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Royale & Sheesha light up to provide profitable staking apparatus through LGEs

The Royale Kingdom has found another ally in Sheesha Finance — a community-focused De-Fi platform. The alliance will bring about the launch of a profitable staking mechanism that is tremendously valuable to all network participants. Sheehsa and Royale are by no means new to each other. The founder of Sheesha, Saeed Hareb Al Darmaki was one of Royale Finance’s earliest investors. The bond and trust between these two De-Fi ecosystems has facilitated a mutually beneficial partnership that has opened the door for the creation and implementation of some interesting ideas when it comes to DeFi staking.

What is Sheesha Finance?

Sheesha Finance is a De-Fi project looking to redefine how blockchain ecosystems operate, self-fund, and engage their communities by creating a unique model which fosters full-scale transparency and integrity. With the growing popularity of De-Fi projects, many investors are now looking to commit to authentic De-Fi startups. Sheesha aims to make the process much easier for investors as well as the De-Fi ecosystems seeking exposure.

Sheesha aims to do this through a mechanism called the Liquidity Generation Event or LGE. The LGEs are staking mechanisms that encourage participants to select an available blockchain network and contribute Ethereum (ETH) or Binance Coins (BNB) over a certain period of time, two weeks in this case, in return for Liquidity Provision Tokens (LP) on the network they have chosen.

Sheesha Finance has conducted external audits of its platform to validate the security protocols and ensure its smart contracts are error-free; Sheesha received a 100% grading by Zokyo, a highly reputable auditing firm. Sheesha’s approach exposes its users to a wide array of interesting De-Fi projects and foregoes the stress of manually searching for viable De-Fi investment opportunities. By staking LP tokens with Sheesha, network participants will be able to earn Sheesha’s native tokens as well as the tokens of other existing and potential future De-Fi projects on the platform.

Royale & Sheesha Staking

The Royale and Sheesah team-up focuses on leveraging the staking mechanism features of the Sheesha platform. Royale Finance will gift a certain amount of $ROYA from their liquidity mining to help support this joint staking initiative.

To join the staking program, network participants will have to contribute Ethereum or Binance Coins. Once inside the program, the user will then earn Liquidity Provision Tokens (LP) which can now be staked to continuously earn $ROYA as well as other network tokens available under the Sheesha ecosystem. This will go on for a given period of time depending on how long the liquidity generation event (LGE) lasts. Increased participation in this program will greatly improve the overall metrics of Royale Finance, control the distribution of $ROYA in the market, curb inflation, and attract bigger investors looking to team up with valuable players in the De-Fi/iGaming niche.

“Our goal has always been to improve the De-Fi ecosystem and transform its operational mechanisms. By leveraging our liquidity generation events, we are able to help De-Fi projects expand their market reach, gain new investors and holders. Our newest partner, Royale Finance has been a totem for transformational changes in the iGaming niche. We are proud to work with them to further grow their network influence by utilizing our unique staking mechanism.” — Saeed Hareb Al Darmaki — Founder, Sheesha Finance

“Royale Finance smokes up with Sheesha to provide the much-needed distribution stability that is lacking in many De-Fi ecosystems today. The partnership is beneficial to both Royale and Sheesha, by helping Sheesha expand its network partners and reach while providing Royale network participants with an interesting investment avenue through Sheesha’s liquidity generation events.” — Matthew Armstrong — Co-founder, Royale Finance

About Royale Finance 👑

Royale Finance is an industry-focused decentralised lending protocol. Its purpose is to create Web 3.0 smart-backed funding solutions using De-Fi primitives in order to support the innovation of iGaming products and platforms. The combination of iGaming rewards, uncorrelated to De-Fi crypto assets but powered by base layer De-Fi protocols, we call iGDefi.

Website | Whitepaper | Telegram | Medium | Twitter | LinkedIn

About Sheesha

Sheesha Finance (https://sheesha.finance/) is the one-stop-shop for DeFi projects, similar to a DeFi mutual fund. Sheesha aims to solve locked cryptocurrency inaccessibility issues in DeFi by creating easily convertible assets that can be freely utilized to maximize participant rewards and gain exposure to existing and upcoming DeFi projects. After launch, Sheesha Finance plans to maintain market transparency and integrity by giving control to the native token holders through a Decentralized Autonomous Organization (DAO).

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Royale

Royale

Industry focused De-Fi for i-Gaming