DeFi Summer 2.0 Formation Fi Partners with Polygon to Build Cross-Chain Dual Reward Liquidity Pool

DeFi summer 2.0 is unshackling crypto investors from the tattered yield farming approaches and all the bearishness of the crypto market. It’s time to put your money at work by leveraging smart yield farming 2.0, which Formation Fi advocates incessantly. (How to Participate, Down Below!)

Cross chain liquidity partnerships will become the biggest events of DeFi summer 2.0, which is about to deliver multiple second-generation DeFi tokens.

We are big believers in cross chain composability and blockchain-agnostic yield farming opportunities. To contribute to that vision, Formation Fi — the chain agnostic smart yield farming 2.0 protocol — has partnered with Polygon (Matic) to develop a secret dark pool automated market maker (AMM) for limited capacity running on Polygon’s scaling solution.

Both retail investors like you and sophisticated hedge funds exploring DeFi will be able to put billions of USD values to work and generate double and even triple yields.

Matic token holders will be able to deposit their MATIC tokens into our single-sided cross-chain pool running on Formation Fi for a limited time to benefit from early double rewards in the form of $Form and Matic!. One-sided liquidity pools contain a single token, in this case giving investors 100% exposure to MATIC, which protects them from the impermanent loss risk.

In order to become an early liquidity provider and benefit from the swap fees and our generous mining rewards, participants must hold both MATIC and $Form tokens in their wallet prior to the official pool launch. To get $Form tokens, you should already hold MATIC, which will make you eligible to enter the Form whitelist raffle available to Matic users only.

Here are the key benefits and How to Participate:

  • Single-sided liquidity pool — the pool gives you exposure to MATIC while mitigating the risk of permanent loss.
  • Built on Polygon — the AMM runs on Polygon, which means lower transaction fees, higher throughput, and better user experience.
  • $FORM and $MATIC rewards — by depositing $MATIC into our pool, investors have the opportunity to get rewarded both in $FORM and $MATIC.

🚨 🚨 🚨 PRE-IDO Whitelist Form:

https://docs.google.com/forms/d/1WnPDCKCYLtsIzPtiraIKvHyOGPYxMcmGYMFtr2xHEZY/

What Is Polygon?

Polygon is a multichain scaling solution built for the Ethereum ecosystem. The network ensures faster and cheaper transactions between ERC-20 tokens using a commit-chain which is a blockchain running in parallel with the Ethereum mainnet. This allows users to deposit ERC-20 tokens to a Polygon bridge smart contract and interact with them through the commit chain or move them back to the Ethereum chain when needed.

In this way, Polygon makes Ethereum more DeFi and dapp-friendly, as developers and investors are not hindered by the high gas fees and slow block confirmations.

MATIC is used to power Polygon’s Proof of Stake (PoS) consensus as well as pay transaction fees on Polygon. It is currently among the top 20 cryptocurrencies by market cap, being one of the best-performing tokens even during the major crash from mid-May.

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.

Formation Fi’s Risk Parity Protocol delivers four index coins that reflect four classes of cross-chain farming strategies. These are ALPHA, BETA, GAMMA, and $FORM. The protocol aims to provide the best risk-reward ratio and help investors leverage the DeFi space to reach financial stability.

Find out more about the plans for next-generation DeFi at https://formation.fi, on Medium and on Telegram.