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Sheesha Finance and Royale Finance Partner to Leverage Premier DeFi Staking Mechanism

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Sheesha Finance and Royale Finance Partner to Leverage Premier DeFi Staking Mechanism
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The partnership utilizes Sheesha’s Mutual Fund model allowing Royale network participants access to a variety of DeFi project rewards without direct investment

Sheesha Finance, the first one-stop-shop for investors to get diversified exposure to DeFi projects, and Royale Finance, a cross-chain DeFi solution using liquidity pools to provide funding for iGaming startups, announced a partnership leveraging the staking mechanism features of the Sheesha platform. The partnership innovates traditional DeFi blockchain staking and brings additional value to all network participants by providing portfolio diversification while minimizing risk.

With the growing popularity of DeFi projects, many investors are now looking to invest in promising, authentic DeFi startups. Sheesha Finance has created a unique model that embraces full-scale transparency and integrity, while supporting reputable DeFi ecosystems such as Royale Finance.

Sheesha Finance uses a staking mechanism called a “Liquidity Generation Event” (LGE) that encourages participants to select an available blockchain network and contribute Ethereum (ETH) or Binance Coins (BNB) in return for Liquidity Provision Tokens (LP) on the network they have chosen. The LGEs are open for a certain period of time, and in this instance, two weeks.

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

“The partnership with Sheesha Finance is extremely important for us. It provides the much-needed distribution stability lacking in most DeFi ecosystems today,” said Matthew Armstrong, COO at Royale Finance. “This mutually beneficial partnership helps Sheesha expand its network partners and reach while providing Royale network participants an interesting investment avenue through Sheesha’s liquidity generation events.”

Liquidity Provision Tokens (LP) can be staked to continuously earn Royale Finance tokens ($ROYA) as well as other network tokens available under the Sheesha ecosystem. 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 DeFi/iGaming niche. Royale Finance will give a certain amount of their native token, $ROYA, from their liquidity mining to help support this joint staking initiative.

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 DeFi projects and foregoes the stress of manually searching for viable DeFi 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 DeFi projects on the platform.

Cryptocurrency

Stake.com back Premier League’s Rainbow Laces campaign

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Stake.com, Watford FC’s principal sponsor, are proud to announce the changing of their LED and other stadium advertising to rainbow colours in support of Stonewall’s Rainbow Laces campaign, demonstrating the operator’s support for LGBTQ+ inclusion and a commitment to inclusivity in football.

For the visit of Premier League leaders Chelsea on Wednesday, December 1st, the operator will be joining Watford and Proud Hornets in supporting the campaign, updating their entire branding at Vicarage Road, ensuring the LED and big screen displays Rainbow Laces branding in conjunction with the Premier League.

Stake.com are in their first season as Watford FC’s principal sponsor, with the operator previously celebrating their club-record deal by adding the iconic Shiba Inu or Dogecoin logo to the first team kit’s shirtsleeves.

Dominic Rae, Sponsorships Manager for Stake.com, said: “Stake.com are committed to inclusivity. We too believe that football is for everyone and we’re proud to support the Premier League and Stonewall’s campaign by updating our sponsorship assets at Vicarage Road for the visit of Chelsea.”

Paul O’Brien, Commercial Director at Watford FC, added: “We’re very proud of working with Stake.com on our Rainbow Lace activities for this year. At Watford Football Club we pride ourselves on our equality and diversity activities, therefore it is with great delight that our principal sponsor have also taken the Stonewall campaign to their heart.”

Richard Masters, Premier League Chief Executive, said: “Football has a remarkable power to bring people together and it is a priority for the Premier League and our clubs to ensure everybody feels welcome and supported, from players and fans, to staff and all those involved in our many community programmes.

We and our clubs play an important role in encouraging people to support the LGBTQ+ community. During the Rainbow Laces campaign, we showcase the wide variety of projects and initiatives being conducted all year round to highlight that equality and inclusion are central to everything we do.”

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Cryptocurrency

Messi’s Missing Crypto Millions

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Messi's Missing Crypto Millions
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Poor old Lionel Messi. It’s not exactly going to plan on the pitch for him yet at PSG. And off it – well let’s say he’s not cracked the crypto game either.

In the summer he agreed to be paid part of his signing-on fee in his new club Paris Saint-Germain’s own fan token. With cryptocurrencies at the start of a record-breaking run, it looked like a sure-fire way for the world’s best footballer to make more millions.

But it hasn’t worked out that way, according to analysis from Cloudbet.com the world’s oldest crypto sportsbook.

Messi’s unexpected transfer from cash-strapped Barcelona was announced on 10th August. He signed up for free, in a move designed  to get his huge million-dollar weekly wage off Barca’s books. League bosses were penalising them for their abject failure to keep the club’s deficit within permitted parameters.

The vastly wealthy PSG were so delighted to land the world’s biggest football star that they paid him an interesting signing-on fee.

