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DWF Labs becomes TRU market maker, and the relevant address has received 7.5 million TRU
2024-07-11 03:54
Odaily News According to the monitoring of on-chain analyst @ai_9684xtpa, DWF Labs has become a TRU market maker. Timeline summary: -On May 27, the forum initiated a proposal to use DWF as its market maker; -On July 2, the proposal was voted on in Tally, and passed unanimously and executed on July 10; -Address 0xBbc...99E72 received 7.5 million TRU distributed by the TrueFi project 13 hours ago, which is consistent with the number of proposals. The key points of market making are summarized as follows: -Token loan quantity: 7.5 million; -Time period: 24 months; -Rate: DWF provides 3% annualized interest, paid once every four weeks in stablecoins (USDT/USDC); -Market making target: bid-ask spread is 35 basis points.