Smart Yield Farming – Cross Chain Formation Fi Announces Polygon MATIC Launch

Polygon MATIC ecosystem just keeps getting bigger every day. The most recent addition has been the Formation Fi – smart yield farming protocol. The protocol’s success can be attributed to wide compatibility with the existing Ethereum infrastructure and the benefits of L2 scaling. Formation Fi hasn’t launched entirely yet, but it seems to introduce a novel concept, so that yield farming participants don’t have to chase yield. Smart yield farming.

Formation Fi is a cross-chain yield aggregation protocol and its team believes that the ability to continuously farm across multiple blockchains would be the highlight for the DeFi Summer 2.0. A sleek reference to the second iteration for a season, where all DeFi protocols rise in tandem. It last happened during the summer last year and the activity has dried up since. The crypto participants sure hope for another such season and the Formation Fi team thinks that its tech might help with its onset.