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Deposit / Redeem vZAP
Bridge stablecoins from another chain, then deposit into duPRT.
These arrived from a bridge but haven't been deposited yet. Deposit them now:
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Connect your wallet to bridge.
Wallet: {{ walletAddress }} · your wallet will be switched to the source chain when you bridge.
Fetching route…
You receive on Berachain:
{{ zapQuote.dstHuman }} {{ zapCurrentRoute() && zapCurrentRoute().mintHoney ? 'USDe → HONEY' : zapAsset }}
Bridge fee: {{ (zapQuote.nativeFee/1e18).toFixed(6) }} (native gas token)
{{ zapMsg }}
Redeem first (above / on the Deposit page), then bridge the stablecoin out. HONEY can't bridge out.
You receive: {{ zapOutQuote.dstHuman }} {{ zapOutAsset }}
Fee: {{ (zapOutQuote.nativeFee/1e18).toFixed(6) }} BERA
trUST vZAP
Bridge stablecoins from another chain, then mint trUST.
These arrived from a bridge but haven't been minted yet. Mint trUST now:
{{ a.asset }}
Connect your wallet to bridge.
Wallet: {{ walletAddress }} · your wallet will be switched to the source chain when you bridge.
Fetching route…
You receive on Berachain:
{{ zapQuote.dstHuman }} {{ zapCurrentRoute() && zapCurrentRoute().mintHoney ? 'USDe → HONEY' : zapAsset }}
Bridge fee: {{ (zapQuote.nativeFee/1e18).toFixed(6) }} (native gas token)
Note: trUST minting may require KYB approval. If your wallet isn't approved, the final mint will be queued or rejected by the operator. Bridged funds remain safe in your wallet either way.
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Redeem trUST first (on the trUST page), then bridge the stablecoin out.
You receive: {{ zapOutQuote.dstHuman }} {{ zapOutAsset }}
Fee: {{ (zapOutQuote.nativeFee/1e18).toFixed(6) }} BERA
LP Farms
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APY
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TVL
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My Deposit
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Farm on Kodiak
LP farms will appear here once vault share tokens have liquidity pools deployed.
Dashboard
Connect your wallet for your positions. Protocol stats are live below.
Your SukukFi portfolio and live protocol stats.
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Backing & composition
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Stablecoin reserves backing circulating trUST — each segment is the on-chain balance held in that asset's trUST vault.
PrimeTel USD Mudarabah vault
Open →{{ dashUsd(dashDuprtDeposited()) }}
21% profit share (projected)
Projection: assumes the Fuze Finance IBAN collects about $3.1m per month, generating about $52.5k per month in vault profit share, annualized against the $3m vault hard cap. Not a realized or contractual rate.
Performance fee waived
Risk assessment →
Capital lifecycle
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Pending deposits are queued for fulfillment and don't earn yield yet. Claimable redemptions are already fulfilled and waiting to be claimed. Cancelled requests are returned before fulfillment. Invested capital is the only slice actively financing PrimeTel's invoices and earning profit share.
Your portfolio
Connect your wallet to see your positions, activity, and zakat.
Claimable now
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Capital deployed
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Wallet available
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Total value
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Vault positions
Loading positions…
No vault positions yet.
| Asset | Status | Pending | Claimable | Total | |
|---|---|---|---|---|---|
| {{ row.asset }} | {{ row.status }} | {{ dashUsd(row.pendingDepositUsd) }} | {{ dashUsd((row.claimableDepositUsd||0)+(row.claimableCancelUsd||0)+(row.claimableRedeemUsd||0)) }} | {{ dashUsd(row.totalUsd) }} | Manage |
Recent activity
Scanning history…
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No recent activity.
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Zakat calculator
Total wealth
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Zakat ({{ dashZakat.pct }}%)
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Frequently Asked Questions
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Connect your wallet
Connect to access your referral dashboard and earn referral rewards on capital you introduce.
Loading…
YOUR REFERRAL LINK
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Share this link. When an LP deposits using it, you earn 5% of the fees their capital generates, starting 30 days after their first deployment.
LPs REFERRED
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ELIGIBLE (30d+)
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REWARDS PAID
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REFERRED LPs
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{{ lp.eligible ? 'Eligible' : lp.daysLeft > 0 ? lp.daysLeft + ' days left' : 'Awaiting deployment' }}
Checking for referred LPs…
No referrals yet. Share your referral link to get started.
