Monad
The Monad blockchain and its native $MON token are permissible to use and hold, as it is a neutral Layer 1 infrastructure. However, the ecosystem farming campaign involves interacting with various dApps, some of which require impermissible activities like lending/borrowing, perpetuals, and gambling. A halal path exists to qualify for ecosystem airdrops by sticking to permissible tasks such as staking, swapping, and social verification, while strictly avoiding the lending, perps, and prediction market tasks.
Airdrop Tasks
Connect wallet and verify X
OptionalSocial verification is a permissible task.
Buy and withdraw $MON
RequiredPurchasing and depositing a permissible token for gas is allowed.
Delegate $MON to validator
OptionalNative Proof-of-Stake delegation is generally permissible.
Liquid staking routing
OptionalUsing liquid staking protocols for a permissible L1 is allowed.
Swap tokens on DEXs
OptionalSpot swapping permissible tokens is allowed.
Deposit into liquidity pools
OptionalProviding liquidity to AMMs is debated among scholars; proceed with caution.
Supply/borrow on lending protocols
OptionalInterest-based lending and borrowing is strictly prohibited (Riba). Avoid this task.
Open perpetual futures positions
OptionalPerpetuals and margin trading involve leverage and excessive uncertainty. Avoid this task.
Make price predictions (bets)
OptionalPrice prediction markets are a form of gambling (Maysir). Avoid this task.
Why This Verdict
The overall Monad ecosystem campaign is rated Doubtful because farming it requires navigating a mix of permissible and strictly prohibited decentralized applications. Regarding simply holding the asset, the $MON token is rated Doubtful in the system matrix due to the surrounding ecosystem activities, though the token itself is fundamentally used for gas on a neutral Layer 1 blockchain, making it permissible to receive and hold. The complexity lies in the opt-in mechanisms used to farm future ecosystem airdrops. Several tasks are Halal, including connecting a wallet for social verification, purchasing and depositing $MON, delegating stake to native validators, using liquid staking protocols, and spot swapping tokens on decentralized exchanges. Providing liquidity to DEX pools is rated Doubtful, as the mechanics of automated market makers remain debated among scholars. Crucially, three opt-in tasks are strictly Haram and must be avoided: supplying or borrowing on lending protocols which involves Riba, opening perpetual futures positions which involves leverage, and making price predictions on platforms like Blinq which constitutes gambling. A halal path exists only if an investor restricts their activity to the permissible tasks.
Points of Caution
- !Ecosystem farming guides explicitly recommend interacting with lending protocols, perpetuals, and prediction markets, which must be actively avoided by Muslim investors.
- !Providing liquidity to DEX pools is a debated practice among scholars and carries a Doubtful status.
- !Users must be highly vigilant against phishing links impersonating the official Monad claim portal or ecosystem dApps.
Purification Note
Simply holding the $MON token or participating in the permissible farming tasks does not generate impure income, so no purification is required. If an investor accidentally earns yield from the haram opt-in tasks, such as interest from lending protocols or winnings from prediction markets, the entirety of those specific earnings must be purified by donating them to charity.
Bottom Line
The Monad blockchain and its native $MON token are permissible to use and hold as neutral infrastructure. However, participating in the broader ecosystem airdrop campaign requires careful navigation, as several promoted dApps involve interest-based lending, leveraged trading, and gambling. Muslim investors can safely participate by sticking exclusively to permissible tasks like staking and spot swapping while strictly avoiding the prohibited activities. Final religious authority rests with a qualified scholar.
Other Airdrop Opportunities
N1
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LayerZero
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MegaETH
MegaETH is a high-performance, EVM-compatible Ethereum Layer-2 blockchain targeting over 100,000 transactions per second (TPS) and sub-millisecond latency for real-time applications.