Is this crypto halal? Shariah screening report

Kelp DAO Restaked ETH

RSETH

Comfortable

Price: $2,639.39
Market cap: $1.10B
Circulating supply: 415,003.729
24h change: 1.04%

Report generated 8/27/2026, 6:34:27 PM · stored corpus assessment · confidence 88%

Crypto Halal Report Criteria

We use a disciplined framework to determine if a digital asset is Comfortable from a sharia perspective, based on three core pillars.

Purpose & Real-World Value Clear

Honesty & Founder Intent Clear

The token distribution appears to be based on actual ETH deposits, with users receiving RSETH proportional to their staked ETH. The protocol operates transparently, with clear documentation of how staking rewards are calculated and distributed.

Dealing with Risk & Speculation Clear

Speculative trading of a real asset is treated as trade, not gambling, under the screening framework.

Crypto Overview

DeFiEthereum EcosystemLiquid Staking DerivativesOptimism EcosystemBase Ecosystem

Purpose and Utility

DeFi Ethereum Ecosystem Liquid Staking Derivatives Optimism Ecosystem Base Ecosystem RSETH is a liquid staking token representing ETH that has been restaked through Kelp DAO. The protocol allows users to stake their ETH while maintaining liquidity through the RSETH token. When users deposit ETH into Kelp DAO, they receive RSETH tokens that represent their staked position. The primary purpose of RSETH is to enable users to participate in Ethereum staking while maintaining liquidity and potentially earning additional rewards through restaking. The protocol distributes staking rewards to RSETH holders proportional to their holdings. Utility Analysis 1. Primary Function: RSETH serves as a liquid representation of staked ETH, allowing users to maintain liquidity while participating in network validation. 2. Current Usage: The token is actively used for its intended purpose, with users staking ETH through the protocol and receiving RSETH in return. 3. Business Model: The protocol generates rewards through legitimate staking activities on the Ethereum network, which is compliant with Islamic principles as it involves securing the network and providing a valuable service. 4. Development Activity: Kelp DAO maintains regular updates and improvements to their protocol, indicating genuine development efforts.

Token Distribution

Rating Justification

Comfortable

After analyzing Kelp DAO's RSETH, we find that its core functionality aligns with Islamic financial principles. The token represents actual ownership of staked ETH and provides legitimate utility through network validation services. The staking mechanism does not involve traditional interest-bearing arrangements but rather rewards for providing network security services. The protocol's transparency and clear utility in facilitating network validation suggest it serves a legitimate purpose in the Ethereum ecosystem. While the protocol involves speculative elements due to price fluctuations, the underlying activity of staking and network validation represents real value exchange.

While we find this token comfortable to invest in from a Shariah-screening perspective, this does not imply we think it is a strong investment.

Comparable assessments

Axelar Wrapped Frax Eth AXLFRXETH
Comfortable
Comfortable — Based on our analysis, AXLFRXETH serves a legitimate technical purpose as a wrapped token enabling cross-chain transfers. The token's utility is clear and strai
Open report
Coinbase Wrapped BTC CBBTC
Comfortable
Comfortable — CBBTC represents a straightforward wrapped version of Bitcoin with clear utility for accessing Ethereum's ecosystem. The 1:1 backing with Bitcoin, transparent c
Open report
Coinbase Wrapped Staked ETH cbETH
Comfortable
Comfortable — From a Shariah compliance perspective, cbETH represents legitimate utility as a liquid staking solution. The token has clear underlying value (staked ETH), faci
Open report
Frankencoin ZCHF
Comfortable
Comfortable — Based on our analysis, Frankencoin's core functionality of providing a stable medium of exchange backed by cryptocurrency collateral aligns with Islamic finance
Open report
Lido wstETH WSTETH
Comfortable
Comfortable — From a Shariah compliance perspective, wstETH represents actual ownership of staked ETH assets and provides clear utility through its role in Ethereum's proof-o
Open report

Disclaimer: These reports are findings of AI analysis and cannot be guaranteed to be accurate. Ratings reflect opinions derived from automated criteria applied to the sources you submitted and a corpus of prior assessments. This is not a fatwa and does not determine Islamic law. Ratings may change as projects evolve. Always conduct your own research before investing.

corpus