Referral reward is calculated monthly across all active vaults, weighted by your referred deployed capital versus total protocol deployed capital, and paid in a stablecoin directly to your wallet. Nothing needs redeeming. Attribution and the 30-day deployment minimum are recorded on-chain; the payment is made by the operator.
Become a Referrer
Share your referral link. If someone follows it and keeps capital deployed for 30 days, you earn a share of SukukFi platform fees, paid monthly in a stablecoin. You receive no part of their deposit and no share of their return. Programme rules apply.
1
Register once to get your unique referral link
2
Share the link with investors. They deposit via your link
3
After 30 days of their deployment you earn 5% of their fee contribution, paid monthly
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Circulation
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Txns Settled
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Total Minted
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Total Redeemed
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Select asset
Popular networks
Networks A–Z
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{{ t.direct ? ('Berachain · ' + (trustMode === 'mint' ? 'Direct mint' : 'Receive')) : (t.chainLabel + ' · ' + (t.nearOnly ? 'Send via NEAR Intents' : 'Bridge via LayerZero')) }}
{{ trustAssetBalances[t.dstAsset] }}
→ trUST
No tokens match your search
trUST
Synthetic Settlement DollarDeposit stablecoins to mint trUST 1:1. Mint requests need operator approval.
Burn trUST to receive USDC.e, USD₮0, or HONEY. Redemptions settle on-chain.
{{ trustMode === 'mint' ? 'You pay' : 'You burn' }}
You send from your {{ trustZapRoute.chainLabel }} wallet
Balance:
{{ zapSrcBal ? (+zapSrcBal).toLocaleString(undefined, {maximumFractionDigits: 4}) : '0' }} {{ trustZapRoute.symbol }}
{{ trustAssetBalances[trustAsset] }} {{ trustAsset }}
{{ trustTrustBalance }} trUST
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trUST
You receive (estimated)
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Vault available: {{ trustVaultAvailable[trustAsset] }} {{ trustAsset }}
trUST
Minting trUST needs operator approval. Your stablecoins lock in the vault until the operator issues your trUST.
Route
{{ opt.provider === 'oft' ? 'Sign from wallet' : 'Send from wallet' }}
{{ opt.provider === 'oft' ? 'LayerZero · approve + sign' : 'NEAR Intents · transfer to address' }}
{{ zapOptQuotes[opt.provider].out.toLocaleString(undefined,{maximumFractionDigits:4}) }}
{{ zapOptQuotes[opt.provider].feePct.toFixed(3) }}%{{ zapOptQuotes[opt.provider].eta ? ' · ~'+zapOptQuotes[opt.provider].eta+'s' : '' }}
unavailable
quoting…
enter amount
Mints into trUST
≈ {{ zapExpectedOut().toLocaleString(undefined,{maximumFractionDigits:4}) }} trUST · min {{ zapMinDeposit() }}
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Connect to view balances and transact
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View tx →
Select asset
Popular networks
Networks A–Z
{{ t.symbol }}
{{ t.direct ? ('Berachain · ' + (vaultMode === 'deposit' ? 'Direct deposit' : 'Receive')) : (t.chainLabel + ' · ' + (t.nearOnly ? 'Send via NEAR Intents' : 'Bridge via LayerZero')) }}
{{ vaultAssetBalances[t.dstAsset] }}
→ {{ t.mintHoney ? 'HONEY' : t.dstAsset }}
No tokens match your search
duPRT
PrimeTel USD Mudarabah Vault
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USDC.e
{{ vaultTotalAssets['USD₮0'] }}
USD₮0
{{ vaultTotalAssets['HONEY'] }}
HONEY
Pending
{{ parseFloat(vaultPendingDeposit) > 0 || vaultPendingCancelDeposit ? vaultPendingDeposit : '—' }}
{{ vaultPendingCancelDeposit ? 'Cancel processing' : 'Awaiting approval' }}
{{ vaultAsset }}
{{ parseFloat(vaultPendingRedeem) > 0 || vaultPendingCancelRedeem ? vaultPendingRedeem : '—' }}
{{ vaultPendingCancelRedeem ? 'Cancel processing' : 'Awaiting fulfillment' }}
duPRT
Claimable
{{ parseFloat(vaultClaimableShares) > 0 ? vaultClaimableShares : (parseFloat(vaultClaimableCancelDeposit) > 0 ? vaultClaimableCancelDeposit : '—') }}
duPRT
{{ parseFloat(vaultClaimableAssets) > 0 ? vaultClaimableAssets : (parseFloat(vaultClaimableCancelRedeemShares) > 0 ? vaultClaimableCancelRedeemShares : '—') }}
{{ vaultAsset }}
Balance
{{ vaultDuPRTBalance }}
duPRT
1
Deposit
2
{{ vaultPendingCancelDeposit ? 'Cancelling' : 'Pending' }}
Stablecoins lock in the vault immediately. The investment manager reviews the request and issues duPRT shares after approval.
