According to Odaily, DWF Labs has been appointed as the market maker for TRU. The timeline of events is as follows: On May 27, a proposal was initiated in the forum suggesting DWF as the market maker for TRU. On July 2, the proposal was put to vote on Tally, and it was unanimously approved and implemented on July 10.
The address 0xBbc...99E72 received 7.5 million TRU from the TrueFi project team 13 hours ago, which matches the proposed amount. The key points of the market making are as follows: The number of tokens borrowed is 7.5 million. The time period is 24 months. The yield is 3% annual interest provided by DWF, paid once every four weeks using stable coins (USDT/USDC). The market making target is a bid-ask spread of 35 basis points.
