Ducat Protocol
The Ducat Protocol points campaign is Doubtful. While the underlying project is a decentralized stablecoin platform, the reward token is not yet issued, making its utility and property status provisional. Furthermore, several core tasks involve impermissible lending and borrowing with origination fees. Although research indicates a halal path exists, users must strictly avoid the lending, borrowing, and liquidation tasks, participating only in the neutral social and referral quests if they allow qualification.
Airdrop Tasks
Connect Bitcoin Wallet
RequiredConnecting a wallet is a neutral, permissible on-chain action.
Deposit BTC Collateral
RequiredDepositing collateral into a lending protocol is impermissible; avoid this task.
Borrow UNIT Stablecoin
RequiredBorrowing with an origination fee constitutes an impermissible lending arrangement.
Repay UNIT
OptionalThis is part of the impermissible lending cycle and should be avoided.
Participate in Liquidations
OptionalPurchasing discounted collateral from undercollateralized vaults is tied to impermissible lending mechanics.
Complete Social Missions
OptionalFollowing and engaging on social media is a permissible activity.
Invite Friends
OptionalReferrals are generally permissible, but the bonus requires the referee to engage in the impermissible lending protocol.
Hold NFTs or Discord Roles
OptionalHolding eligible NFTs or roles for point boosts is a neutral activity.
Mainnet Alpha Galxe Quest
OptionalCompleting standard off-chain and on-chain social quests is permissible.
Why This Verdict
The Shariah compliance of this airdrop is evaluated across three layers: the underlying infrastructure, the application's core business, and the asset itself. The infrastructure (Bitcoin L1) and the core business (decentralized stablecoin platform) are neutral and permissible. However, simply holding or claiming the reward token is currently rated Haram because the token has not yet been issued (TGE pending). In Islamic finance, a digital asset must presently exist, be ascertainable, and be transferable to qualify as recognized property (Mal); since this token is provisional, its property status and utility cannot be fully verified. Regarding the campaign tasks, users must navigate them carefully. Connecting a Bitcoin wallet, completing social missions, and holding eligible NFTs are Halal, opt-in activities. Conversely, depositing BTC collateral, borrowing the UNIT stablecoin (which charges a 1% origination fee), repaying UNIT, and participating in liquidations are Haram, as they constitute impermissible lending and borrowing arrangements. The referral program is Doubtful because earning the bonus requires the invited friend to engage in the impermissible lending protocol.
Points of Caution
- !The reward token is not yet issued, meaning its final utility, supply, and transferability remain unknown, rendering its current property status provisional.
- !Core campaign tasks require users to deposit BTC collateral and borrow UNIT stablecoins with a 1% origination fee, which constitutes an impermissible lending contract (riba).
- !Participating in the liquidation market involves purchasing discounted collateral from undercollateralized vaults, which is directly tied to the impermissible lending mechanics.
- !The referral program is problematic because the bonus is contingent on the referee depositing at least $500 USD of BTC into the lending protocol.
Purification Note
Not applicable. Since the token is not yet issued and the impermissible lending tasks involve paying fees rather than earning passive interest, there is no specific impure income for a holder to purify at this stage. Users must simply avoid the impermissible lending, borrowing, and liquidation tasks entirely.
Bottom Line
The Ducat Protocol points campaign is Doubtful overall because the reward token does not yet exist and several core tasks require engaging in impermissible lending and borrowing. While a halal path exists by strictly limiting participation to neutral social and wallet-connection tasks, users must completely avoid depositing collateral, borrowing UNIT stablecoins, and participating in liquidations. Final religious authority rests with a qualified scholar.
How this verdict was reached
This is not an opinion issued by ShariaQuant. It is the output of a documented screening methodology applied to researched facts about Ducat Protocol, and every row above states the specific evidence that drove it — so the reasoning can be examined rather than taken on trust.
An airdrop raises two separate questions, and both are answered: whether the reward token is permissible to receive and hold, and whether the tasks required to qualify are themselves permissible. Every eligibility task is ruled individually, so a campaign can be usable by completing only the permissible tasks.
Lending and borrowing tasks are assessed as riba, perpetual and margin trading as excessive uncertainty (gharar), and prediction markets or chance-based games as gambling (maisir).
AAOIFI has not reviewed, approved or endorsed this report or ShariaQuant, and no scholar named in our methodology has reviewed this individual verdict. This is analysis, not a fatwa — final religious authority rests with a qualified scholar.
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