Geneva, Switzerland, September 12, 2022, Chenwire
you can see I am pleased to announce that winter season It is now the official market maker of TRX and a strategic partner of the entire TRON ecosystem. In this capacity, Wintermute will provide liquidity to the major TRX pairs across various exchanges, promoting greater access to the TRX token. This strong alliance will promote further growth of TRON as the go-to Global L1 blockchain.
“This latest partnership between Wintermute and TRON is an extension of our efforts to partner with leading DeFi projects and provide our support through what we do best – making markets more liquid,” said David Micley, Director of Business Development at Wintermute. “We are pleased to be given the opportunity to contribute to the TRON ecosystem as a provider of liquidity.”
Earlier this month, Wintermute became the latest whitelisted member to join Troon Dao Reserveget mint and redeem American dollar, a decentralized stablecoin with redundant collateral and backed by the TRON network. Wintermute provides liquidity to digital assets and, as a leading global market maker, has helped several high-profile projects. Wintermute has a selective approval process before a partnership with a particular digital asset can begin. Accordingly, Wintermute has a proven track record of working with high profile projects, which is further enhanced by its partnership with TRON and USDD.
Other market-making initiatives that Wintermute will provide for TRON’s native utility token, TRX, include: providing coverage across centralized and decentralized exchanges, promoting more competitive margins during all types of market conditions, providing insights into market conditions to help create a sustainable liquidity model, and more. Wintermute will also provide strategic guidance to help improve the TRON ecosystem.
Every major project in the Web3 space needs a reliable and innovative market maker. Wintermute aims to drive a tailor-made model, using the initiatives mentioned above, to reduce market takers or the impact of crypto whales on asset prices. This approach leads to a more decentralized ecosystem that allows for greater user autonomy. Wintermute lowers the barriers for market participants in general by providing liquidity on the major exchanges, which in turn reduces turbulence and slippage during trading.
TRON is proud to partner strategically with Wintermute and looks forward to continuing to work towards their shared goal of decentralizing the web.
About Tron Dao
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by Your Excellency Justin SunSince the launch of MainNet in May 2018. July 2018 also saw the integration of the ecosystem of TRON Network. Bit torrent, a leader in decentralized Web3 services with over 100 million monthly active users. The TRON . network It has gained incredible strength in recent years. As of August 2022, it has over 109 million total user accounts on the blockchain, over 3.7 billion total transactions, and over $13.2 billion in total locked value (TVL), as reported in TRONSCAN. In addition, TRON hosts the largest traded supply of US dollar rope (USDT) is a worldwide stablecoin, surpassing USDT over Ethereum since April 2021. The TRON network completed a full decentralized network in December 2021 and is now a community-governed DAO. Recently, decentralized stablecoins with excess collateral American dollar Launched on the TRON blockchain, powered by the blockchain industry’s first-ever crypto-reserve – Troon Dao Reservemarking TRON’s official entry into decentralized stablecoins.
- Fayrouz Lakhani
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