Odaily Planet Daily News LeverFi announced that it has received a US$2 million investment from DWF Labs. This investment has a lock-in period and an installment release period for two years. Additionally, LeverFi secured an additional $2 million in OTC commitments that can be executed at any time within two years if needed. The new funds will be used for protocol innovation, marketing activities and user acquisition.
In addition, DWF Labs and LeverFi have reached a market making arrangement, and DWF Labs will provide liquidity for LEVER trading pairs in relevant trading venues. When LeverFi was looking for a new market making partner, LeverFi held discussions with multiple liquidity providers and received a series of market making proposals. DWF Labs provides the most competitive market making conditions and is most consistent with LeverFi's market making goals.
In addition to providing liquidity, DWF Labs proactively assists LeverFi with growth and strategic business development activities. Through the introduction of DWF Labs, LeverFi has already held discussions with new trading platforms, liquidity risk funds and professional marketing partners.
According to previous news on September 21, DWF Labs received 1.8 billion LEVER from LeverFi-related wallets, worth approximately US$2.85 million.