Dolomite is pleased to announce that Dolomite is ready for deposits on Ethereum!
This deployment is more than just next chain expansion; it’s the culmination of years spent building, refining, and preparing for this very moment. Ethereum is more than just a network — it’s the bedrock of decentralized finance and we’ve long anticipated the day we would deploy here.
High Points
First lending market to support USD1 on Ethereum.
oDOLO incentives will launch on day one, with USD1 as a key beneficiary.
Core features available at launch: ZAP, isolated borrow positions, E-mode, and deep consolidated liquidity.
Day one supported assets include: ETH, WBTC, USD1, USDC, USDT, srUSD, rUSD, weETH, CRV, AAVE, LINK and sUSDe. This list will continue to grow with DOLO and Pendle PTs going live soon.
Upcoming new features: Strategies, veDOLO fee discounts, Smart Debt & Smart Collateral.
Dolomite’s Journey
Dolomite’s foundation was laid years ago, driven by a simple belief that financial infrastructure should be open, transparent, and accessible to everyone.
Dolomite story began with co-founders Corey and Adam, who started building in this space before “DeFi” was even a term. They built the first DEX on Loopring back in 2018, when daily DEX volumes across all platforms were just $5–10 million. This wasn’t about catching a trend — it was about believing in permissionless systems long before they went mainstream.
Dolomite in its current form has been in operation for over three years. Three years spent building, testing, and seeking true product-market fit. We’ve processed over $1 Billion in trade volume, reached an all time high of over $1 Billion in TVL, and built a product that fills an essential role in the broader DeFi landscape. Every deployment, every feature, every integration has been a step toward this moment teaching us something new and making the protocol stronger. This deployment is the next step in our evolution.
Why Ethereum?
Dolomite was designed with Ethereum’s values at its core: self custody, security, and transparency. We embody these principles as our core values align for this moment.
Deploying on Ethereum isn’t just logical — it’s essential. After years of development and refinement, we’re ready to bring Dolomite to where the majority of DeFi capital lives. Ethereum is the home to $126 Billion in stable coin liquidity and $60 billion in DeFi TVL. It’s not just the largest, it’s the most secure, most liquid, and most mature ecosystem for decentralized finance.
Ethereum is where innovation thrives. Its unparalleled developer ecosystem and vibrant community churn out diverse projects, drawing users eager for decentralized apps and digital ownership. This dynamic cycle fuels a self-reinforcing loop of innovation and adoption, constantly attracting new builders. This environment is ideal for Dolomite, with our ability to onboard unique new assets rapidly we are primed to grow and surface exciting opportunities for our users.
Dolomite launch on Ethereum is accompanied by a new asset listing, World Liberty’s new stablecoin USD1. Backed 1:1 by cash and short-term U.S. Treasuries, USD1’s supply has rapidly grown to over $2 Billion since its launch in March, pushing it to 7th place among all stablecoins by market cap. USD1 depositors will be major beneficiaries of our oDOLO incentive system as we work to deepen liquidity for borrowers on Ethereum.
Dolomite is the first lending protocol on Ethereum to add USD1 support and we’re looking forward to seeing how our users explore this new integration and the opportunities it will power.
Our Multi-Chain Strategy
This Ethereum deployment is the next step in our multi-chain expansion and will be followed soon by our deployment to Botanix. We’re still all about growing and our multi-chain strategy isn’t changing. This launch opens up new opportunities for both Dolomite and our users.
DOLOMITE continuing to build and onboard interesting and powerful assets no matter where they are. Our Berachain and Arbitrum deployments are thriving and expanding as we consistently grow our supported asset list on every chain we call home.
Berachain
The unique Proof of Liquidity system on Berachain creates opportunities that don’t exist anywhere else, and we’re committed to helping users maximize those opportunities. In fact, stay tuned for pol-BERA and pol-HONEY, two exciting new Proof of Liquidity integrated assets coming to our Berachain deployment soon! Users will also continue to participate in Dolomite’s innovative tokenomics from Berachain.
Arbitrum
Arbitrum and GMX continue to thrive no matter the market conditions. Multiple GM asset strategies are consistently producing some of the healthiest yields available in DeFi.
What’s next?
Dolomite is now live on Ethereum, accepting deposits and offering loans, along with a suite of innovative features and tools DOLOMITE can’t wait for you to experience:
Deep cohesive liquidity — no segregated stables markets
dTokens — ERC4626 compliant wrappers around yielding assets in your Dolomite balance that enable their use throughout DeFI.
E-Mode — automatically increased leverage for correlated assets, boosting capital efficiency without adding risk.
Isolated borrow positions — deploy multiple risk isolated positions
oDOLO incentives — proprietary incentive system, designed to award long term users while driving liquidity to markets where it will benefit the whole ecosystem.
Strategies Hub — curated, pre-built strategies for yield farming, delta-neutral positioning, and basis trades.
ZAP Meta-Aggregator — one-click optimization of complex DeFi operations — looping, swapping, collateral conversion, and more.
Plus exciting upcoming feature releases like:
Botanix expansion — Botanix is the Bitcoin-based blockchain for applications building the financialization of Bitcoin.
Borrow interest rebates — veDOLO holders will enjoy discounts to the interest paid when borrowing, determined by the size and length of your veDOLO locked positions.
Smart Debt and Smart Collateral — which will empower users to earn more in fees, offsetting borrow costs and amplifying returns. This powerful new feature will turn both collateral and debt into productive assets, further increasing the capital efficiency of Dolomite.
A New Era
This deployment represents years of work, countless iterations, and an unwavering commitment to decentralized finance. It’s not just a milestone for Dolomite — it’s a statement about where we’re headed. We’re building the future of finance on the foundation that started it all, bringing our battle-tested protocol to the network that made DeFi possible, and opening new doors for users, developers, and partners.
The platform is live.
The opportunities are plentiful.
