Odaily News - Wintermute, a market-making firm, responded to criticism on Twitter by stating that they do not engage in "pump and dump" activities, nor do they know how to manipulate the market. They are well aware that market manipulation is illegal. Their focus as a market-maker is to engage in buying and selling of commodities, with the goal of maintaining delta neutrality as much as possible.



Regarding Wintermute's proposed innovative lending agreement with Yearn Finance, this would allow them to access liquidity from the Yearn platform while also benefiting Yearn.



If Wintermute can acquire YFI at a discount of 20% and lock it for 6 months, it could be a trade worth considering. Similarly, if the market value of YFI is inflated into the top three, shorting it could also be a trade worth considering.



Gaevoy confirmed that the company did participate in the "rescue" of CRV by buying 25 million CRV tokens, with half of them allocated for CeFi/DeFi and the other half locked for 1 year.



Wintermute plans to deposit a portion of the CRV into Yearn's yCRV pool to earn profits. In return, Yearn will provide YFI token lending to Wintermute. This would enhance the liquidity in the yCRV pool, reduce slippage, and allow Wintermute to engage in more market-making with YFI, creating a win-win situation. Wintermute only seeks to profit through legitimate trading strategies and will return the YFI after the agreed-upon period ends.



Previously, Wintermute submitted a proposal called "YFI Wintermute Loan and CRV Plan." The proposal suggests that the community approves providing YFI loans to Wintermute Trading and authorizes the transfer of 350 YFI tokens ($2.18 million) from the Yearn DAO treasury to Wintermute Trading for a duration of 12 months, with an interest rate of 0.1%, and repayment in physical form at the end of the loan period. The borrowed YFI will be used exclusively for trading purposes and not for liquidity mining, lending, or voting.



In addition, as part of their continued involvement, Wintermute plans to use up to 3 million CRV tokens ($1.73 million) to purchase yCRV and deploy the assets to the yCRV-CRV Curve pool (lp-yCRVV2) on Yearn for a minimum of 6 months. There is also an option to replace lp-yCRV with vl-yCRV to actively participate in the Curve Wars.



Wintermute believes this will help rebalance the current 69%/31% yCRV/CRV fund pool ratio, improve yCRV pegging, and increase fund pool liquidity.