Alameda, 3AC, and other major financial powerhouses were very much in the spotlight during the crypto bull run of 2021. We saw the projects they invested in and partnered with rapidly increase in value. Now, they have become history and might be forgotten within a few months after declaring bankruptcy. These days, DWF Labs is leaving a similar impression, again causing surges in altcoin values.
Why Is DeXe Rising?
At the time this article was prepared, the DeXe Protocol had approved a liquidity partnership proposal with DWF Labs. Following this announcement, the price of the altcoin quickly rose from $15.56 to $17.28. Over the last 12-15 months, DWF Labs has become more popular, filling the void left by bankrupt crypto companies through numerous deals. We have shared detailed reviews about this company, which has taken on the role of a market maker.
In their latest announcement, the DeXe team wrote:
“DWF Labs and DeXe DAO will establish a partnership that will increase the popularity of the DeXe Protocol among the community, aiming to boost liquidity for the participation of new community members. This will also guide decentralized governance within the DeXe Protocol DAO and promote the adoption of DeXe technology across the ecosystem.
DWF Labs aims to directly increase the liquidity of DeXe tokens on Centralized Exchanges for the purpose of adding new community members to the DeXe Protocol DAO, which will lead to the development of decentralized governance within the DeXe Protocol DAO, by securing a credit of 300,000 DeXe tokens for a period of 12 months.”
