Balancer Labs Partners with Key Investors
Balancer Labs has further partnered with some of the most respected investors in the cryptocurrency space who have shown their support of Balancer Protocol by extending $24.25M of capital to Balancer Labs.
This new round of investors joins the likes of Alameda Capital and Pantera Capital, among others, to purchase BAL tokens directly from the Balancer Labs treasury. Along with the $3M Balancer Labs raised in March of 2020, we have significantly increased the runway to ensure our primary mission of Balancer Protocol becoming the leading source of liquidity in DeFi is realized.
“By allowing for the most flexible and composable liquidity pools in the AMM space, the Balancer Protocol is uniquely positioned as a core infrastructure component for decentralized finance protocols and applications. We see this aspect of the technology in Balancer as a strong long-term indicator, as protocols that are widely embedded in higher-level systems are able to drive powerful network effects and defensive moats.” — Aleks Larsen, Investor at Blockchain Capital.
“Balancer combines the best features of an automated market maker (AMM) with a flexible portfolio management solution — turning the index fund structure in traditional asset management on its head. We believe that the gas efficient and regulatory minded architecture of the upcoming Balancer v2 will be a game-changer for DeFi.” — Sean Lippel, Head of Digital Assets at FinTech Collective
Balancer Labs has the mandate to do what is in the best interest of the Balancer Protocol. Along with our community, we believe Balancer Protocol will become the leading source of liquidity in DeFi. With the additional $24.25 million in capital, Balancer Labs aims to increase awareness and education of the protocol in the Asia-Pacific region, to create and grow structures for community engagement, and to continue offering support for anyone in Decentralized Finance to build on top of Balancer Protocol.
What is Balancer?
Balancer Protocol is a core building block of DeFi infrastructure—a unique financial primitive and permissionless development platform. Balancer is the most flexible and versatile Automated Market Maker, giving developers unprecedented customizability.
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