Macroeconomic background: Data determines the transparency of finance.
In the traditional financial system, risk management relies on a vast data network: exchanges, clearinghouses, central banks, and credit agencies collectively maintain real-time data and risk standards.
However, in DeFi, although all transactions are recorded on-chain,
data is scattered across different protocols and chains, making it difficult to unify.
Risk indicators lack standardization, with different protocols adopting different clearing thresholds and margin logic.
Investors and institutions find it difficult to access transparent and comparable financial data layers.
If DeFi is to connect with institutional finance, a transparent, verifiable, and standardized financial data network must be established. Dolomite is taking this step.
Differentiated Positioning: The On-Chain Hub of Financial Data
Dolomite's differentiated advantage lies in that it is not only a trading and financing platform but can also become the financial data and risk standardization layer:
Standardization of Risk Parameters —— Transforming collateral rates, margins, clearing thresholds, etc., into open data standards.
Financial Data API —— Providing a unified data interface to investors and protocols, offering risk and market conditions.
On-Chain Transparency —— Every financing and clearing operation becomes a traceable, auditable data asset.
This positioning makes Dolomite the risk data hub of DeFi, equivalent to an on-chain 'financial data clearinghouse.'
Development Path: From Internal Data to Open Network
The development of Dolomite's financial data network can be divided into three steps:
Stage One: Internal Data Transparency of the Protocol —— On-chain visualization of its own clearing and margin data.
Stage Two: Cross-Protocol Data Standards —— Output standardized data formats for external protocols to call.
Stage Three: Institutionalized Financial Data Layer —— Becoming a risk data bridge between DeFi and TradFi, supporting regulatory compliance and institutional access.
This path allows Dolomite's narrative to transcend 'margin protocols' and upgrade to on-chain financial data standard setters.
On-Chain Data Verification: The standardization gap is enormous
The on-chain reality has already indicated the demand for data standardization:
Disruption of Margin Standards: Differences in collateral rates among different protocols can reach dozens of percentage points;
Insufficient Risk Transparency: Users cannot track systemic risks at the protocol level in real-time;
Cross-Protocol Combinations Restricted: Due to the lack of unified data, financial Legos are difficult to piece together into more complex products.
Dolomite's data standardization layer perfectly fills this gap.
Business Model and Token Logic
Under the 'financial data network' narrative, Dolomite's business model includes:
Data API Fees —— External protocols calling risk data interfaces need to pay fees;
Institutional Subscription Services —— Providing on-chain risk monitoring and compliance data to TradFi institutions;
Data Derivatives —— Developing a new type of derivative market based on risk data.
DOLO Token Logic Upgrades to Data-Driven Tokens:
Governance Rights: Deciding data standards and open scope;
Yield Rights: Capturing API income and data subscription revenue;
Guarantee Rights: The pledge pool serves as a reputation guarantee for data accuracy.
Risks and Challenges
While the financial data network has broad prospects, it faces challenges:
Data Privacy Conflicts —— Some financial data may conflict with privacy protection;
Standard Competition —— Other protocols may also attempt to establish their own data standards, leading to fragmentation;
Compliance Friction —— If Dolomite outputs data to TradFi, it needs to meet strict audit and regulatory requirements.
Investor and Developer Framework
Investor Perspective: Dolomite's narrative upgrades from 'guaranteed financing' to a risk data network, with a valuation logic closer to 'Bloomberg + clearinghouse.'
Developer Perspective: The data API provided by Dolomite allows new protocols to directly access standardized risk and financing logic, significantly reducing system complexity.
Long-Term Strategic Height of Institutional Financial Infrastructure
From an institutional perspective, the significance of Dolomite lies in:
It integrates decentralized on-chain data into verifiable, auditable, and comparable financial standards;
It builds a decentralized Bloomberg + DTCC through token governance and open interfaces;
It drives DeFi from 'experimental products' to a data-driven institutional financial system.
If Chainlink provides price oracles, then Dolomite's vision is to be the on-chain oracle for risk and financial data —— the data clearing layer of DeFi.
