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๐จ BREAKING: Trump-Linked WLFI Under Fire ๐จ
A massive $50.44M loan just drained liquidity from the Dolomite protocol, sparking major "conflict of interest" alarms. ๐ฉ
The Facts:
๐น WLFI Treasury borrowed $50M+ in USD1 stablecoins. ๐น Collateral: ~3B $WLFI tokens (instantly spiking deposit rates to 35.81%).
๐น The Connection: WLFI advisor Corey Caplan is a co-founder of the very protocol (Dolomite) providing the loan.
With the Trump family entitled to 75% of token proceeds, critics are questioning if this is a "systemic risk" for retail investors or an insider liquidity grab. ๐
#WLFI #TrumpCrypto #DeFi #GateSquareAprilPostingChallenge
$WLFI โ$USD1 โ