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Pantera Capital And Alameda Research Invest In Automated Market Maker Balancer

Emily Mason

Summary: Pantera Capital and Alameda Research have invested in automated market-maker Balancer through the direct purchase of BAL tokens from the Balancer Library treasury, according to a recent announcement. The new funding will be used to grow the Balancer Labs team as it works towards creating Balancer V2 ramp ups. The new version of Balancer is ...

Pantera Capital and Alameda Research have invested in automated market-maker Balancer through the direct purchase of BAL tokens from the Balancer Library treasury, according to a recent announcement.

The new funding will be used to grow the Balancer Labs team as it works towards creating Balancer V2 ramp ups. The new version of Balancer is advertised as offering improvements on transaction costs, ease of developer integration and user experience.

“Balancer Labs is thrilled to partner with two of the top investment funds in crypto as we move into our next phase of growth, aligned in our vision for building programmable liquidity to power the new financial system," Fernando Martinelli, CEO of Balancer Labs, said in a statement.

By Emily Mason

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