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DWF Labs Becomes Market Maker for TrueFi, Receives 7.5 Million TRU Tokens

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ForesightNews
230Words
Jul 11, 2024

DWF Labs recently received 7.5 million $TRU tokens from the TrueFi project and has become a market maker for TRU. This arrangement, which lasts for 24 months, involves DWF providing an annual interest of 3% and making payments every four weeks in stablecoins (USDT/USDC). The buy-sell spread is set at 35 basis points. This follows a proposal by TrueFi to appoint DWF as its market maker, which was unanimously approved and implemented on July 10.

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