A landmark SHO record has been broken, 200 times oversubscribed, and 45 Million Dollars have been committed.
Dear Formation Community,
We are exalted to inform you that we have broken the all-time Strong Holder Offering registration record ever made on the DAO PAD, which is 6,020 registrations. By far, this number of registrations is the highest ever made on the DAO PAD regarding the SHO events.
The start of DeFi Summer 2.0 has been very promising because the DeFi community has shown a lot of interest in the event conducted by Formation Fi on the 7th of June Tuesday. During the proceedings of the event, the project’s exclusive token $FORM was made available to the DAO community. This token would prove to be the fuel to run the Smart Yield Farming 2.0.
Key Points
- Formation FI has broken the highest SHO registration ever made, which is 6,020 SHO.
- 14.4 Million DAO power has been committed, which equals about 45 Million Dollars, including the $DAO+ $USDC.
- More than 200 times oversubscribed from the public sale amount.
The Official Date For The Listing Would Be Published Very Soon!
Formation Fi has chosen DAO Maker because it provides a highly secure platform for the purpose of fundraising. It allows the investors to work like venture capitalists while helping to start new projects based on blockchain technology. With the help of Formation Fi, SHO gained huge funding of 3.3 Million Dollars.
We are obliged and thankful to each participant for their active interest and role in the Formation Fi. We appreciate the efforts and support provided by you, as it has made us one of the fastest-growing smart yield farming ecosystems.
We are also thankful to the ecosystem partners and teams for building a splendid DeFi protocol, which is efficient in bringing value to the users.
We are immensely proud to have a vibrant and responsive community and would continue to support and work to promote the trend of Smart yield farming. The mechanism of SHO is a relatively new one for the purpose of fundraising. The applications are prioritized based on certain parameters, such as the users who have been using it for quite a while now. It means that breaking the records while following these protocols is really an achievement.
About Formation Fi
Formation Fi is a project which supports DeFi. It is determined to take yield farming to the next level as it allows implementing the risk parity strategy, which has been used by the billionaire hedge fund manager Ray Dalio for quite a long time. The protocol disburses the risk across various uncorrelated assets in the crypto space. The protocol is fundamentally community-oriented, chain agnostic, and targets long-term success.
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2021-06-11 09:51:04
