World Liberty Financial (CRYPTO: WLFI) denied liquidation risk after pledging approximately 5 billion WLFI tokens and borrowing roughly $75 million in stablecoins on a decentralized finance protocol.
The Denial
WLFI fired back at critics questioning its massive lending position on Dolomite, calling the concerns “wrong” and framing its role as the protocol’s anchor borrower.
“We are one of the largest suppliers and borrowers on WLFI Markets. Yes, we supplied WLFI as collateral and borrowed stablecoins. No, we are nowhere near liquidation,” WLFI wrote.
“Even if markets moved dramatically against us, we’d simply supply more collateral,” they added.
By being the anchor borrower, WLFI claims it’s generating the yield that makes WLFI Markets compelling for everyone else. Everyday users are earning outsized stablecoin yields right now.
The On-Chain Reality
On-chain …Full story available on Benzinga.com
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