Greetings Bancor Pool Liquidity Providers
Sheesha Finance wants to extend a thank you all for the interest in the Sheesha staking pool. We bring good news!
We greatly appreciate the interest that many of you have expressed in our very own Sheesha Pool that launched on Bancor in early January. The cap of 50,000 BNT was quickly filled and we are humbled by the speed with which it was.
We understand full-well how disappointing it can be to miss the boat on great opportunities. Such opportunities are the principal benefits that we provide to our community. It is our mission to provide as many of you as possible with access to fantastic crypto projects and opportunities. That being said…
🥁 🥁 Drum Roll Please 🥁🥁
We are happy to announce that a proposal was recently put forward to raise the market cap of the liquidity pool from 50,000 BNT to 250,000 BNT.
You asked, and we’ve listened!
This proposal is expected to appear on the voting snapshot set for February 6, 2022. Make sure to stake your vBNT for voting before this date to take part in the DAO decision. This proposal requires a 35 percent quorum and a 66.7 percent supermajority to pass.
Sheesha is pulling from our treasury and is happy to commit an extra 4,200 SHEESHA (~$502k) to be staked single-sided. With BNT at $2.51 and SHEESHA at $119.53, there will be space in the pool.
$SHEESHA pools with the deepest liquidity on Ethereum DEXes
For further information about $SHEESHA pools on Ethereum DEXes, consider the following:
The SHEESHA/ETH pool on Uniswap v2 has $4,009,181 liquidity.
The SHEESHA 0.2% pool on Bancor has $270,061 liquidity.
About Bancor
Bancor is a liquidity protocol that provides automated, decentralized Exchange services. Through a series of smart contracts that manage on-chain conversion tokens, Bancor makes it effortless and quick to convert tokens without having to go through an exchange. The protocol’s smart contracts manage liquidity pools that users can provide liquidity to, and in return, receive attractive APY’s.
DAOs deposit their treasuries into the Bancor protocol in exchange for auto-compounding yields that are free of impermanent loss (IL). These yields are then distributed to the DAOs’ hodlers. This way everyone wins when token prices rise.
It is the best place to earn on liquidity, holding the majority of DEX liquidity for tokens such as:
With single-token exposure and full IL protection, more DAOs and token holders are turning to Bancor.
We could not be more thrilled to be part of the growing Bancor ecosystem!
Be sure to keep an eye on the launch and to take part before space fills up, and of course, enjoy that sweet APY 🥳 🎉
