step,date,event,amount_usd_millions,notes,source
1,2026-04-02,WLF mints 5 billion WLFI tokens as internal paper,,Tokens are self-issued; no external liquidity provided for them,on-chain
2,2026-04-03,WLF deposits 5B WLFI on Dolomite protocol as collateral,,Deposit dominates Dolomite's ~$794M total supply liquidity,on-chain
3,2026-04-03,WLF borrows $75M in stablecoins against WLFI collateral,75,Loan extracts real dollars against internally issued paper,on-chain
4,2026-04-03,USD1 lending pool hits 100% utilization,,Depositors who had lent real dollars are locked out of their funds,Dolomite protocol state · AirdropAlert
5,2026-04-04,WLFI token crashes 12% to record low of ~$0.08,,Down 76% from token launch,CoinGecko · on-chain
6,2026-04-12,"Sun publicly accuses WLF of ""textbook extraction play""",,"Full defection statement includes governance, backdoor, extraction allegations",Sun public statements