DeFi mutual fund Sheesha Finance raises $9.4M
Shesha is attempting to make DeFi projects more accessible to mainstream users. Sheesha Finance, a DeFi mutual fund based in the United Arab Emirates, has raised $9.44 million over a two-week token sale — underscoring heightened investor demand for decentralized finance applications. The token sale, known as a Liquidity Generation Event, or LGE, excluded private sales and early contribution bonuses, which allowed micro-investments of as little as 0.0001 Ethereum (ETH). In total, LGE contributors doled out 3,171.31 ETH, valued at $6.35 million, and 7,769.43 Binance Coin (BNB) worth $3.08....
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