1. What changed this week
Binance listed DOLO on August 27 with spot pairs in USDT USDC BNB FDUSD and TRY plus a HODLer Airdrop of 15M DOLO and another 10M in six months Circulating supply at listing was reported as 441,621,967 DOLO Binance also flagged a Research brief that outlines roadmap items including discounted borrowing for veDOLO and a Q4 2025 first DAO vote
2. Live market and protocol snapshot
Total value locked sits near 306.8M with 97.42M borrowed about 30 percent utilization Fees in the last 24 hours were roughly 29.7k and volume about 145.2M TVL by chain today Berachain 90.05M Arbitrum 89.55M Ethereum 23.29M Botanix 5.18M Polygon zkEVM 1.02M Mantle about 0.29M Uniswap v3 liquidity shows roughly 939k on the main DOLO pool
3. What Dolomite actually is
Dolomite blends lending with DEX routing and in position swaps so users can borrow trade loop and hedge without closing positions The Zap and Borrow guides show one click leverage debt swaps and collateral rotations inside a borrow position which is a core UX edge for strategy execution
4. Why capital efficiency is different here
Collateral on Dolomite keeps its native utility For GLP and other complex assets users retain rewards and rights while borrowing against them and only the collateral asset is seized if liquidated This preserves yield plus unlocks liquidity which most money markets sacrifice by abstracting assets into inert IOUs
5. Risk is compartmentalized not pooled
Each loan is an isolated sub account with its own collateral debt and health factor so a high beta loop can sit next to a conservative farm without cross contamination Binance Research summarizes this design alongside the broader toolset strategies hub and meta aggregator routing
6. Cross chain posture and supply integrity
Dolomite adopted Chainlink Price Feeds Automation and CCIP so collateral safety and token supply coordination extend across networks The CCIP integration notes lock and mint mechanics for multi chain DOLO while Chainlink’s ecosystem page tracks the integrations timeline from feeds to CCIP
7. Token mechanics that favor commitment
The oDOLO to veDOLO loop requires pairing with DOLO to mint discounted veDOLO aligning incentives toward locks and governance weight rather than fly by night emissions The token mechanics page details this virtuous cycle and how POL and fee growth reinforce depth for borrowing markets
8. What to watch next
Governance is turning on with a forum launched in late August and documentation specifying that the DAO will handle higher order items like tokenomics treasury and incentives Near term watch items first on chain votes discounted borrowing for veDOLO and mainnet stablecoin focused strategies
