The current state of the Crypto market has filled even the most diehard of believers with some measure of doubt. Just a short while ago we were celebrating $60,000 Bitcoin and today it’s below $30,000. While many will argue to look at the bigger picture, the short term though can be confidence draining at times. The Defi space has been hit way harder in my opinion, lots of scams, rug pulls, exploitations and the likes. In spite of all the negativity, watching everything grow decentralized and watching the spread of Decentralized Finance has been a joy to watch. Watching things like Web3, Insurance, Exchanges, Savings, Asset Management, Mutual Funds etc move to Defi further reassures my belief that Crypto and Blockchain are indeed the future of not just Finance but the world.
A couple of Defi projects are very promising and even with the state of the market are doing pretty big things. I follow quite a couple of them in their development and I must say it gives a feeling that we have only witnessed the beginning of the Defi revolution. One such project I am super excited about right now is Sheesha Finance. Sheesha Finance is a mutual fund that invests in early stage or established Defi projects. According to the team they are currently in talks with 90 Defi projects to invest in.
Under the leadership of one of a Blockchain heavyweight, Saeed Hareb Al Darmaki, the project has announced partnerships with over 10 projects whose tokens will be airdropped to the Sheesha Finance community members. The projects include; Base protocol, Eqifi, TeraBlock, Zignaly, Mozik, Royale Finance, Plasma Finance, Drife, Splinterlands, SportsIcon, Mercor Finance, Defire and a couple of others. Some of these projects are already big and established names in the Defi industry and as a Sheesha investor and community member I can’t wait to receive airdrops from these projects.
Sheesha Finance is shaping up to be a DAO in the upcoming months and holders and community members will have the power to decide what projects Sheesha Finance invests in. Another thing I love about Sheesha is that it gives investors the choice of where they want to invest with, either the Ethereum or Binance Smart Chain version of Sheesha. The team gives their community the freewill to choose what chain they believe in and want to pitch their tents with. If you are a staunch Ethereum believer who is against BSC and its quasi-centralization then you can invest in the Ethereum version of the Sheesha tokens. Likewise if you are the opposite and an ardent BSC enthusiast, who loves the speed and cheapness they bring then you can invest in the Binance Smart Chain version of the Sheesha token. Also it is worthy of note that if you are like me and like both chains then you can invest in both and reap rewards from both ends. According to the team more chains will be integrated in the future, talks have begun with FTX and I am excited for that. Investing in a project like Sheesha will always be a smart play in my opinion, as you don’t just invest in one project but you open the doorway to be able to get rewards in a ton of other projects. Not just any projects, but only the best of them as they have been vetted by some of the biggest name in the Crypto industry. It is definitely one project I’m excited for the long term.