World Liberty Defends Dolomite Loan, Denies Sun Claims

TLDR World Liberty co-founder Zak Folkman said the $75 million Dolomite loan was small compared to posted collateral. Folkman stated that the borrowing aimed to increase utilization and liquidity on Dolomite Markets. Onchain data showed that more than $40 million of the borrowed funds moved to Coinbase Prime. DeFi analysts raised concerns in April about [...]

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