Formation FI closes $3.3M strategic sales from early DeFi UniCorns, to build the Smart Yield Farming 2.0 framework
Could four, 2021 — Formation Fi, a startup aiming to revolutionize defi portfolio development, has accomplished $three.three million in a strategic sale spherical.
The platform garnered participation by the founders of ground-breaking DeFi protocols similar to Bancor, Synthetix, and Polygon (previously generally known as Matic), collectively managing over $6B in TVL, in addition to enterprise capital funds together with Kenetic, Kosmos, Spark Digital Capital, AU21, X21 Digital, Momentum 6, GenBlock, GBV Capital, Shima Capital, and Brilliance ventures.
An extra 18 top-tier buyers additionally contributed to the fully oversubscribed spherical, with capital earmarked for the event of Formation Fi’s threat parity protocol, the primary chain-agnostic, algorithmic yield-management pla...