A WLFI multi-signature contract, identified as 0x5b…7dbb, deposited 890 million WLFI tokens, valued at approximately $104 million, into Dolomite as collateral at 5:33 UTC+8 today. Following this, the contract borrowed 20 million USD1. The contract appears to be engaging in a stablecoin yield strategy, having cumulatively deposited 890 million WLFI, 97.553 million USDC, and 17,700 WETH as collateral, borrowing a total of 110 million USD1. Of this, 109.9 million USD1, along with 1,497.9 WETH, were further used as collateral to borrow 88.282 million USDC.
WLFI Multi-Signature Contract Deposits $104M in WLFI to Dolomite
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