Wintermute, a crypto market maker, requested Yearn Finance community members for a loan of 350 YFI tokens, worth approximately $1.98 million from the
DAO treasury. The market maker intends to use the loan to purchase yCRV tokens and deploy them in the yCRV-CRV liquidity pool.
The court filing in the US bankruptcy court in the Southern District of New York shows details of the agreement between the two entities.The crypto market continues to trade in a 0.3% range around the $1.05 trillion capitalisation level. Despite some improvement in risk sentiment, sellers got the upper hand on the approach of the 1.06 trillion level.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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