The WLFI token is facing a sharp confidence crisis after adding one billion new tokens for trading and selling a large portion of them. Investors complain about the lack of transparency and the absence of a schedule for unlocking, while 80% of their investments are locked. The situation calls for urgent clarification from the development team.
Wen Lambo Financial Données sur les prix en temps réel
Wen Lambo Financial WLFI Historique des prix USD
Possédez WLFI dès maintenant
Achetez et vendez WLFI facilement et en toute sécurité sur BitMart.Gagner
Faites fructifier vos cryptomonnaies et générez des revenus passifs grâce à l'épargne, au staking, et plus encore.Wen Lambo Financial X Insight
Concerning market developments:
The Trump family crypto project deposited 5% of the total WLFI supply as collateral to borrow $75 million in stablecoins, then moved $40 million of it to the Coinbase platform before the ceasefire announcement. If this collateral is liquidated, selling 5% of the supply at once could cause severe losses for lenders.
anyone trying to chase this yield should know
recently, wlfi team deposited 5b $wlfi tokens (worth ~$450m) across two wallets as collateral on dolomite:
> 0x44a...5fad deposited 3b wlfi and borrowed $50m usd1 + $10m usdc, paying 1.35% apr on the borrowed funds
> 0x5be...7dbb deposited $110m usd1, 19k eth, and $22m usdc, then borrowed $89m usdc
they recycled this $89m + $10m usdc (their own deposit) and retrieved their $110m usd1, effectively earning 2.76% on net left asset value
the team also added 2b wlfi tokens (part of the 5b) to the same pool, boosting collateral and enabling them to borrow even more stablecoins
this generates an artificial apy, the team earns yield on stablecoins through a recycling loop, offsetting the negative yield
if $wlfi crashes, the protocol (lenders) could be left with bad debt, the risks seem to be much higher than the reward here
