Tuesday, June 25, 2024

DeFi Venture Mercurial Plots Revamp and New Tokens Following ‘Poisonous’ Affiliation With FTX

by Jeremy

“In abstract, the one liquid tokens out there got here from Alameda Market Making (3%), IEO/IDO members (0.3%), non-public buyers (1.6%) and the liquidity mining rewards for our secure swimming pools,” the staff acknowledged. This created fixed sell-side liquidity for MER tokens on the open market, which is now deemed detrimental given the troubles at Alameda and FTX.

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