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🚨 BREAKING: Trump-Linked WLFI Under Fire 🚨
A massive $50.44M loan just drained liquidity from the Dolomite protocol, sparking major "conflict of interest" alarms. 🚩
The Facts:
🔹 WLFI Treasury borrowed $50M+ in USD1 stablecoins. 🔹 Collateral: ~3B $WLFI tokens (instantly spiking deposit rates to 35.81%).
🔹 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. 📉
#WLFI #TrumpCrypto #DeFi #GateSquareAprilPostingChallenge
$WLFI $USD1