Formation Fi Closes $3.3M Strategic Sales From Early DeFi Unicorns To Build the Smart Yield Farming 2.0 Framework

Formation Fi Closes $3.3M Strategic Sales From Early DeFi Unicorns To Build the Smart Yield Farming 2.0 Framework


May 4, 2021 – Hong Kong, Hong Kong

Formation Fi, a startup aiming to revolutionize DeFi portfolio construction, has completed $3.3 million in a strategic sale round.

The platform garnered participation by the founders of groundbreaking DeFi protocols such as Bancor, Synthetix and Polygon (formerly known as Matic), collectively managing over $6 billion in TVL, as well as venture capital funds including Kenetic, Kosmos, Spark Digital Capital, AU21, X21 Digital, Momentum 6, MarketAcross, GenBlock, GBV Capital, Shima Capital and Brilliance ventures.

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A further 18 top-tier investors also contributed to the completely oversubscribed round, with capital earmarked for the development of Formation Fi’s risk parity protocol, the first chain-agnostic, algorithmic yield-management platform guided by the principles of the risk parity movement adopted by top hedge funds on Wall Street.

Formation Fi has dubbed the concept ‘smart farming

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