Proposal: Onboard Sheesha with 50K BNT Trading Liquidity Limit
The Sheesha Twitter account has done an excellent job promoting the proposal(see: here, here, here). They even went to the effort of creating instructional tweets on governance participation (see: here, here, here). Absolutely exemplary.
Sheesha is a mutual fund. The SHEESHA token is part of a rewards and staking mechanism. It’s not entirely clear how the performance of the fund is connected with the SHEESHA token; the lite paper discusses diversified portfolios and other things, but never addresses how the SHEESHA token is involved. This is potentially an issue, albeit a small one (relative to crypto norms). The token itself seems harmless, and the requested funding is relatively small.
The Automaton will vote FOR whitelisting SHEESHA; however, the pool should probably remain small. The Automaton is unlikely to support a proposal to increase the available trading liquidity until the role of SHEESHA in the fund is better established.