As a DeFi user who prioritizes the safety of funds, the main reason I choose Dolomite is its security architecture. The smart contracts audited multiple times by Open Zeppelin and SECBIT allow me to deposit funds with peace of mind. Although I know that any contract carries risks, Dolomite's transparency and security record are indeed reassuring.
What I appreciate the most is their multi-signature wallet mechanism. All management operations have a 48-hour delay, which gives me enough time to respond to potential risks. There was once a suspicious admin operation that the community successfully blocked during the delay period; this security mechanism is really practical.
The risk parameter settings are also quite reasonable. The initial collateralization rate of 115% is indeed higher than some protocols, but it does provide a better safety margin. In my own operations, I always maintain a collateralization rate of over 150%, preferring to borrow a little less to ensure safety.
The design of the liquidation mechanism is both efficient and fair. The 5% liquidation reward incentivizes liquidators to act promptly, while the reliable data from the Chainlink oracle ensures the accuracy of the liquidation price. Although I'm glad I haven't been liquidated yet, seeing the system's stable performance during market fluctuations gives me more confidence in the safety of my funds.
When using Dolomite now, I regularly check my position risk and use their risk dashboard to monitor health coefficients. This proactive risk management habit allows me to enjoy DeFi returns while also getting a good night's sleep.
With the advancement of DAO governance, I believe the security of the protocol will continue to improve. Community-driven security audits and bug bounty programs are making Dolomite one of the most trusted DeFi protocols.
