[Taklimakan Blog] Balancer Raises Investment from Blockchain Pioneer Pantera Capital
The developers of the decentralized finance protocol Balancer attracted investments from Pantera Capital and Alameda Research
Pantera Capital and Alameda Research have funded the development of the second version of the popular DeFi protocol Balancer. The size of the attracted investments is not named, however, according to the head of development of Balancer Labs, Jeremy Mushigi, the companies directly bought BAL tokens from the project’s treasury fund.
The Balancer Labs team is confident that funding will help accelerate the development of Balancer V2. In the second version of the protocol, it is planned to change the system architecture of the ecosystem to reduce transaction costs and improve user-friendliness and simplify integration for developers.