Last night, Binance Alpha airdropped $ZORA, tonight it’s $DOLO's turn.

With two consecutive launches, the Alpha section has become the most discussed launch channel recently.

Taking advantage of this wave of enthusiasm, let's take a look at what Dolomite is.

What exactly is Dolomite for?

Dolomite is a DeFi protocol that integrates multiple functions, deployed on various chains such as Arbitrum, Mantle, and Berachain. It encompasses:

  • Lending and Borrowing

  • Spot Trading

  • Leverage

  • Collateralized portfolio of various income-generating assets

But rather than saying it is a DEX or lending platform, it is better to say it is a strategy-building platform—you can flexibly build your own on-chain capital structure under one account.

Core logic: Virtual liquidity system

This mechanism is the underlying support of Dolomite. It allows users to:

  • Simultaneously open multiple 'position accounts'

  • Each position can be collateralized with up to 32 types of assets (LP, stETH, yield tokens, etc.)

  • All operations can be bundled into one action: borrow + trade + collateral change

  • The liquidation mechanism is based on overall account health rather than a single asset

This makes Dolomite's portfolio strategy more flexible and more resistant to volatility.

How is the popularity of this project?

According to TVL data, in February 2025, Dolomite's TVL increased from tens of millions to $390 million within a week, of which:

  • Berachain occupies over 84% of the share

  • Arbitrum and Mantle deployments are still in early testing

Community feedback also focuses on one point: 'Smooth operations, flexible combinations.'

Asset support and security design

  • Supports income-generating assets as collateral (can be automatically reinvested)

  • The liquidation mechanism is more forgiving, and it is not easy to be 'mis-hit' during fluctuations

  • Collaborating with Chainalysis for protocol behavior monitoring

  • Using Chainlink as an oracle + self-developed router to reduce slippage

The security strategy is relatively solid, catering to 'heavy asset users.'

Who is doing this, and who invested money?

  • Core members come from 0x, Loopring, dYdX, etc.

  • Investors include Coinbase Ventures, NGC, 6MV, etc.

  • Total financing is about 2.5 million USD, and product development has been nearly two years, not a spur-of-the-moment decision.

Not particularly high-profile, but steady in rhythm.

Lastly, a personal judgment:

The underlying logic of Dolomite is indeed different from typical DEX and lending protocols.

It is trying to solve the problem of DeFi operations being 'too fragmented and complicated.'

The combinatorial design will make some medium to heavy users more interested in in-depth use.

But whether it can come out and run successfully still depends on the subsequent actual operation and Berachain's overall performance.

Back to Binance Alpha airdrop

The conditions for this $DOLO airdrop are:

  • From April 15 to 22, transactions in the Alpha zone reached $100

  • Average daily assets in the wallet exceeded $50

From the rules, this is not just 'receiving coins', but hopes to guide users to experience early projects in the Alpha zone.

In the future, there may be more similar mechanisms worth paying attention to.

#DOLO #BinanceAlpha