What is Dolomite (DOLO)?
Dolomite (DOLO) is a next-generation DeFi protocol that integrates a decentralized exchange with a money market, offering users the ability to engage in over-collateralized loans, margin trading, spot trading, and more. Its unique virtual liquidity system allows for capital efficiency, enabling users to maximize the utility of their assets by earning lending yields while simultaneously participating in trading activities.
Who Created Dolomite (DOLO)?
Dolomite was developed by Leavitt Innovations, with key figures including co-founders Corey Caplan and Adam Knuckey. The team began working on decentralized exchange technology as early as 2018, initially building on the Loopring protocol. After gaining experience and understanding the needs of the DeFi space, they launched the new version of Dolomite in October 2022, designed to support a wide range of assets and complex DeFi instruments.
What VCs Back Dolomite (DOLO)?
Dolomite received investment from Draper Goren Holm, NGC Ventures, Coinbase Ventures, WWVentures, 6th Man Ventures, RR2 Capital, Token Metrics Ventures, Orchard Street Capital, and Guanxi DAO. Angel investors such as Matthew Finestone, Kyle Rojas, and David Bleznak also contributed.
How Dolomite (DOLO) Works
1. Integrated DEX and Lending Protocol
Dolomite stands out by combining the functionalities of a DEX and a lending platform. Users can engage in spot trading, margin trading, and over-collateralized lending, all within a single interface. This integration allows for seamless transitions between trading and lending activities, enhancing user experience and capital efficiency.
2. Broad Token Support
One of Dolomite's distinguishing features is its extensive token support. The platform can list thousands of assets, including non-standard tokens like staked LP tokens and yield-bearing assets. This broad support provides users with diverse options for portfolio management and strategy implementation.
3. Capital Efficiency through Virtual Liquidity
Dolomite introduces a virtual liquidity system that enables users to maximize the utility of their assets. For instance, assets deposited can simultaneously earn lending yields and participate in trading activities. This dual functionality ensures optimized returns across multiple avenues.
4. Modular Architecture
The platform's architecture comprises two primary layers: an immutable core layer and a mutable module layer. This design allows for adaptability, enabling Dolomite to integrate new features and respond to evolving DeFi trends without compromising its foundational stability.
5. Tokenomics: DOLO, veDOLO, and oDOLO
Dolomite's ecosystem revolves around three primary tokens: DOLO, veDOLO, and oDOLO.
● DOLO: A standard ERC-20 token that serves as the foundational currency within the Dolomite ecosystem.
● veDOLO: Vote-escrowed tokens that grant holders governance rights and a share of protocol fees. Implemented as NFTs, veDOLO tokens are transferable and can be merged or split, offering flexibility to users.
● oDOLO: Designed to reward liquidity providers, oDOLO tokens can be paired with DOLO to acquire veDOLO at a discount. This mechanism incentivizes long-term participation and supports protocol-owned liquidity.
This tri-token system fosters a self-sustaining cycle, aligning incentives across stakeholders and promoting the platform's growth.
6. Integration with the Berachain Ecosystem
Dolomite has strategically positioned itself within the Berachain ecosystem, leveraging its Proof-of-Liquidity (PoL) model. This integration allows users to utilize their assets more effectively, such as borrowing against governance tokens without selling them. Dolomite's presence enhances Berachain's liquidity and user retention, solidifying its role as a core financial primitive within the network.
DOLO Goes Live on Bitget
Dolomite is a powerful, all-in-one protocol that brings trading, lending, and capital efficiency together in a seamless and user-friendly ecosystem. Its ability to support a wide range of assets, including complex yield-bearing and LP tokens, combined with a unique token model (DOLO, veDOLO, oDOLO), creates a dynamic environment where users can maximize returns while participating in governance and liquidity growth.
Dolomite’s deep integration with the Berachain ecosystem, along with backing from top-tier VCs like Coinbase Ventures and Draper Goren Holm, signals strong confidence in its future potential. And with its cutting-edge architecture and scalable design, Dolomite is not just built for today’s DeFi users—it’s engineered for what’s next.
For those looking to be part of this momentum early, acquiring DOLO can offer both utility and upside within the ecosystem. DOLO is now available for trading on Bitget, making it easier than ever to get involved with one of DeFi’s most promising new platforms.
