FAQ

General

What is SalamCraft?

SalamCraft is a Shariah-compliant DeFi protocol on Solana. It currently offers trading with up to 250x risk exposure, designed to follow Islamic finance principles. The protocol is currently on devnet.

What blockchain is SalamCraft on?

Solana. You need a Solana wallet (Phantom, Solflare, etc.) and SOL for transaction fees.

Is SalamCraft audited?

SalamCraft is currently on devnet. A formal audit will be conducted before mainnet launch.

Trading

What markets are available?

Currently: SOL-USDC, BTC-USDC, and ETH-USDC.

What is the maximum risk exposure?

Up to 250x, depending on the market and pool configuration.

How are prices determined?

SalamCraft uses Pyth Network oracle price feeds for real-time, tamper-resistant pricing.

How does the financing work?

Both buy (long) and sell (short) positions use Qard — an interest-free loan from the pool. The pool lends USDC for buys and base tokens for sells. The trade itself is executed via Wakalah (agency) at the oracle price. See How It Works for details.

What happens if I get liquidated?

Your remaining margin (after deducting losses and liquidation fees) is returned to the pool. The liquidator receives a fee for executing the liquidation.

Is there a maximum profit?

Yes. Each market has a max profit cap to protect the liquidity pool. This is typically a percentage of the position's notional value.

Liquidity

How do I earn as an LP?

Deposit tokens into a pool and receive LP tokens. You earn a share of all Ujrah (service fees) generated by trading activity.

Can I lose money as an LP?

Yes. If traders are consistently profitable, the pool value decreases. LPs are the counterparty to all trades.

Is there a lock-up period?

There is a short cooldown period after depositing to prevent flash-loan exploits. After the cooldown, you can withdraw at any time, subject to available liquidity.

Shariah Compliance

How is this different from regular DeFi?

SalamCraft uses Qard (interest-free loans) for financing both buy and sell positions, and Wakalah (agency) for trade execution. Fees are structured as Ujrah (service fees), not interest. See Shariah Compliance for details.

Disclaimer

SalamCraft has been designed with Islamic finance principles in mind. However, individual scholars and jurisdictions may have varying interpretations. We encourage users to consult with their own Shariah advisors regarding the permissibility of participation.