Dolomite (DOLO) is an emerging decentralized finance (DeFi) platform that integrates a decentralized exchange (DEX) with a money market protocol. It aims to enhance capital efficiency by enabling users to lend, borrow, and trade a diverse array of over 1,000 unique crypto assets, including staked tokens and yield-bearing assets, without relinquishing their DeFi-native rights .
Key Features
Virtual Liquidity System: Dolomite's unique system allows assets to be utilized across multiple functions—such as lending, borrowing, and governance—simultaneously, maximizing capital efficiency .
Dynamic Collateral System: Users can stake, vote, and earn rewards while leveraging their assets for borrowing, retaining the utility of their holdings .
Modular Token Structure: The ecosystem utilizes three tokens:
DOLO: The base ERC-20 token used for exchange liquidity and transferability.
veDOLO: A time-locked token used for governance and rewards.
oDOLO: An incentive token earned by providing liquidity .
Tokenomics
Total Supply: 1 billion DOLO tokens.
Inflation Rate: 3% annual inflation starting in 2026 to fund platform growth and liquidity incentives .
Ecosystem and Adoption
Dolomite operates on the Arbitrum network, an Ethereum Layer 2 scaling solution that reduces gas fees and increases transaction speed . The platform supports a wide range of assets, including complex yield-bearing and LP tokens, and offers features like margin trading and spot trading .
Market Presence
DOLO is actively traded on major exchanges, including Binance and Bitget . The token experienced significant volatility, reaching an all-time high of $0.3175 before a recent 15% correction .