CoW Initiates Proposal to Borrow 7.5 Million COW from Treasury to Hire Wintermute as Market Maker
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September 18, 2024
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CoW Proposes Borrowing 7.5 Million COW for Market Making
Mars Finance reports that CoW has proposed a plan to borrow 7.5 million COW tokens from its treasury to hire Wintermute as a market maker. Under the agreement, Wintermute would be responsible for supporting COW listings on major exchanges, enhancing token liquidity, and facilitating various over-the-counter (OTC) transactions.
Wintermute is expected to return the 7.5 million COW tokens one year after receiving the loan.
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