Pantera Capital and Alameda Research Make Investments in Balancer

By Abhimanyu Krishnan | News | 10 Nov 2020

Pantera Capital and Alameda Research have invested in Automated Market Maker (AMM) Balancer Labs through direct token purchases, the team announced in a blog post published on Nov. 10.

  • Pantera Capital and Alameda Research have bought BAL tokens from the Balancer Labs treasury, though the exact amounts have not been disclosed
  • The funding will be budgeted towards the the growth of programmable liquidity via the development of Balancer V2
  • The new version of Balancer is expected to reduce transaction costs, make developer integration easier, and improve the user experience
  • Alameda Research, of which Sam Bankman-Fried is the CEO, has been on a spree of investments, pouring capital into decentralize oracle network Razor Network and trading platform 3Commas

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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