innovation with less administrative burden.
The collaboration between HAQQ and evmOS is not just about technological advancements but also about ethical principles. Islamic Coin, the native asset of the HAQQ network, is designed for interest-free investment activities, halal trading, and charitable giving. By combining modern fintech with Islamic heritage, users can uphold traditional values while embracing the benefits of technology.
Together, HAQQ and evmOS aim to bring about a new era of DeFi innovation that prioritizes inclusivity, efficiency, and ethical principles. Their collaborative efforts are sure to bring surprises and pave the way for a promising future in the world of finance.
Tags: ATOM
