How does Dolomite integrate capital efficiency through virtual liquidity? The co-founder is actually Trump DeFi advisor

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ABMedia
04-23
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On April 22, Bit Alpha announced the listing of Dolomite (DOLO), with eligible users able to obtain DOLO tokens. This DeFi protocol from Berachain is significant, as its co-founder Corey Caplan is an advisor to Trump's World Liberty Financial project. Dolomite's virtual liquidity function significantly increases the capital efficiency of lending. Dolomite is a DeFi platform primarily focused on lending, initially established on Arbitrum and subsequently expanding to Berachain, Mantle, Polygon zkEVM, and X Layer. Currently, out of approximately $800 million in TVL, $740 million is concentrated on Berachain. It is currently the third-largest protocol on Berachain, behind only Infrared Finance and Kodak. Notably, one of its co-founders, Corey Caplan, is an advisor to Trump's World Liberty Financial project and an investor in Infrared Finance. Dolomite has completed two rounds of funding, with investors including Coinbase Ventures, 6th Man Ventures, Polygon co-founder Sandeep Nailwal, and Polygon Labs CEO Marc Boiron. Dolomite's platform offers lending, trading, and financial strategy operations, with its virtual liquidity feature being particularly noteworthy. Virtual Liquidity allows users to use funds within the system for trading or lending without actually withdrawing them. This design enables a single fund to serve multiple purposes, earning interest while simultaneously participating in trading and generating fees. On April 22, Bit Alpha announced the listing of Dolomite (DOLO), with Bit exchange users meeting specific criteria eligible for a 260 DOLO airdrop on April 24 after TGE. $DOLO is Dolomite's governance token, with a total supply of one billion, issued on Berachain and planned to achieve cross-chain circulation through Chainlink CCIP. The DOLO token model combines three token states to create a positive flywheel: - DOLO: Basic ERC-20 token with transfer, liquidity provision, and governance functions - veDOLO: Locked version used for governance and fee sharing - oDOLO: Part of the incentive model, allowing discounted conversion to veDOLO after purchase or borrowing

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