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Alameda Research Invests $20 Million In Polkadot-Based Reef Finance
Summary: Reef Finance, a Polkadot-based DeFi project, has raised $20 million through token sales. Alameda Research, which was founded by Sam Bankman-Fried, is the single investor of the round of funding. Reef is a cross-chain liquidity and yield farming aggregator that connects cryptocurrency traders on a single platform, supporting both centralization and decentralized transactions. The firm has previously raised $3.9 ...
Reef Finance, a Polkadot-based DeFi project, has raised $20 million through token sales. Alameda Research, which was founded by Sam Bankman-Fried, is the single investor of the round of funding.
Reef is a cross-chain liquidity and yield farming aggregator that connects cryptocurrency traders on a single platform, supporting both centralization and decentralized transactions.
The firm has previously raised $3.9 million in private token sales, backed by venture companies including NGC Ventures and QCP Capital. Denko Mancheski, CEO of Reef Finance, told The Block: "Alameda is our first bigger investor."
By Mary Liu
Tags: Alameda Research,Fund,NGC Ventures,QCP Capital,Reef Finance,SAM BANKMAN-FRIED
Link: Alameda Research Invests $20 Million In Polkadot-Based Reef Finance [Copy]
