Worldcoin: New loan agreement with 5 market makers to take effect on December 16th.

2023-12-11 09:07
According to an official announcement from Worldcoin on December 11th, the number of World ID verifications has exceeded 2.5 million as of the end of November, with over 360,000 in Argentina and over 500,000 in Iberia. The operator rewards for Worldcoin have now transitioned from USDC to WLD. Additionally, Worldcoin will terminate agreements with five market makers on December 15th, who collectively received a loan of 100 million WLD. According to the current agreement terms, the market makers will be required to return 75 million WLD to World Assets Ltd. on December 15th, potentially reducing the circulating supply by that amount. World Assets Ltd. is also finalizing a new loan agreement with these five market makers, which will be effective on December 16th and provide a total loan amount of 10 million WLD for six months. After six months, each market maker must fully repay the loan and cannot purchase any WLD from World Asset Ltd. Overall, the net impact on the circulating supply of WLD will depend on how many tokens the market makers choose to purchase on December 15th.
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