What Is DWF Labs, Really?
Level 5 - Sonic Autist
Welcome Avatar! Following on from our introduction to market makers, it’s time for a deep dive into a crypto market making company making waves in the 2023 bear market: DWF Labs.
DWF has emerged as a significant player, investing a reported $149 million into 15 deals during Q1 2023, a time when other capital providers were scaling back.
The firm’s recent forays into DeFi governance tokens also merits coverage. DWF Labs recently helped the Curve Finance founder rescue his DeFi loan by purchasing $5 million of CRV tokens and has proposed a market making deal with the long forgotten Abracadabra Money (SPELL token).
Where did their money come from and why make such bullish bets this year?