DOLO has landed on Coinbase, can we expect something from it?
DOLO just landed on Coinbase, and its DeFi token can be considered to have entered a new stage. The market performance and its worth are worth pondering.
First, let's look at the key data. In the past month, the protocol earned $948,000, with a net income exceeding $200,000. The current TVL is approximately $347 million, and the total supply of tokens is 1 billion, which provides a solid foundation.
Next, let's discuss why it may be valuable. Firstly, it truly has cash flow income, which is the bottom line of token value; secondly, the veDOLO/oDOLO model encourages long-term locking, which can reduce selling pressure; moreover, starting from the fourth year, 3% annual inflation will be managed by the DAO, specifically for ecological development. These points are quite advantageous.
However, compared to big brothers like Aave and Compound, DOLO is still in its growth phase. Currently, considering the ratio of market cap to income, if it can further increase TVL and income in the future, there is room for revaluation.
Risks must also be mentioned, such as long-tail asset collateral potentially facing liquidation issues, and whether demand can stabilize after incentive activities end is uncertain. Additionally, governance efficiency may face challenges during multi-chain expansion.
In fact, the logic of how much DOLO is worth is becoming clearer: In the short term, it relies on exchange listings and incentive activities; in the medium term, it depends on real income and locking mechanisms; in the long term, it will be about whether multi-chain expansion and governance succeed.
For investors, buying in batches and keeping an eye on the fundamentals and governance progress of the protocol should be a relatively stable strategy.
$DOLO
