food trucks used to sell you 3 amazing tacos for like $5 cash only.
then people with master’s degrees discovered them and now it’s $18.50 for 3 mid tacos plus a screen asking for a 20% tip
I have seen this before
There’s a weird similarity between WLFI and FTX
- you create a token
- you give it a huge valuation
- you use it as collateral
and then you extract real liquidity from it
This is what’s happening with World Liberty Financial right now
~5 billion WLFI tokens deposited as collateral
~$75 million borrowed in stablecoins
all inside Dolomite
WLFI represents over 50% of the entire protocol
So how does that even work
They post their own token, borrow real money against it and as long as price holds everything looks fine
It starts to feel familiar
same entity controls a massive part of the liquidity
same circle involved on both sides
borrower and infrastructure are connected
And it gets worse
- USD1 pool sitting at ~93% utilization
- meaning most liquidity is already borrowed
- users inside the protocol can’t easily withdraw
Then you look at FTX
- Alameda used FTT as collateral
- borrowed billions against it
- controlled the system internally
Same structure, different scale but same idea
Circular economy
And it works, until it doesn’t
A reminder that when Georgia was snubbed of a playoff spot, they proceeded to have hardly any players opt out and beat another borderline playoff team 63-3 in their bowl game.
THATS how you send a message. Not whatever this is.
Token launches just got a whole lot better.
→ Early access to your favorite tokens
→ Real supporters are prioritized
→ Sustainable token distribution
→ US users can finally join
Now possible with token sales on Coinbase.
Oh, one more thing: the @monad sale starts Nov 17.
🚨Coaches Tap in🚨
I will be entering the transfer portal to pursue football. Thank you UW Milwaukee for the opportunity. 6’5 200lbs WR with 4 years of eligibility left. Contact 608-977-2944, [email protected]