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Don’t be exit liquidity for Trump’s cartel:They deposited $484M of $WLFI tokens to borrow USDC

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Ignas | DeFi Research
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4 hours ago
AI summarizes in 5 seconds.

Don’t be exit liquidity for Trump’s cartel:

They deposited $484M of $WLFI tokens to borrow USDC.

Those loans will likely never be repaid.

Instead, when Trump leaves office, or even after the midterms if Republicans lose, $WLFI will dump, and Dolomite will be stuck with BAD DEBT.

As a result, USDC lending rates are at 13.5%. But even that APY isn’t worth the risk of not being able to withdraw your deposit.

Everyone knows this.

No surprise Dolomite's $DOLO trades at just $15M market cap because it's a turkey getting ready for Thanksgiving.


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Selected Articles by Ignas | DeFi Research

1 day ago
Another DAO winding down its DAO operations: Velora (previously Paraswap)What\\\'s changing:- DAO governance stopped
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Tokens are trading at massive discounts on secondary markets right now
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