Wintermute Trading Proposes 12-Month Loan to Yearn Community
Wintermute Trading has approached the Yearn community with a proposal for a 12-month loan of 350 YFI, equivalent to $1.98 million, from the DAO’s treasury. The loan would carry a 0.10% interest rate, payable at the term’s conclusion.
Key Points:
- Wintermute plans to allocate up to 3M CRV ($1.4M) to purchase yCRV as part of their collaboration with Yearn.
- They will deploy these assets to the yCRV-CRV Curve pool on Yearn for at least 12 months.
- This initiative aims to rebalance the pool, enhance the yCRV peg, and augment the pool’s liquidity.
- Wintermute Trading is an established crypto-native algorithmic trading firm with a significant trading volume and presence in the industry.
- The borrowed YFI will be used for trading, and Wintermute commits to returning the full loan amount with interest at the term’s end.
Wintermute’s Proposal and Community Decision
Wintermute Trading’s proposal presents an opportunity for the Yearn community to enhance liquidity and balance in the yCRV-CRV pool. With their expertise and track record, Wintermute’s involvement could bring significant benefits to the Yearn ecosystem. The community must carefully consider the proposal’s merits before making a decision that aligns with the best interests of Yearn and its participants.
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