Staking Rewards
How Will Partner Project Token Rewards Work?
Starting in early Q3 2021, and following the smart contract auditing underway, partner project tokens will be distributed every block via smart contracts to the wallets staking SHEESHA & LP tokens on the Sheesha Finance platform.
Let’s go through some FAQ to help explain the process.
Will rewards be distributed all at once? Token rewards will follow a vesting schedule. You will need to stake your tokens for the full period to receive your full pro-rata quota of rewards. You can stake your tokens any time to receive a proportional allocation of the tokens currently in distribution.
Do the rewards appear in my wallet? You will need to claim rewards and pay the transaction (gas) fee. Once this happens, the rewards will be transferred to your wallet via smart contract, and you add the token address to your wallet so that the tokens are visible in Metamask.
Which chain will get rewards? Sheesha Finance is multichain, meaning that we have both ERC20 and BEP20 tokens. Whilst there may be some cross-chain projects (with tokens on both chains) most partner projects have their tokens on one chain only. When we announce the new token smart contract distribution, we will let the community know which chain it is on.
How do I know how many rewards I will get? Each project has a different token swap agreement with Sheesha Finance. The new dashboard is launching soon will have all the available information such as how many tokens will be distributed and the vesting schedule. By looking at the total tokens staked, you will be able to estimate the approximate pro-rata amount that you will receive if the total tokens staked were to remain the same.
If I don’t have my tokens staked when distribution starts will I miss out? As rewards will distribute every single block, you don’t have to have your tokens staked before the smart contract distribution starts to receive your pro-rata allocation.
What is staking? Staking is where you lock in your funds via smart contract in a staking pool, and the contract issues pro-rata rewards whilst your tokens are locked, using an automated program with pre-programmed calculations to distribute.
Staking your SHEESHA and SHEESHA LP is like depositing your funds in a yield generating account. You passively earn not only SHEESHA token rewards, but also partner project tokens every block.
Since launching with an LGE in April 2021, Sheesha Finance has announced more than a dozen new blockchain partners. Partner token swaps were conducted at wholesale pre-seed prices and attached to a vesting period.
By staking SHEESHA and SHEESHA LP, you collect the partner tokens only for the price of the gas fees and grow your worth much faster than by holding a single token in your wallet alone.
Deposit your SHEESHA and LP — stake, lock and accrue your rewards, then claim!
About Sheesha Finance
Sheesha Finance is a leading decentralized DeFi Staking Platform allowing for premium cryptocurrency portfolio diversification and rewards. Sheesha Finance rewards investors of any size, from small to large ticket holders, with unlimited DeFi tokens from a diversified portfolio of projects. Sheesha Finance’s easily convertible assets can be freely utilized to maximize rewards and gain exposure to existing and upcoming DeFi projects. With plans to become a member-managed Decentralised Autonomous Organization (DAO), Sheesha Finance is dedicated to upholding full transparency and integrity within the DeFi space.
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