WLFi Treasury Address Transfers Approximately 170 Million WLFI to Binance, Expected to Be Funds for USD1 Wealth Management Event Distribution

CoinFeed July 7 news, according to Ember, the WLFi treasury address transferred approximately 170 million WLFI (about $10.22 million) to Binance, expected to be interest distribution funds for the seventh month of the USD1 wealth management event, with the sixth month's product set to mature on the 10th of this month. Over the past 7 months, to promote the market share of USD1 wealth management product on Binance, WLFi has cumulatively invested about 1.37 billion WLFI (approximately $127 million) as subsidy expenditure into this event.