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Institutional Investors Eye DeFi: DWF Labs Partners with TrueFi

By Coin Edition
2 months ago
2024 2024 TRU DEFI CIN
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  • Multi-stage investment firm DWF Labs joined TrueFi as a market maker.
  • The price of the TRU token surged by more than 10% in the past 24 hours.
  • 7.5 million TRU tokens were sent to DWF Labs as part of the proposal.

DWF Labs, the Web3 investment firm, is set to become the market maker for TrueFi, a leading DeFi lending platform. 

This partnership, formalized through a recent governance proposal passed on July 10th, highlights the increasing maturation of the DeFi sector and the potential for traditional financial players to play a more active role in this rapidly evolving landscape.

Notably, the proposal to appoint DWF Labs as the market maker was submitted on May 27. The proposal was subsequently put to a vote on Ju…

The post Institutional Investors Eye DeFi: DWF Labs Partners with TrueFi appeared first on Coin Edition.

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