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DWF Labs has become a market maker for TRU, and the relevant address has received 7.5 million TRU

DWF Labs has become a market maker for TRU, and the relevant address has received 7.5 million TRU

Bitget2024/07/11 04:20

According to on-chain analyst @ai_9684xtpa, DWF Labs has become a market maker for TRU. Timeline summary: - On May 27, a proposal was initiated in the forum suggesting DWF as its market maker; - On July 2, voting began on Tally for the proposal, which passed unanimously and was implemented on July 10; - Address 0xBbc...99E72 received 7.5 million TRU from TrueFi project team 13 hours ago, matching the proposed amount. Key points of market making are summarized as follows: - Token lending quantity: 7.5 million; - Time period: 24 months; - Yield rate: DWF offers an annual interest rate of 3%, paid once every four weeks using stablecoins (USDT/USDC); - Market making target: The bid-ask spread is set at 35 basis points.

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