Formation Fi Has Announced Its IDO on DAO Maker

Formation Fi has announced that they will conduct an IDO on DAO Maker platform, following a successful presale round during which it raised $3.3 million. Thus, Formation Fi’s $FORM token, which fuels their DeFi smart yield farming ecosystem, $FORM will be available for the public on DAO Maker’s funding platform.

Token holders will enjoy a triple benefit when using their yield farming protocol. Specifically, liquidity providers who lock their $FORM tokens will receive 50% of the fees collected by the protocol, which will be distributed as FORM tokens. Holders will also be part of the DAO community and use the right to vote on various aspects of the ecosystem and monetary policy.

Why DAO Maker?

DAO Maker offers a secure fundraising platform that helps retail investors act like venture capitalists while helping blockchain startups jump-start their projects. The funding platform allows individual ventures to directly invest in equity and tokens of emerging blockchain projects like Formation Fi. Currently, the total market cap of companies that raised on DAO Maker is almost $7 billion. The decentralized venue is secure for both the startup and investors.

About Formation Fi

Formation Fi is a DeFi project that aims to take yield farming to another level by integrating the risk parity strategy first implemented by billionaire hedge fund manager Ray Dalio for stock markets. The yield farming protocol developed by Formation Fi distributes risk across multiple uncorrelated assets within the crypto space. The protocol is chain agnostic, community-oriented, and targets long-term success.

INFO:

https://formation-fi.medium.com/formation-fi-announces-its-ido-on-dao-maker-8f96b42d532c