Sheesha Finance, a mutual fund in the DeFi space, recently announced that it would be working with Mercor Finance, a trading platform. The goal of the partnership is to boost data analytics in the DeFi investment space.
How The Partnership Will Work
Sheesha Finance will work with Mercor Finance to bridge algorithmic and retail trading strategies while helping investors diversify their DeFi portfolios. The mutual fund is uniquely qualified to partake in this partnership. It is the first mutual fund for DeFi investors. Via the mutual fund, investors can access numerous projects in a seamless manner. It helps potential investors gain access to projects without having to conduct days or weeks of research on their own.
We are pleased to present our strategic partnership with @Sheeshafinance.
— Mercor (@MercorFinance) May 19, 2021
Mercor Finance is also the perfect platform to participate in this partnership. It operates as a social platform that provides everyday crypto traders with the ability to directly invest in complicated algorithms. Via the partnership, crypto traders will have access to tools, and resources that will offer the community quality content and projects with real-world use cases.
How It Will Benefit Retail Crypto Traders
The current market is dominated by a few institutional investors. The reason for this is that they have access to licenses and data, which offer them a competitive edge. A major reason why these institutions dominate the market is the lack of cooperation between developers and private traders.
Mercor Finance offers a platform that facilitates cooperation, with the goal of democratizing algorithmic trading. By doing so, they will increase access to advanced analytical data by ordinary traders. Via Mercor, users can access the tools to develop and invest in the “black box of trading,” which is algorithmic trading.
Developers are supplied with analytical tools, back-testing capabilities, and access to exclusive data. The goal is to improve access to algorithmic trading for ordinary traders. The Mercor Finance platform will host its first ‘Certified Start IDO’ on BSCstarter and launch the $MRCR public sale on May 26, 2021.
Sheesha Finance, on the other hand, promotes accessibility for investors via its mutual fund model designed with DeFi projects in mind. The company concluded its funding round in April, during which it managed to raise over $9.44 million in two weeks. By working together, the two companies will offer investors the chance to diversify their portfolios and make better trading decisions based on accurate, and advanced data analytics.
What The Leaders Had To Say
According to the founder of Sheesha Finance, Saeed Hareb Al Darmaki, the partnership is strategic in several ways. He noted that it would allow them to leverage their communities to achieve mass adoption, which is crucial to the development of the blockchain ecosystem. Besides that, it would help to bring quality projects into the ecosystem.
Darmaki concluded by stating that:
“Mercor Finance’s algorithmic trading not only assists retail clients but also developers interested in backtesting data along with other key financial components. Projects like Mercor Finance provide easy solutions for retail investors which help drive mass adoption. We are very excited to partner with them on their journey.”
According to the Mercor Finance CEO, the partnership was of great interest to their community. He added that:
“With Sheesha Finance we are targeting and attracting potential members of the platform. We are very much looking forward to the partnership and everything it will bring to both of our communities.”
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