Let’s summarize the World Liberty Financial “affair,” which in recent days has involved Trump’s inner circle: Imagine a bank that collects savings from thousands of ordinary customers by promising high interest rates (depositing USD1/USDC on Dolomite to earn yield). Then, the bank lends almost all of those funds to a single large entity (WLFI’s treasury, linked to the project itself, with an advisor who is a co-founder of Dolomite). The result is that when depositors try to withdraw their funds, the bank has almost no liquidity left—leaving depositors locked out, while the large entity walks away with the cash. This is an oversimplification designed to make the process understandable to non-experts, but it effectively illustrates WLFI’s actions, which border on fraudulent. Recent updates indicate that WLFI’s treasury has repaid part of the loan; however, the remaining loan balance is still enormous, and WLFI’s position still accounts for over 55% of Dolomite’s total value locked (TVL).