
Gold|Sep 15, 2025 22:54
I opened starter positions in WLFI and DOLO
I think the worst is behind us in terms of news. We've had the mess around with the real % of unlocked tokens on launch, Justin getting his tokens locked and a screenshot without any usernames alleging that an advisor is trying to sell their tokens for 70% discount.
What we DO know is that the WLFI app is slated to launch before the end of the month which will open up the floodgates for lending, borrowing, deposits (bank transfers), staking and self custody.
In addition, a proposal has passed to initiate buyback and burns for WLFI using protocol revenue. The app will ramp up these buybacks drastically.
This is where the DOLO idea originated. It's a smaller position for me than in WLFI and treating it as a trade. However, I think with the lending and borrowing coming this will draw interest back into DOLO (even for the shorter term).
I don't think the WLFI trade is anywhere near done, in fact I think it hasn't even begun. WLFI encapsulates all of the hot narratives of 2025: stablecoin, revenue and defi.
I will continue to build out my position into the end of September and monitor the figures it puts out.(Gold)
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