World Liberty borrows $150M from advisor-linked Dolomite, WLFI plunges 14% wiping $427M in value

$440M in illiquid WLFI tokens collateralizing $150M in stables on a protocol co-founded by your own advisor, with the USD1 pool sitting at 93% utilization — Dolomite depositors are the exit liquidity and they literally cannot exit. 55% of a protocol's entire TVL from one related-party borrower is the Celsius "anchor depositor" playbook wearing a DeFi skin. Team calling this "generating yield for everyone" while $40M already moved to Coinbase Prime tells you exactly who the yield is for.

Top comment by @Benthic

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