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What is Dolomite?
Dolomite (DOLO) is a decentralized Lending protocol built on Berachain. According to dolomite.io, Dolomite allows users to optimize profits from idle assets through margin lending, liquidity provision, and leveraged yield farming.
The protocol supports over 32 collateral assets, integrating with multiple DeFi platforms like Harvest Finance, FalconX, Chainlink, and The Graph. The project successfully raised $2.5 million in a funding round in May 2023 from Draper Goren Holm, NGC Ventures, and other funds. Dolomite is transitioning to a DAO model to increase community governance and operational transparency.
How does Dolomite work?
Dolomite integrates the main functions of DeFi:
- Virtual Liquidity: Allows simultaneous liquidity provision to AMM and earning interest from margin and yield farming with the same asset.
- Leveraged Yield Farming: Combined with Harvest Finance, users can farm using LP tokens with leverage.
- Diverse Collateral Assets: Supports up to 32 types of assets, enabling capital use optimization.
- Fee Optimization: All fees (trading, borrowing, liquidation...) are distributed to DAO for community management.
Dolomite's Products
- Margin Trading & Lending Protocol: Dolomite's core platform, supporting borrowing, lending, and leveraged trading.
Dolomite's Borrow Product - Virtual Liquidity System: Provides liquidity, earns interest, and yield farms from a single capital source.
- Integration with Harvest Finance: Leveraged yield farming using LP tokens.
- Mobile Application (upcoming): Increasing user accessibility.
Dolomite's Key Features
- Multi-layer Profit Optimization: From margin lending, AMM fees, and farming.
- Multi-DeFi Integration: Connecting multiple platforms like Chainlink, The Graph.
- Decentralized Governance: Transitioning to a DAO model.
- No Application Limits: Aiming to become a core DeFi infrastructure.
Dolomite's Ecosystem
- Dolomite Protocol: Core for Margin Lending, Virtual Liquidity.
- Harvest Finance: Strategic partner for leveraged farming.
- Chainlink & The Graph: Providing Oracle data and data queries.
- FalconX: Market data partner.
- Dolomite Community: Active on x.com/Dolomite_io, Discord.
Overview of DOL Token and Tokenomics
Token Data
- Token Name: Dolomite
- Ticker: DOLO
- Blockchain: Berachain
- Token Standard: ERC-20
- Token Type: Utility & Governance
- Total Supply: 1,000,000,000 DOLO
- Circulating Supply at TGE: 405,700,000 DOLO
- 326,650,000 DOLO (regular type)
- 79,050,000 veDOLO (locked, non-transferable type)
Token Allocation
[Rest of the translation follows the same pattern, maintaining the original structure and technical terms]How to Earn and Own DOLO Token
- Currently, Binance Wallet is conducting an airdrop of DOLO tokens for Binance users who previously purchased tokens on Binance Alpha to show appreciation to its users
DOLO Token Storage & Trading Platforms
DOL Storage Wallet
- MetaMask, Trust Wallet: Supports ERC-20 tokens on Arbitrum.
- Ledger, Trezor: Secure Cold Storage (via MetaMask).
DOLO Trading Platforms
- Currently: Not listed on any exchange.
- Expected: Potential listing on Uniswap (Arbitrum), SushiSwap, or CEX like Binance, Gate.io.
Roadmap
- Before 05/2023: Protocol development, integration with Chainlink, Harvest Finance.
- 05/2023: Raised $2.5 million in Capital.
- 2023–2024: Launch of Margin Lending, Virtual Liquidity, Yield Farming.
- 2024–2025:
- Transition to DAO
- Develop mobile application
- Expand integration with other protocols
- Future: Launch of $DOL token and public listing.
Dolomite Project Team
- Leavitt Innovations: Primary development unit.
- Current Management: 2/3 Multisig.
- Future: Transition to DAO, decentralized governance.
Investors and Partners
Investors
The project has raised a total of $4.2 million through various rounds with major investors such as:
- Draper Goren Holm
- NGC Ventures
- Coinbase Ventures
- 6th Man Ventures
- Token Metrics Ventures
- Orchard Street Capital, Guanxi DAO, RR2 Capital
Partners
- Harvest Finance: Farming integration.
- FalconX: Liquidation & market data.
- Chainlink: Price Oracle.
- The Graph: Decentralized data querying.
Similar Projects to Dolomite
- AAVE: Lending platform, does not support margin + farming.
- Compound: Lending protocol on Ethereum.
- dYdX: Layer 2 margin trading, but does not support integrated farming like Dolomite.
Summary
Dolomite is a promising project in the DeFi space, especially on Arbitrum. With the combination of margin trading, lending, and leveraged farming — Dolomite provides an unprecedented capital utilization mechanism. Backed by major funds, with plans to transition to DAO and develop applications, Dolomite opens up a long-term future. However, since the $DOL token has not yet been launched and the market is fiercely competitive, users should carefully monitor before deeply engaging.
