People often think of Aave and Compound when they think about DeFi lending markets. @Dolomite , on the other hand, is going above and beyond what a decentralized money market can do. Dolomite is not simply another way to deposit and borrow money. It is a DEX and lending layer that supports margins and enables users keep their native token rights, such staking rewards, governance power, and yield flows, even when those assets are used as collateral.
This innovative feature makes Dolomite stand out from its competition. It makes the protocol a whole new layer of infrastructure that makes capital work better.
What Makes #Dolomite Unique ๐
Most loan markets take away the value of tokens once they are put in. Dolomite accomplishes the opposite. Its architecture offers virtual liquidity and independent holdings, which means that users may open several borrowing accounts without worrying about them becoming mixed up. You may achieve professional-level capital efficiency with an interface that is straightforward for average people to use. It has features like different risk modes and E-Mode (efficiency mode for connected assets).
Tools for Products and Ecosystems ๐ ๏ธ
โข Dolomite Balances: the collateral retains its rights to control and earn money. โข Margin DEX: open leveraged positions on a lot of different pairs.
โข Zap Strategies: with only one click, you can send agricultural flows.
โข Security: OpenZeppelin, Bramah, SECBIT, and Cyfrin have all looked at it, while Zokyo and Guardian have looked at the modules.
Dolomite is both an exchange and a lending protocol since it has a number of various features that connect two kinds of DeFi.
Support and momentum ๐
The government and the people in the area both support Dolomite a lot. In May 2023, it secured $2.5 million in a seed round led by Draper Goren Holm and NGC Ventures. This round brought in KOLs and builders. The Arbitrum Foundation awarded it $804,000, which makes it even more a member of the L2 ecosystem.
The three-token system from Dolomite is supposed to endure a long time: โข DOLO is the primary token on the ERC-20 network. โข veDOLO: $DOLO that is locked in an NFT so that fees, prizes, and governance may be shared. โข oDOLO: weekly emissions that must be matched with DOLO to earn discounted veDOLO. This creates a flywheel for liquidity owned by the protocol.
More over half of the entire supply of 1B goes to community rewards. The rest is shared between the team, investors, and the foundation, all with long-term vesting schedules.
Last Thoughts โจ
Dolomite doesn't want to be just another money market. By merging margin trading, loan, composability, and veToken procedures, it is making the DeFi future more capital-efficient. Dolomite has both traction and trust since it has good investors, has been audited numerous times, and has just been in the news on Binance.
It's not about whether Dolomite can compete with well-known companies like Aave or Compound; it's about if it can change what DeFi money markets should be and perform better than them. ๐๐ฅ
