Unstable Donald Trump ($USDT)

Dolomite Market Performance During October 11 Volatility Event

Yesterday marked one of the most dramatic and unprecedented 24-hour periods in the history of crypto markets.

A cascade of exchange outages and liquidity thinning led to record liquidations and price dislocations across nearly every major asset.

I’ve been in this industry since 2015 and this truly feels like the worst cascade on alts ever. Worse than COVID, even. The meltdown was fast, many CEXs stopped working normally and liquidity completely thinned out.

Events like this remind us that behind every transaction and every liquidation are people — builders, traders, and communities who make this industry what it is. We remain committed to the shared work of making DeFi stronger and more resilient with each challenge it faces.

Dolomite’s System Response

Over the 24-hour period beginning Friday, October 11, Dolomite’s internal risk management systems and liquidation mechanisms functioned as designed.

Our onchain risk engine processed a record number of forced position closures liquidations protecting the integrity of the protocol.

During this period, certain altcoins dropped by over 75% in a matter of minutes. This extreme illiquidity in certain alts on Arbitrum and Berachain resulted in $191k in bad debt across a small subset of markets.
These assets and their corresponding markets are listed below as estimates for full transparency:
• Arbitrum USDC — $63,252
• Arbitrum USDT — $47,157
• Arbitrum USDC.e — $6,115
• Berachain USDC .e — $63,374
• Berachain HONEY — $6,106
• Berachain BYUSD — $5,006

Outcome and Protocol Status

Fees generated from the liquidation activity during this period significantly exceeded the value of the bad debt incurred. Despite the localized illiquidity, the protocol remains fully solvent and operational.

As a result, the protocol’s reserves and overall liquidity position strengthened, and no user deposits or withdrawals have been impacted. Bad debt will be paid down and protocol operations remain uninterrupted.

Dolomite’s systems—including our Pause Sentinel, Automatic E-Mode, and Chainlink oracle integrations—operated within designed parameters. Our multi-layer risk framework, detailed in Dolomite’s documentation, continues to provide robust protection under even the most volatile conditions.

Looking Forward

We are continuing to monitor market data and oracle performance across all deployments and will implement any additional mitigations necessary to safeguard users and maintain system integrity.

Dolomite remains fully operational, solvent, and open for trading, lending, and borrowing. All funds on Dolomite are secure.

To our users: DeFi was built to withstand days like this—not because volatility is easy, but because transparency, automation, and open systems make recovery possible.

Wasn't $Block supposed to change the future of finance, together with $WLFI?

Tbf all trump related coins and products has one thing in common: Down only.

🚨 After the market crash, Tether ( $USDT) and Circle ( $USDC ) minted a massive $1.75 BILLION in stablecoins.

This shows how much demand there is for stability during market chaos.

Is this a sign that traders are moving to safety? 🤔

7X from my call on $USDT 🕊️
Prints ……..🖨️

2f6KPSCVdn5qaGjx96UnzMVHThAqDFuNKrfYcffdpump

i'm so tired of winning 😭🥀

I think we go lower 😅

just cooked a banner

4X from my call on $USDT 🕊️
Prints ……..🖨️

2f6KPSCVdn5qaGjx96UnzMVHThAqDFuNKrfYcffdpump

Flight to quality in progress

Odaily星球日报讯 OKX 行情数据显示，SOL 跌破 180 USDT，现报 179.91 USDT，24H 跌幅 12.88%。 （本条快讯由AI辅助生成）