Has DWF officially become a market maker for JST? JST might just be getting started.
Today, I came across some news: DWF Labs has officially partnered with JUST to become a market maker for JST. The goal is to provide liquidity for the JST ecosystem and promote the development of the JUST ecosystem.
This news actually confirms what Justin Sun mentioned earlier—that JST's development is just beginning. As a leading lending protocol, JustLend has achieved annual profits of tens of millions of dollars. Additionally, thanks to the boost from USDD this year, its TVL has seen explosive growth, and JST has risen accordingly.
Many people might not know what DWF Labs is.
DWF Labs is a globally renowned Web3 market maker and investment company that provides market-making services for numerous cryptocurrency and blockchain projects.
It has served over 700 projects, with 35% of the projects ranked in the top 1000 on CMC and 20% ranked in the top 100 on CMC. These include well-known tokens such as JST, TON, YGG, MASK, EOS, and CFX.
The collaboration between DWF and JST goes beyond providing buy-sell order book depth and stable price fluctuations to enhance market liquidity for JST tokens. It also aids in the integration and promotion of JST within and outside the TRON ecosystem. By utilizing algorithmic trading and market intervention, it reduces abnormal fluctuations in JST tokens, ensuring more stable prices. This not only helps JST remain competitive in the DeFi market but could also inject new momentum into the overall development of the TRON ecosystem.
Justin Sun, can JST first aim for $0.1?
@justinsuntron @DeFi_JUST #TRONEcoStar
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