World Liberty Financial's Dolomite Collateral Move
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Onchain detectives uncover World Liberty Financials strategic maneuver, depositing nearly two billion WLFI tokens into Dolomite lending protocol as collateral. They borrowed thirty-one million dollars in stablecoins, shipping it to Coinbase Prime, freezing out everyday depositors. Dolomites supply rates soar, and borrows sit at nine point one eight, indicating concentrated action. WLFI tokens dominate over half the protocols liquidity, raising concerns of market manipulation and potential bad debt. Three billion more WLFI tokens sent to a mystery wallet in April, keeping the crypto community on edge.
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