Last week, during Token2049, I stepped into @Dolomite 's offline booth for the first time. Coincidentally, the governance forum was open for testing, and the team invited me to connect to the new channel using my Discord account to try out the proposal process. Unexpectedly, in just three days, I completed the transition from 'user to shareholder.'
First is the complete upgrade of governance experience. In the past, voting on other protocols often required navigating through seven or eight pages and paying three or four gas fees, while @Dolomite integrates discussion, proposals, snapshots, and voting all within the embedded Discord panel. After locking veDOLO, I can initiate topics with one click. The proposal I submitted to 'increase the ETH borrowing rate limit' entered community debate within 24 hours and passed into formal voting via snapshot after 72 hours. The entire process felt like clicking emojis on Slack, not cumbersome at all.
The token incentives are even more surprising. Staking $DOLO
While obtaining veDOLO weights, the system automatically distributes oDOLO to my governance wallet. I use these oDOLO to pair with HONEY for market making, with a seven-day annualized APY exceeding 40%, offsetting the liquidity costs brought by lock-up. This design of 'governance rights - income - liquidity' allows long-term holders to truly become the primary beneficiaries of the protocol's profits.
From my experience, my biggest impression is that @Dolomite is bringing the Prime Brokerage model from traditional finance onto the blockchain: unified accounts, portfolio collateral, atomic settlement, internal matching, plus governance profit sharing. Institutional market making has a natural demand for such integrated platforms; and retail investors can also sit in the 'investment bank board' position through veDOLO, sharing real income in both bull and bear markets. The total borrowing amount of 130M dollars has proven that this path is feasible. If 2025 is indeed the year of institutional explosion in DeFi, then #Dolomite is very likely to be the first 'firebrick' to benefit from this wave of dividends.