Part of his “welcome pack”, they said, would be paid in cash as normal, but in a first for football, part of the fee would be gifted to him in PSG fan tokens.

Messi could be forgiven for looking kindly on PSG’s offer. The club’s token had almost tripled in value from the start of August to a record on the day of the Messi announcement.

Traders at Cloudbet took a deeper dive into the deal to assess how the Argentinian maestro’s signing-on fee is looking now.

On 10th August, the PSG token was valued at $49.83.

Media speculation across the continent suggests Lionel Messi was gifted one million euros worth of tokens. On that day the Euro-USD exchange rate was 1.17. So let’s estimate that PSG’s wealthy Qatar owners gave him $1.17m worth of tokens.

Trading at $49.83, this means Messi would have received 23,480 PSG tokens.

So how much money has Lionel Messi made from this deal? Well, as of today things aren’t looking terribly good. The PSG token recently traded at…. $19.02

That defeat by Man City hasn’t helped PSG or it’s cryptocoin’s value.

If Messi had received what is speculated to be one million euros in fan tokens on 10th August, his estimated 23,480 tokens would now be worth… $453,436

Which means if he cashed it in now it would only be worth 40% of what it was worth on the day that he signed for PSG!

American football stars like Aaron Rogers might be in the news for all the wrong reasons right now, but they’ve made headlines for being early adopters of Bitcoin salaries. If Messi had embraced BTC he’d be a lot richer.

Back on 10th August 2021, BTC was trading around $45,600.

And now? It’s at $58,000, a +25% rise. That $1.17m signing-on gift would now be around $1,460,000 – more than a million dollars more than the fee is worth in PSG tokens.

 

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Cryptocurrency

Crypto Trends in iGaming: SOFTSWISS Insights

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Crypto Trends in iGaming: SOFTSWISS Insights
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SOFTSWISS presents a report with statistics and insights on the development of cryptocurrency across its Online Casino Platform, Sports Betting Platform and Game Aggregator clients. The information in the report reflects comparative data for the third quarter of 2021 and the same period in 2020, collected on an anonymous basis.

TOTAL BETS IN CRYPTO

The main conclusion drawn from the data obtained for Q3 2021 is that the volume of bets placed in cryptocurrency is increasing. Compared to the same period last year, the increase was 2.8 times. The positive trend continues throughout 2021: the increase from Q2 2021 to Q3 2021 is 28%.

“This strong growth is not only due to SOFTSWISS’ organic development but also owes itself to increased digital consumption around the world. iGaming companies are investing more and more into marketing. This leads to an increase in the popularity of online gaming and betting among female audiences and young players over the age of 21 who actively use cryptocurrencies in their daily lives in general and for online betting in particular. This is reflected in the increasing share of crypto in iGaming”, comments Andrey Starovoitov, COO at SOFTSWISS.

CRYPTO VS FIAT

Crypto is gradually encroaching on fiat currencies. Compared to Q3 2020, the share of bets in crypto versus fiat has increased by 27.6 percentage points in the same period in 2021. The upward trend in crypto popularity is also confirmed by comparative data for Q2 and Q3 2021, when the share of crypto bets rose by 10.3 percentage points from 33% to 43.3% respectively.

Andrey Starovoitov, COO SOFTSWISS, notes: “This dynamic is most likely due to the growth and development of the number of crypto brands. While in Q3 2020, they were still newcomers to the market, they can be considered experienced players in the crypto gambling industry this year. The expansion of these brands into new markets has also played an important role in this.”

 

CRYPTO VS FIAT: SPORTSBOOK

A completely different trend is seen in betting on sports. In this category, fiat currencies retain an absolute advantage. In Q3, 98.76% of bets were made in fiat currencies, compared to only 1.24% in crypto.

Aleksander Kamenetskyi, Sportsbook Product Owner, notes: “This is most likely because the vast majority of the Sportsbook’ clients are those companies that launched their casinos without an initial focus on cryptocurrency operation. Their main focus was on fiat. However, the trend has changed, and now cryptocurrencies are always considered an important component when launching new projects. Therefore, I am sure crypto share will only grow in the future.”

See which cryptocurrencies are favoured between casino and sports betting players in the full report SOFTSWISS Crypto Insights Report.

 

About SOFTSWISS

Based on the Online Casino Platform and CoinsPaid wallet management and payment processing, the Crypto Solution makes for the single best way to launch a crypto-powered gaming project.

SOFTSWISS is an international tech brand supplying widely acclaimed, certified software solutions for managing iGaming operations. SOFTSWISS holds a number of gaming licenses, providing one-stop-shop iGaming solutions. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, the Affilka affiliate platform, and Sportsbook Platform. In 2013 SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution. The company has since been regarded as the leading technical expert when it comes to the use of cryptocurrencies in online gaming.

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