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 both developers and users. This partnership leverages the capabilities of the evmOS technology stack to provide accessible, sustainable, and Shariah-compliant financial solutions.
The collaboration between HAQQ Network and evmOS has garnered excitement and support from the Islamic Coin community. With this upgrade, members of the community can now access the entire cosmos ecosystem, including liquidity and any interchain decentralized applications (dApps).
The upgrade to evmOS empowers HAQQ Network developers with cross-chain compatibility, making it a leader in the DeFi industry. The platform’s integration of ethereum EVM, cosmos-sdk, and cometBFT consensus mechanism enables developers to create complex smart contracts and dApps without the previous hindrances of scalability, performance, or connectivity. Additionally, developers can immediately interoperate with the already live Inter-Blockchain Communication (IBC) protocol and be part of the larger interoperability landscape, facilitating seamless execution between Solidity smart contracts on the Haqq Network and the rest of the interchain ecosystem.
evmOS’s pre-enabled IBC connections to prominent Cosmos SDK chains like Osmosis and Stride provide HAQQ developers and users with access to abundant liquidity across multiple DeFi dApps and services.
One of the key benefits that HAQQ developers can enjoy from the evmOS upgrade is the inclusion of stateful precompiles, known as EVM extensions. These extensions enable dynamic state management and grant access to advanced DeFi features such as liquid staking, automated vaults, and algorithmic trading strategies.
Moreover, evmOS’s “Single Token Representation” feature simplifies token management by bridging the gap between Cosmos and ERC-20 formats. This allows developers to focus on innovation with less administrative burden.
The collaboration between HAQQ and evmOS marks a significant milestone in the ethical DeFi revolution. Islamic Coin, the native asset of the HAQQ network, is designed specifically for interest-free investment activities, halal trading, and charitable giving. By combining modern fintech with Islamic heritage, users can uphold traditional values while embracing technological advancements.
Together, HAQQ and evmOS are poised to bring forth a new era of DeFi innovation that prioritizes inclusivity, efficiency, and ethical principles. Their cooperative efforts promise to unveil surprises and pave the way for the future of finance.