Worldcoin: A new loan agreement for 10 million WLD with 5 market makers will take effect on December 16

According to ChainCatcher news, Worldcoin announced that it will terminate agreements with 5 market makers on December 15. Previously, they collectively received a loan of 100 million WLD. On December 15, according to the current agreement terms, the market makers will be required to return 75 million WLD. Therefore, the circulating supply on December 15 may decrease by up to 75 million WLD, depending on the number of tokens the market makers choose to return directly to World Assets Ltd instead of purchasing.

In addition, World Assets Ltd. is finalizing new loan agreements with these 5 market makers, which will take effect on December 16. Under these agreements, the 5 market makers will receive a significantly smaller loan, with the current total loan amount being 10 million WLD for a term of 6 months. Thus, the circulating supply on December 16 will increase by 10 million WLD. After 6 months, each market maker must repay the loan in full. According to these new agreements, they are not allowed to choose to purchase any WLD from World Asset Ltd. Overall, the net impact on the circulating supply of WLD depends on how many tokens the market makers choose to purchase on December 15.