DWF Labs Becomes $TRU Market Maker

In a significant move for the TrueFiDAO $TRU community, DWF Labs has been in continuous engagement with the platform, providing proposals and actively

TrueFiDAO ($TRU) Community Update: DWF Labs to Become Market Maker

In a significant development for the TrueFiDAO community, DWF Labs has been actively engaged with the platform, submitting proposals and participating in community meetings. This engagement has culminated in DWF Labs becoming the market maker for the $TRU token, a development expected to be officially announced in the coming days.

The timeline of events leading to this partnership is as follows:

May 27: A proposal to use DWF Labs as the market maker was initiated on the forum.

July 2: The proposal was put to vote on Tally, and by July 10, it was passed unanimously and subsequently implemented.

Recent Transactions: Approximately 13 hours ago, address 0xBbc…99E72 received 7.5 million TRU tokens, aligning with the terms of the proposal.

This partnership is designed to enhance liquidity and stability for the $TRU token, benefiting both TrueFiDAO and its community of users. The strategic involvement of DWF Labs aims to ensure that the $TRU token maintains a competitive and efficient market presence.

The key points of the market-making agreement are outlined as follows:

Number of Tokens Loaned: 7.5 million TRU

Time Period: 24 months

Yield: DWF Labs offers a 3% annual interest rate, paid every four weeks in stablecoins (USDT/USDC).

Market Making Target: Maintain a bid-ask spread of 35 basis points.

This partnership is expected to play a crucial role in enhancing the overall market presence and liquidity of the $TRU token. As the partnership unfolds, stakeholders will be keeping a close eye on the impact on the token's market performance and the broader TrueFiDAO ecosystem.

The above is the detailed content of DWF Labs Becomes $TRU Market Maker. For more information, please follow other related articles on the PHP Chinese website!