Sheesha Finance Strategy Enhancement
After extensive discussions with the management and advisors of Sheesha Finance, we have decided to make strategic improvements to our business model.
The Sheesha Finance principle of providing Venture Capital level exposure to our community through the best crypto start-ups will remain at the core of our business model. The enhancement will modify how we manage token distribution from our partner projects so that we can provide a host of economic benefits and streamline the user experience. All of this will bring more value to our community while mitigating a lot of the recent difficulties.
Through reinvesting all new partner tokens into the Sheesha ecosystem, our users can expect greater rewards to be paid in $SHEESHA alongside growth in the value of our native token. In essence, the $SHEESHA token will now represent the investment value of our underlying partner tokens in addition to providing a multitude of use cases.
Instead of accumulating smaller amounts of many different tokens, reward tokens will be invested into $SHEESHA directly, with rewards paid in our native token through staking on the Dashboard. Native $SHEESHA will capture the value of every high-potential project in the ecosystem, and our users will gain rewards for projects on all distribution chains instead of having to choose just one.
Solutions & Benefits
Since launching Sheesha Finance just over 1 year ago, we have been monitoring our business model to see how it can be optimised for the community in the long run.
While the automatic generation of rewards for all partner projects has been successful, there are a few notable drawbacks that are solved by the upcoming enhancement:
Efficient Distributions: It can be extremely difficult for our partners to bridge their assets, due to a lack of bridging mechanism and liquidity for the bridged tokens, which has caused several delays and resulted in missed opportunities for our community.
Lower Gas Fees: In addition to generating a higher total APY through exposure to every single project partner, our users will also benefit from lower costs due to the reduced gas fees involved in the process of claiming their rewards from individual project partners. Streamlining this process means lower costs, higher rewards, and a considerably smoother user experience.
Value Proposition: The $SHEESHA token will now capture the value for every single Sheesha Finance partner, across all chains, instead of just being a utility token for the platform. Users will accrue a larger amount of $SHEESHA tokens through staking, all while benefitting from its improved value proposition and price action. The $SHEESHA token will have greater liquidity levels, will see improved price action, and be managed simply through one token, improving APY and providing more upside potential for the Sheesha Finance community.
Onwards & Upwards!
The Sheesha Finance Strategy Enhancement will soon be going live. All existing partner tokens will continue to generate rewards for our users, but all future and upcoming distributions will begin to be represented through native $SHEESHA.
Streamlining the rewards process will produce a host of benefits for our community. In addition to improved price action the token will provide utility for some brand-new features such as access to the NFT Lottery, Sheesha Launchpad and having your say through the Community DAO. We’re tremendously excited about the future of Sheesha Finance, and we believe this enhancement will result in a vastly improved user experience alongside higher reward potential for our community.
Stay tuned, as more information is on the way regarding the developments taking place here at Sheesha Finance. And as always, feel free to check out our community Telegram channel if you have any questions whatsoever.
Community AMA with Saeed (CEO of Sheesha Finance)
When: Thursday June 16th 3:00pm GST (1:00pm CET)
Where: Sheesha Finance Telegram
We want to give the community a chance to ask questions and engage with us around the new enhancement. That is why Saeed Al Darmaki, the CEO and founder of Sheesha Finance, will be on our Telegram channel to host a Live Community AMA.
This will be the perfect opportunity to ask questions and gain a better understanding of the new business enhancement. We will be requesting your questions on Twitter, so make sure to keep an eye out for the post!
Just in case you can’t attend the live event, we’ll be doing a full recap of the Community AMA with Sheesha Finance CEO, Saeed Al Darmaki. This will be published right here on our Medium.
Why Stake with Sheesha?
Sheesha Finance is a leading DeFi Staking Platform. We provide benefits from a premium, diversified cryptocurrency portfolio, with a staking platform that rewards investors of any size, from small to large ticket holders.
We have built an Investment and Incubation platform, Sheesha Foundry, with an extensive network of partners who are thought leaders in the crypto space. This allows us to consistently discover promising projects in their early stages.
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.