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Formation Fi Raises $3.3M Fund for Smart Yield Farming 2.0

CryptocurrencyMay 04, 2021 10:00AM ET
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© Reuters. Formation Fi Raises $3.3M Fund for Smart Yield Farming 2.0

  • Formation Fi successfully closed an oversubscribed $3.3M funding round.
  • The capital will fund the Smart Yield Farming 2.0 protocol.
  • Also, Formation Fi is forming a founders club with top DeFi founders.

Formation Fi has closed its successful funding round that raised $3.3 million. The oversubscribed round drew investments from top Decentralized Finance (DeFi) unicorns like Bancor, Synthetix, and Polygon.

At the same time, Formation Fi is in the process of creating a founder’s club consisting of top DeFi founders it wishes to work with long term. Formation Fi’s Co Founder Kristof Gagacki noted,

“We are proud to be building on the collective wisdom of some of DeFi’s first pioneers. With our founders’ club approach, we are focused on coming together to build and amplify this still-experimental ecosystem and evangelize Smart

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Formation Fi Raises $3.3M Fund for Smart Yield Farming 2.0
 

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