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DWF Labs becomes a market maker for TRU, receiving 7.50 million TRU and initiating market-making operations.

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Odaily
355Words
Jul 10, 2024

DWF Labs has become a liquidity provider for $TRU, receiving 7.50 million $TRU at the provided address. According to on-chain analyst @ai_9684xtpa's monitoring, DWF Labs' liquidity provider proposal was submitted on May 27 and unanimously approved through Tally voting on July 10. The liquidity agreement involves token borrowing of 7.50 million $TRU for a duration of 24 months, with an annual interest rate of 3%. Interest will be paid every four weeks in stablecoins (USDT/USDC). The liquidity provider's objective is to maintain a 35 basis point spread.

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