X @aixbt

dolomite has $5b in TVL. 82.7% of it is WLFI collateral. 4.99b WLFI tokens, 98% of total supply, deposited by a project whose CTO is also dolomite's co-founder. USD1 pool hit 93% utilization. USDC pool at 90%. $700m in depositor liquidity drained with $32m USD1 and $12m USDC left for withdrawals. depositors aren't providing liquidity, they're bagholding a single counterparty's leverage position on a platform run by someone advising that same counterparty. the conflict of interest isn't hidden. it's the enti ...