Following V2 plans, Balancer raises $5 million from Three Arrows & DeFiance
Two of the largest crypto funds join Pantera Capital and Alameda Research in contributing to Balancer's $12 millions series A funding round Balancer Labs announced today a $5 million investment round led by DeFi (decentralized finance) mainstays Three Arrows Capital and DeFiance Capital. The two VCs now join Pantera Capital and Alameda Research in investing, brining Balancer’s series A round to a total of $12 million raised. The investment might come as a surprise to some, given that in a recent podcast Arthur of DeFiance Capital gave a less-than-glowing review of Balancer as an automated....
Related News
Investors are backing the Balancer protocol with greater conviction. Could this be a sign that market hype surrounding DeFi is ramping up again? The capital raise was led by Blockchain Capital, Fintech Collective, LongHash Ventures, Fenbushi Capital, Continue Capital and Kain Warwick, the founder of DeFi protocol Synthetix. The funds will be used to strengthen Balancer’s role as a core infrastructure provider of the DeFi market. “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....
The decentralized finance (DeFi) protocol and market maker Balancer recently suffered a significant exploit, resulting in the loss of over $120 million in digital assets. According to blockchain security firms, the total losses have now reached approximately $128 million, with ongoing withdrawals from the attacker’s wallet still being reported. Details Of Balancer Attack In a […]
The Decentralized Autonomous Organization (DAO) behind troubled DeFi protocol Balancer has issued a notice to the wallet behind a $128 million heist of the money maker project. The Balancer DAO is requesting that the hackers cooperate to resolve the situation or face an escalation in any form necessary. Related Reading: Ripple CLO Sees ‘Skinny’ Fed […]
The funding round, led by Three Arrows and DeFiance Capital, was also joined by Andreessen Horowitz and Polychain Capital.
The new feature allows traders to tap into pools of assets that trade at similar price levels. Balancer claims to be the first automated market maker to offer stable pools. Balancer, a popular automated market maker for cryptocurrencies, has launched a new protocol feature designed to lower fees and improve the trading execution for like-kind waps.Stable pools “are designed specifically for assets that trade at a similar price,” wrote Fernando Martinelli, the co-founder and CEO of Balancer Labs. As such, the pools increase capital efficiency for like-kind swaps, thereby offering traders....