Trump venture borrowed millions from own protocol

World Liberty Financial, a crypto venture linked to the Trump family, has reportedly borrowed millions in stablecoins from the Dolomite lending protocol. The company pledged a substantial amount of its own WLFI tokens as collateral, which has led to the protocol's USD1 pool reaching 100% utilization. This situation raises concerns as it potentially leaves other depositors unable to withdraw their funds. The WLFI token experienced a price drop following these transactions, highlighting the risks associated with using thinly traded tokens as collateral for large loans.