3
Claim duPRT
Your action
4
Earning yield
~15 day cycles
1
Redeem
2
{{ vaultPendingCancelRedeem ? 'Cancelling' : 'Pending' }}
duPRT shares lock in the vault on request. The investment manager releases your underlying assets after fulfilling the redemption.
3
{{ parseFloat(vaultClaimableCancelRedeemShares) > 0 ? 'Reclaim duPRT' : 'Claim ' + vaultAsset }}
Your action
4
Received
In your wallet
Audited
Islamic finance principles
Real-world backed
{{ vaultMode === 'deposit' ? 'You pay' : 'You burn' }}
You send from your {{ vaultZapRoute.chainLabel }} wallet
Balance:
{{ zapSrcBal ? (+zapSrcBal).toLocaleString(undefined, {maximumFractionDigits: 4}) : '0' }} {{ vaultZapRoute.symbol }}
{{ vaultAssetBalances[vaultAsset] }} {{ vaultAsset }}
{{ vaultDuPRTBalance }} duPRT
{{ zapSrcHint }}
Min deposit: {{ zapMinDeposit() }} {{ vaultZapRoute ? vaultZapRoute.dstAsset || vaultAsset : vaultAsset }}
duPRT
You receive (estimated)
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Your duPRT balance: {{ vaultDuPRTBalance }}
Your {{ vaultAsset }} balance: {{ vaultAssetBalances[vaultAsset] }}
duPRT
Claimable duPRT: {{ vaultClaimableShares }}
Refund ready: {{ vaultClaimableCancelDeposit }} {{ vaultAsset }}
Claimable {{ vaultAsset }}: {{ vaultClaimableAssets }}
Refund ready: {{ vaultClaimableCancelRedeemShares }} duPRT
Cancellation fulfilled
{{ vaultClaimableCancelDeposit }} {{ vaultAsset }}
Your deposit was cancelled. Claim your refund.
duPRT ready to claim
{{ vaultClaimableShares }} duPRT
The operator approved your deposit. Claim your duPRT shares.
Redemption cancelled
{{ vaultClaimableCancelRedeemShares }} duPRT
Your redemption was cancelled. Reclaim your duPRT shares.
{{ vaultAsset }} ready to claim
{{ vaultClaimableAssets }} {{ vaultAsset }}
The operator processed your redemption. Claim your stablecoins.
This vault is inactive and not accepting deposits.
Connect to view balances and transact
Route
{{ opt.provider === 'oft' ? 'Sign from wallet' : 'Send from wallet' }}
{{ opt.provider === 'oft' ? 'LayerZero · approve + sign' : 'NEAR Intents · transfer to address' }}
{{ zapOptQuotes[opt.provider].out.toLocaleString(undefined,{maximumFractionDigits:4}) }}
{{ zapOptQuotes[opt.provider].feePct.toFixed(3) }}%{{ zapOptQuotes[opt.provider].eta ? ' · ~'+zapOptQuotes[opt.provider].eta+'s' : '' }}
unavailable
quoting…
enter amount
Deposited into duPRT
≈ {{ zapExpectedOut().toLocaleString(undefined,{maximumFractionDigits:4}) }} {{ vaultZapRoute.dstAsset || vaultAsset }} · min {{ zapMinDeposit() }}
{{ zapSrcWarn() }}
{{ vaultStatusMsg }}
View tx →
PrimeTel
Projected profit share
Projection: assumes the Fuze Finance IBAN collects about $3.1m per month, generating about $52.5k per month in vault profit share, annualized against the $3m vault hard cap. Not a realized or contractual rate.
21%
This vault finances PrimeTel's purchase of wholesale voice capacity and collects repayment under defined invoice cycles. Capital providers earn a Mudarabah profit share on each settlement cycle.
Market Context
- Voice minutes trading is wholesale buying and selling of international telecom call capacity.
- Routing engines optimise across many suppliers to improve margin, route quality, and unit economics.
Debtor Profile
- PrimeTel is a Cypriot quad-play telecom operator (mobile, fixed internet, fixed-line, and TV). It operates its own mobile and fiber infrastructure, including landing stations and data centers in Cyprus.
