Is staking $time from wonderland halal?
I’m interested to know if this method is halal
This is some of Its information:
The main benefit for stakers comes from supply growth. The protocol mints new TIME tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
The main benefit for minters comes from price consistency. Minters commit a capital upfront and are promised a fixed return at a set point in time; that return is given in TIME tokens and thus the minter’s profit would depend on TIME price when the minted TIME matures. Taking this into consideration, minters benefit from a rising or static price for the TIME token!
There are two main strategies for market participants: staking and minting. Stakers stake their TIME tokens in return for more TIME tokens, while minters provide LP tokens or MIM tokens in exchange for discounted TIME tokens after a fixed vesting period.