evmOS: Pioneering Ethical DeFi with HAQQ
We are thrilled to announce that HAQQ, a Shariah-compliant DeFi network, has upgraded to evmOS. This collaboration uses the advantageous features of evmOS tech stack to unlock opportunities for developers and users, driving forward a vision of inclusive, efficient, and Shariah-compliant financial services.
Overcoming Challenges with evmOS
evmOS is built with the Cosmos SDK and CometBFT consensus algorithm and offers developers an environment that combines the familiarity of Ethereum’s EVM with the interchain interoperability. This architecture has positioned evmOS as a leader in pursuing cross-chain compatibility and innovation within the DeFi space.
HAQQ, equipped with evmOS, can now empower developers to create sophisticated smart contracts and decentralized applications without worrying about scalability, performance, and connectivity while adhering to its familiar industry standard.
By upgrading to evmOS, developers on HAQQ network now have direct access to the Inter-Blockchain Communication (IBC) protocol, unlocking interoperability between Solidity smart contracts and the interchain ecosystem. evmOS comes with ready-to-use IBC connections with major Cosmos SDK chains, such as Osmosis, Stride, and more, which grants HAQQ developers and users access to vast liquidity, a range of DeFi dApps, and services.
Efficient Token Management, Governance, and Access to Interchain
evmOS presents several advantages for HAQQ developers. The framework’s stateful precompiles, also known as EVM Extensions, enable dynamic state maintenance and allow developers to access advanced DeFi features such as liquid staking, automated vaults, and algorithmic trading strategies.
Additionally, evmOS’ new Single Token Representation feature simplifies token management, bridging the gap between Cosmos and ERC-20 token representations, and allowing developers to focus on business logic and innovation without considering extra overhead.
HAQQ Network was built to create Shariah-compliant DeFi solutions that cater to a global audience. By leveraging evmOS’ interoperability and HAQQ’s Shariah Oracle architecture, developers can ensure that smart contracts adhere to Islamic principles, opening up new avenues for financial inclusion and ethical investment opportunities.
Islamic Coin, the native token of the HAQQ network is used for interest-free investments, halal trading, and charitable giving opportunities, blending modern fintech with Islamic heritage, giving users the power to honor traditions while embracing the tech revolution.
We are excited about the possibilities following our partnership with HAQQ. Together, we are pioneering a new era of DeFi innovation, where inclusivity, efficiency, and ethical principles are priorities of financial services.
Stay tuned for more updates and announcements as we work together to build the future of finance with evmOS and HAQQ.
About HAQQ
HAQQ Network is a blockchain ecosystem with an ethics-first approach that emphasizes Real-World Assets and DeFi. It offers an innovative approach to blockchain technology, integrating the principles of Islamic finance into a state-of-the-art financial framework. As an EVM-equivalent chain based on the Cosmos SDK, HAQQ facilitates the deployment of smart contracts from other EVM chains without any modifications. The network emphasizes ethical, Shariah-compliant finance, promoting risk-sharing and ethical investing.
HAQQ features its native digital currency, ISLM (ISLM), dedicated to empowering an ethics-first financial ecosystem. Its mission is to give the world’s Muslim community a financial instrument for the digital age, that would enable seamless transactions and interaction while supporting innovation and philanthropy.
About Evmos
Evmos is an interoperable EVM blockchain designed for cross-chain dApp development.
With groundbreaking roadmap features, such as Outposts and the Evmos dApp Store, Evmos allows developers to take advantage of IBC and connect their smart contracts to the Interchain Ecosystem. The Evmos chain is built with evmOS and remains its flagship demonstration.
evmOS is a production-ready modular solution designed to bring EVM compatibility to Web3 businesses. Built with Cosmos SDK, evmOS comes with IBC and CometBFT and enables projects to fully customize their chain logic and go beyond standard generic smart contract platforms. With continuous upgrades and maintenance, evmOS empowers anyone to deliver unmatched experiences with their EVM blockchains.
This revolutionary technology frees developers from the confines of today’s siloed blockchains.
The future is cross-chain.
Helpful Resources
🎮 Evmos dApp Store: https://store.evmos.org
🖥 Evmos Website: https://evmos.org
💻 Developer Documentation: https://docs.evmos.org
👾 Official Discord: https://discord.gg/evmos
🐙 GitHub: https://github.com/evmos/evmos
📯 Telegram: @EvmosOrg
📄 Blog: https://blog.evmos.org
🌋 Evmos Careers: https://evmos.org/careers
evmOS is the EVM stack for building natively cross-chain decentralized applications.
DISCLAIMER: None of this is financial advice. This content is strictly for educational purposes. It’s not investment advice or a solicitation to buy or sell any assets.
