DeFi-focused fund ParaFi Capital has invested $450,000 in USDT, along with D1 Ventures, and will start staking on Ethereum-based exchange DeversiFi.
DeversiFi announced Friday that ParaFi and D1 had together invested $450,000, in tether tokens, in return for governance token nectar (NEC).
San Francisco-based ParaFi's portfolio includes other DeFi projects such as Aave, Curve, MakerDAO and Kyber Network, into which ParaFi invested in June.
Source:
https://www.coindesk.com/parafi-invests-staking-bitfinex-spin-out