@Dolomite turns "continuous income collateral + isolated cabin positions" into an on-chain major brokerage model: income-generating assets remain on the balance sheet for continuous accrual, while the upper layer independently undertakes subscription/hedging/acceptance processes in isolated positions. Each position has its own borrowing limit, discount, and liquidation path, with valuation refresh accelerated by thresholds, and subscription/redemption and fees automatically reported at the same NAV.

The result is to reduce the strategy from "trader skills" to "company-level processes," achieving consistency in execution, accounting, and auditing on a single report. The common practice of "positioning" for market-making and options teams translates to: subscription/put/hedging/inventory each performing their roles, allowing adjustments to hedging and permission parameters only during extreme periods, with underlying income uninterrupted; the DAO treasury divides the budget into mileage cabins, proposals automatically trigger limits, automatically renew upon achievement, and deviations are restricted, with expenditure snapshots and mileage evidence merged into a transparent report.

The investment side needs to monitor three types of verifiable indicators: the proportion and growth of income-generating collateral (determining funding costs and available leverage), the health distribution of positions and liquidation quality (determining stability during extreme periods), NAV deviation, and price refresh delay.

Once these indicators remain convergent even in high volatility environments, @Dolomite 's "electric switch classification" can support larger-scale institutional funds entering, and protocol returns can expand from a single interest spread to a long-term service capability of "position-level capital governance + same-caliber reporting." #Dolomite $DOLO