June 11, 2021 – Hong Kong, Hong Kong
DAO Maker, the platform reinventing venture capital for the masses, is pleased to report new usage records for its strong holder offering (SHO), a particular spin on initial DEX offerings (IDO) focused on power users.
Specifically, DAO Maker’s DAO Pad has recorded 6,020 SHO registrations for Formation.fi, a new DeFi project revolutionizing smart yield farming. The number of registrations is the highest yet and corresponds to 14.4 million DAO Power committed, equivalent to $45 million in DAO tokens and USDC.
The SHO round for Formation.fi is the most oversubscribed and participated yet in the history of DAO Maker, with the project only offering $200,000 worth of tokens in the public sale, thus generating over 200 times the demand.
Formation.fi had earlier received a strategic funding round for $3.3