Crypto Analyst Explains Why He Invested in This Relatively New DeFi Token

Recently, crypto analyst Aaron Arnold, Co-Founder and host of the “Altcoin Daily” YouTube channel, talked about $FORM, the native token of decentralized finance (DeFi) project “Formation Fi“.

The following description is from a blog post by the team that was published on June 10:

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.

As reported by The Daily HODL, this is what Arnold had to say about the project in an episode of “Altcoin Daily” that was released on June 18:

“Formation Finance, (FORM)… Smart farming 2.0… Even if you don’t like DeFi, even if you don’t think DeFi is anything to write home about, I hope you can understand that everybody else is really interested in DeFi and yield chasing, or yield farming. 

They broke some records on DAOMaker’s Strong Holder Offering and besides that – really why I found them interesting is because they’re backed by some big names, Polygon, a lot of venture capital firms…

“In a world where there’s so much yield chasing, everybody is trying to find the best yield, they’re taking a mathematical approach and really making it a one-stop shop bringing the front end to DeFi blocks…

This is a new project that I just invested in… I’m just saying this is the type of stuff I’m looking at.

https://youtube.com/watch?v=2Ezu7lIhGVw%3Ffeature%3Doembed

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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