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DeFi Sunday: Reef Finance and 20-million-dollar investment

Reef Finance is yet another DeFi project that you might want to add to your watchlist. Even though the whole DeFi sector might be in a bit of a mania or a bubble now, the future of decentralised finance is definitely bright. Reef Finance (REEF) is one of the more important projects that even got a huge recognition in form of a significant investment.

More than 20 million dollars from trading firm

According to the news released on Friday, Reef Finance got a major investment boost from Alameda Research, which invested more than 20 million dollars into the development of this DeFi project. The investment was done via purchase of REEF tokens and was met with 25 % price boom of REEF over the course of 24 hours.

Alameda Research is young quantitative trading firm that is mostly concerned about investing and trading digital assets. The company manages more than 100 million dollars in digital assets and trades up to 1,5 billion dollars per day across thousands of products. Having support from Alameda Research is definitely great for Reef Finance, since it increases the credibility of the project as well as helps with resources thus providing more space to grow for the young DeFi project.

Reef Finance has therefore yet another interesting investor and supporter. Alameda Research is joining company of Genesis Block, Bitcoin.com, TRG Capital or Master Ventures, which have already invested or supported Reef Finance. CEO of Reef Finance was obviously very pleased with this news.

“We are excited to incorporate this investment to further our trajectory and for the development of the Reef chain for DeFi applications of the future.” Reef Finance CEO Denko Mancheski

Moreover, according to the sources close to Reef Finance, Alameda Research might be prone to more investments in the future, which is one of the reasons why Reef Finance should be included into the watchlist of all true DeFi lovers and supporters.

Marek is a cryptocurrency enthusiast with several years worth of experience in the industry. He has been working with numerous cryptocurrency and FinTech projects, where his main r...

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