According to the monitoring of on-chain analyst @ai_9684xtpa, DWF Labs has become a TRU market maker.
Timeline summary
-05.27 The forum initiated a proposal to propose that DWF be its market maker;
-07.02 The proposal was voted on Tally, and 07.10 was passed unanimously and executed;
-The address 0xBbc...99E72 received 7.5 million TRU distributed by the TrueFi project party 13 hours ago, which is consistent with the number of proposals.
The key points of market making are summarized as follows:
-The number of tokens loaned: 7.5 million;
-Time period: 24 months;
-Yield: DWF provides an annualized interest of 3%, paid once every four weeks in stablecoins (USDT/USDC);
-Market making target: the bid-ask spread is 35 basis points.