World Liberty Financial borrowed $75.7 million on Dolomite after posting 5 billion WLFI as collateral. Arkham data showed the position pushed pool utilization to 100% and left stablecoin depositors unable to withdraw funds. WLFI fell about 10% to $0.0885, while World Liberty Financial said liquidation risk was zero because it could add more collateral.
Article
World Liberty Financial Borrows $75.7M Against WLFI on Dolomite
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.