{"id":200629,"date":"2021-03-12T17:35:11","date_gmt":"2021-03-12T14:35:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/alameda-research-invests-20m-in-reef-finance\/"},"modified":"2021-03-12T17:35:11","modified_gmt":"2021-03-12T14:35:11","slug":"alameda-research-invests-20m-in-reef-finance","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/alameda-research-invests-20m-in-reef-finance\/","title":{"rendered":"# Alameda Research invests $20M in Reef Finance"},"content":{"rendered":"

“# Alameda Research invests $20M in Reef Finance <\/strong>”
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After investing in travel<\/a> app<\/a> Maps.me and decentralized finance protocol Oxygen, Alameda Research will be putting $20 million into Reef Finance, the Polkadot-based DeFi platform.<\/p>\n

According to Reef Finance, Alameda Research will be purchasing $20 million worth of the firm\u2019s native tokens, REEF \u2014 roughly 528 million at the current price of $0.03787. The investment will reportedly allow the two companies to collaborate on technology<\/a> and strategy \u201cin the near future.\u201d Reef CEO Denko Mancheski added the additional funds would help the firm develop DeFi applications for the Reef blockchain. <\/p>\n

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.<\/p>\n

Reef became the first Polkadot-based project to debut on the Binance Launchpool in December. Since the beginning of the year, the price of REEF has risen more than 150%\u00a0 from $0.014954 to $0.037808 at the time of publication.<\/p>\n