DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, has an impact on the price with its altcoin purchases and partnerships.
While DWF Labs has been accused of market manipulation by other market-making companies, the company denies these allegations.
The company, which came to the fore with its altcoin purchases and investments and the subsequent pumps in these altcoins, recently announced that it has established a partnership with another altcoin.
Sharing on his Twitter account, DWF Labs announced that it has established a partnership with Kava Chain (KAVA).
“We are pleased to announce that we have entered into a strategic partnership with Tier 1 blockchain Kava Chain.
This partnership aims to accelerate the growth and sophistication of Kava's DeFi ecosystem, specifically decentralized exchanges (DEXs).
As part of the partnership, we will provide strategic information covering risk management, liquidations, fee structures, traded products and market maker programs for DEXes built on the Kava Chain.
DWF Labs will also integrate up to 10 Kava Chain DEXs and permanent DEXs and launch private trading on them.
Additionally, DWF Labs is committed to building a significant trading presence by aiming to account for at least 7.5% of total trading volume across Kava Chain's DEXs.
We look forward to the continued growth and success of Kava's DeFi ecosystem.”
KAVA, which started to rise after the news, recorded a 3% increase. KAVA continues to trade at $0.82 at the time of writing.
*This is not investment advice.