Formation Fi Partners with the Kava Ecosystem to Redefine DeFi Portfolio Construction
Through this partnership, Formation Fi will continue to expand into the world’s largest assets, ecosystems, and financial applications.
We have some very exciting news to share with the Formation Fi community. Formation Fi, the world’s next generation yield farming platform, is partnering up with the Kava Ecosystem. We will be accelerated by their $185 million Ignition Fund to further expand decentralized finance (DeFi) capabilities within lending and core cross-chain swaps. Plus, we’ll provide users with low fees and enticing incentives, all at blazing-fast speed.
What is the Ignition Fund?
The Kava Ecosystem’s Ignition Fund aims to support a suite of best-in-class DeFi projects with the purpose of creating the most secure, truly scalable platforms, bridging the gap between early adopters and mainstream DeFi users. It is the first step in Kava’s grand plan to shape the future of DeFi by focusing on the user experience.
To successfully build a secure, simple, and sustainable ecosystem, every service within the Kava Ecosystem must be aligned with the quality, user safety, and experience standards that users have come to expect from Kava.
Funds from Ignition offset development costs and provide liquidity at launch to ensure top-tier projects are not rushed to market with security or experience issues for users. Formation Fi is proud to announce that we will be the newest addition to this rapidly developing ecosystem.
What does this mean for Formation Fi?
With the Kava Ecosystem as our most recent investor and partner, we will continue to expand our DeFi capabilities within yield farming and balancing risk. As Formation Fi is a DeFi asset management platform designed to bring maturity and stability to DeFi portfolios through risk parity, joining forces with Kava will allow us to reach an even greater audience, providing users with more liquidity and custom tailoring to match risk preferences.
“The designer of the most successful and well-known risk parity hedge fund portfolios, Ray Dalio, called his fund ‘All Weather,’ as it was defined to succeed in any circumstance. The key tenets of this fund were balancing risks, diversifying assets, selecting negatively correlated pairs, and balancing out environmental sensitivity. At Formation Fi, we keep the same risk parity fundamentals in mind for crypto and DeFi. With the solutions provided by the Kava Ecosystem, we will be able to provide the best possible investment opportunities for our users,” said Edmond Truong of Formation Fi.
In the near future, Formation Fi aims to provide more support and resources to our users through BSC, HECO, and Polygon bridge development, integrating smart contract platforms such as Moonbeam, and enabling token swaps between networks. This partnership strengthens our technical expertise and provides us with the opportunity to rapidly develop these areas for all of our users. In the long term, we will work with the Kava Ecosystem to later manage treasury, collaborate on index creation, and utilize protocols to ensure that our users grow together.
We are excited to integrate into the Kava Ecosystem and support all of our users in finding the best yield farming and portfolio construction strategy. Make sure to keep an eye on our social media for updates about future developments!
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.
For more information on how Formation Fi is changing yield farming, check out our social media: