In a significant move for the TrueFiDAO $TRU community, DWF Labs has been in continuous engagement with the platform, providing proposals and actively participating in community meetings.
This collaboration 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:
1. May 27: A proposal to use DWF Labs as the market maker was initiated on the forum.
2. July 2: The proposal was put to vote on Tally, and by July 10, it was passed unanimously and subsequently implemented.
3. Recent Transactions: Approximately 13 hours ago, address 0xBbc…99E72 received 7.5 million TRU tokens, aligning with the terms of the proposal.
Notable points of $TRU market making agreement to monitor
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 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 engagement with DWF Labs marks a pivotal moment for TrueFiDAO, as it seeks to leverage professional market-making services to optimize token performance and market stability.
This collaboration not only underscores TrueFiDAO’s commitment to enhancing its ecosystem but also highlights the growing importance of professional market makers in the decentralized finance (DeFi) space. As the partnership unfolds, stakeholders will be keenly observing the impact on $TRU’s liquidity and overall market dynamics.