WLFI land for all-time low as Dolomite loan collateral repayments spark risk wahala
WLFI (World Liberty Financial) dey trade near new low after reports wey bring back worry about im DeFi lending position for Dolomite. Di protocol talk say dem don repay $25M for di Dolomite loan ($15M on Apr 7 and $10M on Apr 10), but market still push WLFI down to about $0.07967, im weakest level since di 2025 rollout.
Arkham Intelligence data wey di article cite show say WLFI collateral dey concentrated: about $406M worth dey pledged across two wallets to borrow $150M in USDC, with WLFI using roughly 4.99% of supply but about 97.8% of im Dolomite cap. As pool utilization reportedly rise above 93%, retail withdrawals dey look constrained, wey dey raise bad-debt and liquidation optics. WLFI collateral dey described as ~55% of Dolomite’s $835.7M TVL, and another optics issue be say Dolomite co-founder Corey Caplan na advisor to World Liberty Financial too.
World Liberty dismiss “FUD,” say dem far from liquidation and fit add collateral if need. Dem also announce governance proposal for phased token unlock/vesting plan for early retail buyers.
For traders, WLFI price fit remain highly volatile as collateral concentration, pool utilization, and token-unlock expectations continue to drive sentiment around Dolomite.
Bearish
This event na negative gid for WLFI self. Even after dem pay back $25M, di main trading wahala na be the reported collateral concentration for Dolomite and high pool utilization (above around 93%). That combination dey raise liquidation/bad-debt optics and e low confidence say downside risk near-term go reduce. Market still dey sensitive to governance/unlock expectations, so proposals wey talk phased token unlocks fit no give immediate support. Short term, any rumour wey change collateral value or pool utilization fit quickly put WLFI under pressure. Long term, credibility go depend if WLFI fit keep utilization safely lower and manage the unlocking schedule without causing more sell pressure.