{"id":36357,"date":"2021-02-12T15:51:01","date_gmt":"2021-02-12T13:51:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36357"},"modified":"2025-08-29T05:57:17","modified_gmt":"2025-08-29T02:57:17","slug":"balancer-defi-protocol-raises-5-million-in-token-sale","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/balancer-defi-protocol-raises-5-million-in-token-sale\/","title":{"rendered":"Balancer DeFi protocol raises $5 million in token sale"},"content":{"rendered":"<p>Balancer Labs, the company behind the Balancer decentralized exchange, attracted investments of $5 million from Three Arrows Capital and DeFiance Capital through a direct sale of BAL tokens.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We\u2019re excited to announce that Three Arrows Capital and <a href=\"https:\/\/twitter.com\/DeFianceCapital?ref_src=twsrc%5Etfw\">@DeFianceCapital<\/a> have purchased $5M of <a href=\"https:\/\/twitter.com\/search?q=%24BAL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BAL<\/a> ahead of Balancer V2.<\/p>\n<p>They join the $12M Series A alongside <a href=\"https:\/\/twitter.com\/PanteraCapital?ref_src=twsrc%5Etfw\">@PanteraCapital<\/a> and <a href=\"https:\/\/twitter.com\/AlamedaResearch?ref_src=twsrc%5Etfw\">@AlamedaResearch<\/a> \ud83d\udcaa<\/p>\n<p>Here\u2019s what <a href=\"https:\/\/twitter.com\/zhusu?ref_src=twsrc%5Etfw\">@zhusu<\/a> and <a href=\"https:\/\/twitter.com\/Arthur_0x?ref_src=twsrc%5Etfw\">@Arthur_0x<\/a> had to say \ud83d\udd3d<a href=\"https:\/\/t.co\/KhtEJA6Ap2\">https:\/\/t.co\/KhtEJA6Ap2<\/a> <a href=\"https:\/\/t.co\/l8xkuodnUi\">pic.twitter.com\/l8xkuodnUi<\/a><\/p>\n<p>\u2014 Balancer Labs (@BalancerLabs) <a href=\"https:\/\/twitter.com\/BalancerLabs\/status\/1359538443341152259?ref_src=twsrc%5Etfw\">February 10, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nIn November the company attracted <a href=\"https:\/\/forklog.com\/en\/news\/balancer-defi-protocol-attracts-seven-figure-sum-through-token-sale\">a seven-figure sum<\/a> from Pantera Capital and Alameda Research. At the time of writing, the amount invested in Balancer during the Series A round had reached $12 million, which will go toward developing the second version of the protocol.<\/p>\n<p>Balancer v2 is expected to significantly reduce transaction costs and improve the user interface. Developers can look forward to easier integration with the DEX.<\/p>\n<p>Balancer operates on the automated market maker (AMM) model, just as its rivals Uniswap and Curve. Messari analysts had previously noted that these projects account for <a href=\"https:\/\/forklog.com\/en\/news\/messari-defi-projects-uniswap-curve-and-balancer-capture-90-of-the-dex-market\">more than 90% of the market<\/a> of decentralized exchanges.<\/p>\n<p>In October Balancer became <a href=\"https:\/\/forklog.com\/en\/news\/aave-and-balancer-have-joined-the-open-defi-alliance\">one of eight new members<\/a> of the Open DeFi association.<\/p>\n<p>Follow ForkLog&#8217;s news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Balancer Labs, the company behind Balancer, attracted investments of $5 million from Three Arrows Capital and DeFiance Capital through a direct sale of BAL tokens.<\/p>\n","protected":false},"author":1,"featured_media":36358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1856,1093,787,1133],"class_list":["post-36357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-balancer-bal","tag-defi","tag-dex","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=36357"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36357\/revisions"}],"predecessor-version":[{"id":36359,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36357\/revisions\/36359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/36358"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=36357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=36357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=36357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}