Hey, what did I find 🤨 Is “DWF Labs becomes $TRU market maker” going to be one of the news headlines in the next few days?
1/ Timeline arrangement
05.27 The forum initiated a proposal to use DWF as its market maker
07.02 The proposal was put to vote in Tally, and 07.10 it was passed unanimously and implemented
Address 0xBbc...99E72 received 7.5 million TRU distributed by the TrueFi project 13 hours ago, which is consistent with the number of proposals
2/ The key points of market making are summarized as follows
- Number of tokens loaned: 7.5 million
- Time period: 24 months
- Yield: DWF offers 3% annual interest, paid every four weeks in stablecoins (USDT/USDC)
- Market making target: bid-ask spread of 35 basis points
3/ Related Portals
DWFLabs appears to be in constant contact with TrueFiDAO, having provided proposals and participated in the community plenary meeting in February this year; Market making address: 0xb99a2c4C1C4F1fc27150681B740396F6CE1cBcF5
