Sheesha Finance Adopts Bancor’s DAO Treasury Management Solution
Today, Sheesha Finance is delighted to announce our use of Bancor as a DAO Treasury Management solution.
Bancor is the world’s first decentralised automated market maker. Its automated Single-Sided Staking system lets DAOs provide liquidity and earn passive income in their native token, whilst being fully protected from the risk of impermanent loss.
Bancor is quickly establishing itself as the go-to Treasury Management solution for DAOs looking to build long-term decentralised liquidity in their native token.
Read on to learn more about our latest move towards becoming a fully community-led DAO.
What Is Bancor?
Bancor is a decentralised network of on-chain automated market makers (AMMs) supporting instant, low-cost trading, as well as single-sided liquidity provision and 100% impermanent loss protection for any listed token. Overseen by the Bancor DAO, the protocol’s mission is to facilitate simple and safe access to decentralised trading and yield.
Bancor is presently the leading decentralised liquidity provider for key Ethereum tokens such as LINK, SNX, BAT, ENJ, wNXM, and others.
Bancor’s main benefits for DAOs and token holders include:
- Single-sided staking (i.e., stake SHEESHA only)
- 100% protection from impermanent loss
- Earn trading fees in SHEESHA
- Coming in Bancor V3: Auto-compounding SHEESHA liquidity mining rewards
Follow the following instructions in order to stake your SHEESHA on Bancor:
Steps for single-sided SHEESHA staking on Bancor:
1. Go to the SHEESHA pool on Bancor
2. Connect your Web3 wallet (e.g., MetaMask)
3. Select amount of SHEESHA you’d like to stake
4. Approve the transaction in your wallet
4. Earn and track your returns in your portfolio on Bancor: https://app.bancor.network/portfolio
You can follow Bancor on the following social platforms to stay up to date with everything they are doing:
A Word from Our CEO
“We have a great working relationship with Bancor and we look forward to using it as a DAO Treasury Management Solution. This is a truly massive step towards accomplishing our own goals of giving our $SHEESHA hodlers total control over Sheesha Finance. We already know that our community likes Bancor. We were delighted earlier this year to have a liquidity pool on Bancor and we believe that this next step in our DAO quest will be just as successful.” — Sheesha Finance CEO, Saeed Al Darmaki
Why Stake with Sheesha?
Sheesha Finance is a leading DeFi Staking Platform. We provide premium cryptocurrency portfolio diversification and rewards. Rewarding investors of any size, from small to large ticket holders, with DeFi tokens.
We have have a robust Incubation program, Sheesha Foundry, with an extensive network of partners who are thought leaders in the crypto space. This allows us to support projects that are pushing crypto innovation as well as invest in them at an early stage.
Our easily convertible assets can be used to maximise rewards and gain exposure to existing and upcoming DeFi projects. With plans to become a member-managed Decentralised Autonomous Organisation (DAO), Sheesha Finance is dedicated to upholding full transparency and integrity within the DeFi space.
Stake now and passively earn tokens from some of the hottest projects in the Crypto space.