On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Alameda Research has invested $2 million in a Tel-Aviv-based market maker claiming to process nearly $10 billion in volume monthly across 50 crypto exchanges.
The news was announced by Efficient Frontier on March 15, with the company stating the funding will be used to “expand its balance sheet” and build its position within the crypto asset sector. Efficient Frontier chief executive, Roei Levav, stated:
Sam Bankman-Fried’s Alameda Research has invested $2 million in Tel-Aviv-based algorithmic crypto market maker, Efficient Frontier.
“This funding, coming from such a strong team, is humbling and will help us to further improve our value proposition to our partners.”
“Efficient Frontier is one of the most advanced trading companies in our space,” said Alameda’s co-founder and CEO, Sam Bankman-Fried. “We have been working together since the early days and their team, technology, and outlook on the industry is what made us so excited to join their ride.”
Efficient Frontier is also backed by venture capital firms Collider Ventures and Follow The Seed.
Since launching in 2017, the market maker has provided liquidity to dozens of crypto exchanges, including both centralized and decentralized platforms. Levav noted Efficient Frontier's trade volume grew by “hundreds of percent” during 2020, stating: “Last year has been very important for both the industry and our growth.”
The company claims to have supplied liquidity for more than 1,000 pairings in both spot and derivative markets, and to be approaching $10 billion in monthly volume across 50 different exchanges.
Last month, Alameda Research announced it had invested $40 million into DeFi protocol Oxygen — a Solana-based lending platform that will be integrated onto travel app Maps.me. Alameda also invested $50 million Maps.me in January, with the travel app promising to bring decentralized finance to its 140 million users.
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