Introduction
Decentralized finance has grown into one of the most innovative areas in crypto, but it still has its limits. Most lending platforms only support a small list of well-known tokens, leaving thousands of other assets without any real use beyond simple trading. For holders of niche coins, LP tokens, or yield-bearing tokens, this means a lot of untapped potential.
Dolomite is changing that. More than just another lending protocol, it’s building a comprehensive ecosystem where users can lend, borrow, trade, and even design strategies across more than one thousand different assets. And it does this without taking away your core DeFi rights like self-custody, transparency, and permissionless access.
Why Dolomite Stands Out
A wider range of assets
Most lending platforms let you work with only a few dozen tokens. Dolomite opens the door to over a thousand. This means you can unlock liquidity and earn yield from almost anything in your wallet, not just the big names like ETH or USDC.
Tokens that would normally just sit idle now become productive, whether you want to lend them for interest or use them as collateral for borrowing.
Keeping your token rights
When you supply tokens on many platforms, you lose certain benefits, like staking rewards or governance voting rights. Dolomite is different. Collateral here stays productive — staked tokens keep earning, governance tokens still let you vote, and yield-bearing tokens continue generating income. You don’t have to give up utility to gain liquidity.
Borrowing with flexibility
Dolomite gives you the option to open multiple borrowing positions in one wallet. Each position is isolated, so a risky move in one place won’t automatically put your entire portfolio at risk. On top of that, some assets are set to “collateral only,” meaning they can secure your loans but aren’t borrowable themselves. This keeps the system stable even when dealing with riskier tokens.
Smarter strategies made simple
Not everyone is an advanced DeFi trader. Building complex strategies like leverage loops or delta-neutral positions can be overwhelming. Dolomite’s Strategies Hub makes this easy. It gives you ready-made strategies you can activate in a few clicks, so even beginners can use powerful tools that used to be reserved for experts.
Making capital work harder
Dolomite’s design allows assets to play more than one role at the same time. A token can earn yield, act as collateral, and support a trading strategy all at once. This is what makes the system so capital efficient — every coin in your wallet can do more than just one job.
Governance and the DOLO token
Dolomite is powered by its own token, called DOLO. It plays a central role in governance and incentives.
DOLO is the main token used for governance votes and fees.
veDOLO is created by locking DOLO, giving holders more voting power and a share of fees.
oDOLO works as a reward token, which can later be converted into veDOLO depending on how long you’re willing to lock it.
This structure encourages long-term participation and makes governance stronger over time.
Managing risk
With so many supported assets, Dolomite needs strong protections. It does this through:
Collateral rules set according to each token’s risk level
Reliable price oracles to prevent manipulation
Automated liquidation systems to protect lenders
Security audits and multisig safeguards
Like all DeFi platforms, Dolomite carries risks such as smart contract vulnerabilities or liquidity issues with smaller tokens, but its layered approach gives users confidence that risks are being managed thoughtfully.
Growth and expansion
Dolomite is gaining momentum quickly. Its total value locked has already crossed the $200 million mark, and it is deployed on Arbitrum with integrations across ecosystems like Ethereum, Polygon zkEVM, and Berachain.
It is also expanding into Bitcoin DeFi through Spiderchain technology, aiming to bring Bitcoin liquidity into the same environment as EVM-based strategies.
Why it matters
Dolomite isn’t just another lending platform. It’s creating a true operating system for DeFi. For everyday users, this means turning idle tokens into yield. For larger players, it offers flexible risk management and efficient use of capital. For projects, it provides utility for their tokens, encouraging stronger community activity.
Conclusion
Dolomite’s approach of supporting over a thousand assets while preserving user rights sets it apart from the rest of the DeFi world. By blending lending, borrowing, trading, and strategy tools into one comprehensive platform, it has the potential to become the most inclusive hub for decentralized finance.
In a space where every token should matter, Dolomite is leading the way to ensure that no asset is left behind and no opportunity is wasted.
