📢📢Good news! According to on-chain analyst @ai_9684xtpa, DWF Labs has become a market maker for TRU! 🎉🎉
📅Timeline review: 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 on July 10, it was passed unanimously and executed. The address 0xBbc...99E72 received 7.5 million TRU distributed by the TrueFi project 13 hours ago, which is consistent with the number of proposals.
🔍Market making highlights are summarized as follows: The number of tokens borrowed is 7.5 million, and the time period is 24 months. In terms of yield, DWF provides an annualized interest rate of 3%, paid once every four weeks in stablecoins (USDT/USDC). The market making target is a bid-ask spread of 35 basis points.
🚀We are optimistic about Bitcoin and hope that this market-making will bring greater market activity and liquidity to TRU! Let us look forward to TRU's performance together! 🌟🌟