Alameda Research invests $20 M in REEF. Great news boys!
After investing in travel app Maps .me and decentralized finance protocol Oxygen, Alameda Research will be putting $20 million into Reef Finance, the Polkadot-based DeFi platform.
According to Reef Finance, Alameda Research will be purchasing $20 million worth of the firm’s native tokens, REEF — roughly 528 million at the $0.03787 price. The investment will reportedly allow the two companies to collaborate on technology and strategy “in the near future.” Reef CEO Denko Mancheski added the additional funds would help the firm develop DeFi applications for the Reef blockchain.
The $20 million in Reef comes after a $40 million investment in Solana-based lending platform Oxygen and $50 million in Maps .me, a travel and mapping application with more than 140 million users worldwide. With Reef, Alameda said it was aiming for more cross-chain integrations with Serum and Raydium on Solana.
#HOLD
More info here: youtube.com/watch?v=PcvhQfC_... (This channel isn't mine)
Who are Alameda Research?
Alameda Research was founded in October 2017. They manage over $100 million in digital assets and trade $600 million to $1.5 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. They have a full-scale global operation with the ability to trade on all major exchanges and markets.
With decades of experience from Jane Street, Optiver, Susquehanna, Facebook , and Google , they have built the most sophisticated trading systems in the crypto world and quote extremely tight OTC spreads.
You can read more at alameda-research.com/
If you don't have REEF, buy it right now! This is the mos important crypto investment right now!
According to Reef Finance, Alameda Research will be purchasing $20 million worth of the firm’s native tokens, REEF — roughly 528 million at the $0.03787 price. The investment will reportedly allow the two companies to collaborate on technology and strategy “in the near future.” Reef CEO Denko Mancheski added the additional funds would help the firm develop DeFi applications for the Reef blockchain.
The $20 million in Reef comes after a $40 million investment in Solana-based lending platform Oxygen and $50 million in Maps .me, a travel and mapping application with more than 140 million users worldwide. With Reef, Alameda said it was aiming for more cross-chain integrations with Serum and Raydium on Solana.
#HOLD
More info here: youtube.com/watch?v=PcvhQfC_... (This channel isn't mine)
Who are Alameda Research?
Alameda Research was founded in October 2017. They manage over $100 million in digital assets and trade $600 million to $1.5 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. They have a full-scale global operation with the ability to trade on all major exchanges and markets.
With decades of experience from Jane Street, Optiver, Susquehanna, Facebook , and Google , they have built the most sophisticated trading systems in the crypto world and quote extremely tight OTC spreads.
You can read more at alameda-research.com/
If you don't have REEF, buy it right now! This is the mos important crypto investment right now!
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