Let's be a "fino señor 🗿🍷" helping people

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One of the coolest things about a crypto network is the alternative ways to monetize your laziness and staking, and one of them is putting a pair of tokens in a liquidity pool. While the possibility of an impermanent loss exists, often the pool's return is worth the risk. In addition to Tribaldex, which we all use around here, there are other really cool places where you can put your tokens to yield, such as Giveth and Elk Finance (the latter that has an "insurance" mechanism against impermanent loss)

I personally am embracing Giveth. Why? Because it is a DAO focused on giving to underprivileged communities, it has partnerships with Shapeshift and several other DAOs, SkateHive is on it, as are several other large projects, and the liquidity pools alternate between 30% APY and 130% APY. In summary, it is a DAO with a purpose and with a very solid and consistent project, and one of my bets for the crypto future

Let's create a future together?

20% of this post gains will go to @ahmadmangazap for suppor his NFT project, and 15% will go to my friend @ezekhiveadict and some projects that i believe in

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(Edited)

I should look more into liquidity pools, the problem I see with them is that it's hard to know which Liquidity Pools to take part in, and if this isn't considered Riba in Islam (Interest - which is forbidden to us) so I have to look at it from more than one side.

While the possibility of an impermanent loss exists, often the pool's return is worth the risk.

Thanks for the beneficiary rewards.~


!PIZZA !LUV

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Interesting, I wasn't aware of that concept. Here there is the concept of "usury", which is a word with a double meaning, which can mean both "profit through interest" and "to charge interest abusively", so many adopt the first meaning, others the second and some simply do not care if it is or is not considered a sin and they charge it the same way. Interesting how the Christian, Jewish and Muslim religions have similarities

!PIZZA !LUV

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Yeah, it's very similar to the Christian concept of Usury but since details are different I use the Islamic term.

It's difficult to define even in Muslim countries, but at least we know that lending with interest is Riba, but what else counts as Riba is a bit foggy to me, so I have to ask about it on a case-by-case basis.

A lot of international transactions (even in the so-called Islamic banks) have Riba in them, it's something that can't be avoided, but at least we Muslims should minimize them as much as possible. Then there are those who don't care if it's a Sin (there are many of them...) It's sad.

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I really don't know if I believe that, in the Christian view, interest is necessarily a sin, considering that you run a risk by lending that money, so the reward is something fair, as long as the interest is not abusive and you are not violent with the person. The concept of Riba, to me, seems to be much more abstract than the concept of usury, and it seems to me to encompass many more cases. It seems to be difficult to work with finance without committing a sin, doesn't it?

Sorry if I was offensive in any way, I'm really curious about Islamic religion and culture

!PIZZA

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Under the current financial systems, I agree with this statement:

"It seems to be difficult to work with finance without committing a sin, doesn't it?"

But in a reasonable financial system, (say if everyone deals with Gold Coins instead of Fiat Money,) it's not unreasonable to live your whole life without needing a transaction with interest or unlawful transactions, while Gold's value isn't stable, keeping it around doesn't mean you're losing value for doing so. ...but since Interest is linked to money value worldwide phenomen nowadays, not dealing with it actually means your money is losing value every year. Even when I try to not engage in it, the fact I'm knowingly doing so is difficult for me.

and yeah, this is true:

"The concept of Riba, to me, seems to be much more abstract than the concept of usury, and it seems to me to encompass many more cases."

Though there are different interpertations for what counts and what doesn't count as Riba, because if you take the teachings to an extreme, every monetary transaction will be Riba which we know isn't the case from what we know in history.


We also have a concept in Islam of "If you're put in a situation where you have no option except doing a sin, try to minimize it as much as possible" a good example of that is Pork... In Islam we're forbidden from eating Pig's meat, but in the (admittedly very rare) situation it's the only food around and not eating it will result in death, it becomes Halal (allowed) until the situation gets better.

So by that principle, I'm trying to learn what Riba is, and try to not do it as much as possible, but as I said it's very hard to avoid.


Sorry if I was offensive in any way, I'm really curious about Islamic religion and culture

Well, you're not sounding offensive here, but never make sounding offensive prevent you from speaking truth (or what you think is truth even if it's not) because we don't learn when all we hear is what we want to hear. Don't you agree?

Anyway, thanks for your comments, made me think a lot about this.

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(Edited)

PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
ahmadmanga tipped arthursiq5 (x1)
@kaseldz(2/5) tipped @ahmadmanga (x1)
arthursiq5 tipped ahmadmanga (x1)

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