World Liberty Finance Nears Dolomite Borrowing Limit, Chaos Labs Says
According to Chaos Labs, World Liberty Finance (WLFI) has expanded borrowing on Dolomite, with roughly 3 billion WLFI supporting about $40.7 million in stablecoins, mainly USD1.
USD1
Summary
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Terms & Concepts
Collateral: Assets pledged to secure a loan and reduce lender risk if the borrower cannot repay.
Stablecoins: Cryptocurrencies designed to maintain a stable value, typically by tracking a fiat currency such as the U.S. dollar.
Multisig: A multi-signature wallet that requires multiple approvals before a transaction can be executed.