Safuu 2.0
Crypto Overview
Project Overview
Safuu 2.0 appears to be a relaunch of the original Safuu protocol that claims to provide auto-staking and auto-compounding features. The project launched in 2023 as a successor to the original Safuu protocol.
Intended Purpose
The protocol claims to offer fixed APY returns through a complex rebasing mechanism and treasury reserves. It operates on the Binance Smart Chain network.
Current Usage & Adoption
The project shows very limited real-world adoption and usage data. Trading activity appears to be the primary use case rather than the stated auto-staking utility.
Development Activity
There is minimal visible development activity on the protocol since launch. The project's social media channels and community engagement appear largely inactive.
Token Distribution
Detailed information about token distribution and vesting schedules is not readily available in project documentation.
Revenue Model
The protocol's main revenue mechanism appears to be based on rebase rewards funded by new token emissions and treasury reserves, which functionally operates as a lending mechanism with predetermined returns.
Crypto Impact
To assign a comfort level investing in Safuu 2.0 from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Safuu 2.0.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.