World Liberty Financial borrows $75M on Dolomite using 5B WLFI

On-chain records show World Liberty Financial pledged roughly 5 billion WLFI tokens as collateral on the Dolomite lending market and borrowed about $75 million in stablecoins. More than $40 million of the borrowed funds moved to Coinbase Prime wallets. The borrowing pushed Dolomite’s USD1 pool utilization above 93%, reducing liquidity available for ordinary depositors.

The WLFI collateral represents about 55% of Dolomite’s $835.7 million total value locked.

World Liberty Financial responded on April 9, 2026, calling criticism “wrong” and describing itself as Dolomite’s anchor borrower. The project wrote it faces no liquidation risk and can supply additional collateral. In a public post the team added, ‘By being the anchor borrower, we’re generating the yield that makes WLFI Markets compelling for everyone else.’

In its rebuttal the project disclosed previously unreported figures. WLFI reported an annualized revenue run rate of $159.5 million for its USD1 stablecoin. The team confirmed open-market buybacks of 435.3 million WLFI tokens over six months at an average price of $0.1507, totaling $65.58 million.

WLFI announced it will post a governance proposal next week to unlock tokens for early holders and take the proposal to a formal vote shortly after. The project also plans an upgrade to the USD1 stablecoin that would add gasless transfers and support payment flows used by AI agents.

On-chain data show large pledged token balances and significant stablecoin outflows from the protocol. The community will consider the governance proposal, and depositors and governance participants are monitoring any subsequent collateral or liquidity changes on Dolomite.