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The LifeDAO platform, a member-owned decentralized financial community, announced the launch of a stablecoin savings wallet with a target annual return of between 3% and 6%, fully compliant with Sharia law (the following article explains how to be Sharia compliant).
LifeDAO Nobank advantages?
Unlike traditional digital banks that are nothing more than electronic interfaces to traditional banks, LifeDAO Nobank completely eliminates the middleman and provides members with tools that allow them to manage their money completely independently without the need for any third party to hold their funds.
The technology behind the project was developed by Riyadh-based blockchain startup Takadao, which is backed by high-profile investors including Draper Associates and Wahed Ventures. It is also part of the Chainlink BUILD program and received funding from the Arbitrum Foundation.
Savings Wallet: An Account Without a Bank
A savings wallet works similarly to a traditional savings account, but with one key difference:
The funds remain under your full control and are not held by any other party, including LifeDAO itself.
Outstanding features:
- Only USDC and USDT (low-risk stablecoins) accepted
- Target annual return is between 3% and 6%
- Its goal is to protect capital while generating modest returns
- Available globally, regardless of specific country or legal system
How to achieve legal compliance?
The source of revenue in the wallet is DEX liquidity fees on exchanges between USDC and USDT, a model similar to how exchanges earn commissions when exchanging currencies.
Scholars generally agree that this structure complies with Islamic law.
Smart contracts automate the entire process without human intervention.
“LifeDAO” services currently provided:
| Serve | detail |
|---|---|
| life wallet | Fully owned stablecoin wallet |
| savings vault | Annual return rate 3-6% |
| life card | VISA Prepaid Stablecoin Card |
| Lid life | Sharia Compliant Insurance Alternatives |
| investment safe | To be launched in the second quarter of 2026 |
| Loans and loans between members | Will be launched in the third quarter of 2026 |
How to join:
LifeDAO is an invitation-only community that currently has nearly a thousand members.
You can join through an invitation from a current member, or you can apply to be on the waitlist and go through a simple verification process.
Profits are redistributed to members, and the community also serves as a platform for networking and financial education.
For more information you can visit the following links: living island
