Overview
Corey Caplan is the co-founder of Dolomite, a DeFi lending protocol, and simultaneously an adviser to World Liberty Financial, the Trump family crypto venture. This dual role is the insider link in WLFI’s controversial borrowing operation.
Key Facts
- Co-founded Dolomite, the DeFi lending protocol Trump’s World Liberty Financial uses five billion WLFI to borrow $75 million
- Serves as adviser to World Liberty Financial Trump’s World Liberty Financial uses five billion WLFI to borrow $75 million
- This dual role enabled WLFI to borrow ~$75M against its own tokens on a platform co-founded by its own adviser
Newsletter Relevance
Caplan is the human link in a textbook Conflict-of-Interest Gap — advising the borrower while co-founding the lending platform. In traditional finance, this arrangement would trigger regulatory scrutiny. In DeFi, it operates in a governance vacuum.
Connections
- Dolomite — co-founder
- World Liberty Financial — adviser
Source Appearances
- Trump’s World Liberty Financial uses five billion WLFI to borrow $75 million — identified as the insider connection
Open Questions
- What is the nature of Caplan’s advisory role at WLFI? Compensated? Token allocation?
- Did Caplan have any role in the decision to use Dolomite for WLFI’s borrowing?