World Liberty Financial has locked in retail investors, borrowing $75 million against their own token on their CTO’s lending protocol: Dolomite.

WLFI is the Trump fam (until they were scrubbed from the website) crypto project. WLFI token is $WLFI. WLFI stablecoin is $USD1 ( ▲ 0.0% ).

Dolomite is where the Trump fam can cash out using other people’s money.

WLFI collateralized the unlocked $WLFI on Dolomite → borrowed $75M in stablecoins → sent $40M+ to Coinbase Prime, the institutional OTC venue where crypto gets converted to USD and wired to a bank.

$WLFI tokens are locked, forcing holders into a two-year cliff and three-year linear vest. If they accept. If not, their tokens stay locked indefinitely.

In seven months, WLFI’s goalposts have moved three times:

With each revision shrinking retail’s exit, but widening WLFI execs.

$WLFI’s token is down by 82% with the exit doors locked.

Including Justin Sun, $WLFI’s biggest bag holder ($75M) who wilded out:

and is now suing World Liberty!

WLFI’s response:

When your biggest known backer calls your thing a "trap masquerading as a door," and the response is along the lines of "see you in court"

…and then you LITERALLY end up in court? WTF!?

WLFI wears the cloak of a crypto project, signaling a "pro-crypto" Trump administration while selling the masses no meaningful governance

with most peoples’ tokens locked into a two-year (or indefinite!) waiting room...only so the WLFI can cash out using a channel one of them controls.

Why would anyone agree to this?

Well, they wouldn’t (which is why WLFI took away their ability to choose!)

& When Justin Sun is closer to right? Wet, swampy ethical ground. All around.