Sheesha Finance Partnership Spotlight: Alpaca Finance
Dear Sheeshans, today we bring exciting news!
We have been invited into the herd and have joined up with our friends at Alpaca Finance (https://www.alpacafinance.org/). Alpaca Finance is a leverage yield farming protocol built on the Binance Smart Chain. It allows yield farmers to earn higher returns by opening leveraged positions
Stakers on the Alpaca Finance platform will be able to stake ibALPACA for $89k USD in SHEESHA rewards, which will be distributed over 4 weeks in the Grazing Range. The pool will go live on Oct 26th, 2021 at 10 AM GMT. Alpaca Finance members also have a chance to earn exclusive NFTs if they meet the staking criteria. A leveraged yield farming pool for SHEESHA may be supported in the future if it meets the minimum liquidity requirements.
Grazing Range Reward Details
Total Rewards: 650 SHEESHA (~$89k USD)
SHEESHA Token: 0x232FB065D9d24c34708eeDbF03724f2e95ABE768
Rewards Period: 4+ weeks
Rewards Start Block: 12,110,000 (Approx. Oct 26th, 2021 10 AM GMT)
Rewards End Block: 12,916,400 (Approx. Nov 23rd, 2021 10 AM GMT)
To be eligible, Alpacas must stake ibALPACA in the SHEESHA Grazing Range pool before October 27th, 10 AM GMT (1 day after the pool opens) and stake until at least November 23rd, 10 AM GMT (for 27 days). The NFT tier you receive will be based on the amount of ibALPACA staked.
- Green Tier: staked at least 500 ibALPACA
- Silver Tier: staked at least 5,000 ibALPACA
- Gold Tier: staked at least 50,000 ibALPACA
About Alpaca Finance:
Alpaca finance is a fair launch leveraged yield farming protocol on the Binance Smart Chain. It allows lenders to earn a safe and stable yield, while offering borrowers undercollateralized loans for leveraged yield farming positions, multiplying their farming principles and resulting in profits. Alpaca amplifies the liquidity of integrated exchanges improving their capital efficiency by connecting LP borrowers and lenders, helping bring the power of finance to the members of the Alpaca herd.
“We are really excited to have our tokens made available to Alpaca Finance members. Bringing Sheesha and Alpaca Finance together will help make the DeFi a stronger space. By working together, we are able to help promote and bring utility to more users, increasing engagement and adoption across the entire DeFi industry.” says Sheesha Finance CEO, Saeed Al Darmaki.
About Sheesha Finance
Sheesha Finance is the leading decentralized DeFi mutual fund 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.
Stay up to date with everything Sheesha Finance 👇