According to monitoring by on-chain analyst @ai_9684xtpa, GSR Market may participate in UMA market making.
10 hours ago, GSR Market received 75,000 UMA (worth US$430,000) from the project party’s multi-signature wallet, and then deposited it into Binance.
Since June 8, 2023, the project party has transferred a total of 173,000 tokens to GSR, worth US$920,000, and all of them have been transferred to the exchange. In addition, in September 2021, the UMA project party officially announced that GSR would participate in the seed round of financing.