- PrimeTel holds an estimated 11% share of the Cyprus telecom market and participates in global wholesale carrier trading with a broad partner network.
- Signal Capital Partners is acquiring the company through the receivership, converting its debt position to equity. It was both a shareholder and PrimeTel\'s primary lender for five years beforehand, so this is a creditor taking ownership rather than a market failure. The acquisition is still in process.
Underwriting Structure
- The vault funds capacity purchases in near real time through CommTrade-integrated workflows.
- PrimeTel purchases on a twice-monthly invoice cycle, with each invoice due in 15 days.
Important Notes
- Invoices issued on the 16th and 1st of each month; payment due 15 days after each invoice.
- Performance fee (up to 20%) is currently waived for this vault.
- Standard withdrawals depend on invoice repayment timing.
- For immediate liquidity, vault bond tokens may be sold on Kodiak, subject to slippage and market depth.
Risk assessment for the PrimeTel vault. Performance fee (up to 20%) is currently waived for this vault.
Credit & Recovery
Obligor Credit Quality
Medium. PrimeTel defaulted on a loan from Signal Capital Partners in July 2023 and was placed into receivership, and remains under receivership on the Cyprus companies registry today. Signal announced in 2023 that it would acquire the company through that process, but the process has not been concluded on the register and a receiver remains in office. The pattern matches a common private credit practice known as loan-to-own: Signal was already both PrimeTel's shareholder and primary lender for five years before triggering the receivership itself, a sequence more consistent with a negotiated transition by a committed owner than with a disorderly collapse. Trade obligations were never disrupted. PrimeTel holds licensed spectrum, mobile and fibre infrastructure including landing stations and data centres, and roughly 200,000 subscribers. No annual return has been filed since September 2020, so this assessment rests on trade payment behaviour and observable assets rather than on financial statements, and we cannot verify the current value of that asset base. See the full credit assessment for the complete risk factor table.
Structural Protection
Trade invoice payments to suppliers continued uninterrupted throughout the 2023 receivership. Before capital is applied, JS Telecom assigns the receivable to SukukFi Ltd and written notice is served on PrimeTel. That assignment is a protection against JS Telecom's insolvency: it is designed to take the receivable outside the supplier's estate. It gives no protection against PrimeTel failing to pay, which is the obligor risk rated above.
Negative Yield Risk
Medium. SukukFi has a non-judicial recovery route it uses first: netting balances against another obligor in the telecom interconnection network, rather than collecting from PrimeTel directly. This recovers an estimated 66.66% to 75% of what's owed, over roughly the same 30 days as a normal settlement cycle. Legal action only follows if that route isn't available or doesn't work. At that point PrimeTel could enter insolvency proceedings, and a liquidator decides what gets repaid, not SukukFi. Recovery through the courts could be zero. This comes from SukukFi's own recovery methodology, not an independent audit.
Operational
Invoice Verification
Very low. CommTrade confirms delivery before capital is advanced against an invoice. Capital never moves against a claimed invoice, only a verified one. This covers invoice fraud specifically, not a general fraud rating.
Liquidity Risk
Medium — primary exit follows invoice repayment timing. Settlements arrive twice monthly on 15net15 terms, so most requests are fulfilled within 15 days.
Fuze Operational Risk
Low to medium. LP deposits sit in on-chain vault contracts, not with Fuze. The invoice payment lands in an account in the carrier's name at Fuze, which Fuze operates and from which the carrier cannot move funds itself, then converts to stablecoin and settles to the vault's settlement contract. Because the receivable is assigned before capital is applied, amounts credited to that account are held on trust for the vault. Stablecoin is held segregated and not rehypothecated. Fuze is not yet a party to the assignment, so on a carrier insolvency an officeholder could instruct it to stop; a tripartite Payment Services Protocol and Liability Acknowledgement (JS Telecom, Fuze and SukukFi Ltd), part of the legal pack, is being finalised for execution to close that gap. Residual risk is also timing: Fuze may hold or freeze a balance at its discretion for AML, sanctions, or regulatory reasons, with no fixed settlement window, and its liability is capped at prior-quarter fees, not principal. SukukFi tracks settlement against CommTrade data and maintains a processor-substitution contingency.
Notes
Redemptions follow the 15net15 settlement cycle: PrimeTel pays invoices twice monthly, so most requests are fulfilled within 15 days. For immediate liquidity, vault bond tokens may be sold on Kodiak, subject to slippage.
Accepted Assets
HONEYUSDCUSDT0On-chain Details