Protos|Jul 08, 2025 14:36
⚠️ DWF LABS' USDF STABLECOIN CRISIS
@DWFLabs' 540 million $USDf stablecoin just depegged to 0.98, and the backing looks murky as hell.
Claims 117% collateralization, but 96% of reserves are held OFF-CHAIN... trust me bro 🧵
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