🚀 Exciting developments in the DeFi space! Cryptocurrency market maker Wintermute has taken significant steps in the DeFi project Yion Finance (YFI). Wintermute applied for a loan of 350 YFI (equivalent to $2.18 million) from the YFI community, and if the proposal gains approval, Wintermute will receive the loan for a duration of 12 months at a low interest rate of 0.1%. This move aims to foster collaboration and support the growth of the Yion Finance ecosystem.

In addition, Wintermute has put forth an offer to purchase up to 3 million CRV (equivalent to $1.73 million) and contribute it to the Wyen yCRV/CRV curve pool. By doing so, Wintermute seeks to rebalance the yCRV/CRV pool, which currently stands at a ratio of 69% yCRV and 31% CRV, and enhance overall pool liquidity. The community will have a say in this matter through a snapshot voting process that will take place over the course of 7 days.

These initiatives showcase Wintermute's commitment to actively participating in and contributing to the DeFi ecosystem, fostering growth and enhancing liquidity in a collaborative manner. Stay tuned for updates on these exciting developments! 🚀🔥 #DeFi #YFI #Wintermute #Collaboration #LiquidityEnhancement