Balancer received investment from Pantera Capital and Alameda Research through the purchase of BAL tokens

Rhythm Blockbeats news, on November 10, Balancer Labs issued a document announcing that Pantera Capital and Alameda Research invested in Balancer by purchasing BAL tokens.

This new funding will help the Balancer Labs team as Balancer V2 development accelerates growth. The second evolution of the Balancer protocol will revolutionize the current system architecture, introducing significant improvements in transaction costs, ease of developer integration, and user experience.

For the investment in Balancer through the purchase of BAL tokens, Pantera Capital CIO Joey Krug commented: “The most exciting aspect of DeFi is the original creation of finance, which was not possible before, and Balancer is a prime example. The magic of Balancer is that its smart pool provides all parts of the liquidity ecosystem. Value - a self-balancing portfolio for asset owners, a deep source of liquidity for traders, and a self-directing tool for issuers .As an active Balancer user, we are excited to work with the Balancer team to build the most flexible and deepest liquidity protocol for the financial system of the future.”

Alameda Research CEO Sam Bankman-Fried said: "There is a huge gap between the marketization and innovation of DeFi projects. Balancer is one of the few projects that is pushing the field forward: Create trading and liquidity opportunities that other projects cannot offer, and seek to expand the reach of decentralized finance. Future market size will depend on its ability to scale and grow; much has been said about scale, but surprisingly, little has been said about product growth Discourse is scarce, and product growth is ultimately just as important.”

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