#coreycaplan3
coreycaplan3
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For people who do not understand how bad the situation is, their most liquid pool is on $ETH
which has $2.8M. When this gets liquidated, selling this stake on that pool today gets you $2.8M (basically the whole pool).
#Dolomite _io has no way to liquidate this and come out as whole from this situation. The stablecoins that were borrowed belonged to people who people who deposited on Dolomite for earning yield. When they go to withdraw it, they will not be able to do so.
#CoreyCaplan3 is the founder of #Dolomite _io and the CTO of #worldlibertyfi He has not commented so far but he seems to be in the right position to suggest this Dolomite rug. It is at the expense of depositors on Dolomite.
which has $2.8M. When this gets liquidated, selling this stake on that pool today gets you $2.8M (basically the whole pool).
#Dolomite _io has no way to liquidate this and come out as whole from this situation. The stablecoins that were borrowed belonged to people who people who deposited on Dolomite for earning yield. When they go to withdraw it, they will not be able to do so.
#CoreyCaplan3 is the founder of #Dolomite _io and the CTO of #worldlibertyfi He has not commented so far but he seems to be in the right position to suggest this Dolomite rug. It is at the expense of depositors on Dolomite.
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