Bear Chain Lending Protocol Dolomite No. 24 TGE, currently confirmed exchanges include Binance Alpha for CEX, and Kodiak for DEX.
Dolomite is the main lending protocol of Bear Chain, with a TVL only behind Infrared and Kodiak, ranking third.
The total supply of the token $DOLO is 1 billion, with an airdrop accounting for 20%! Approximately 40.5% of $DOLO tokens will enter circulation during TGE (including locked veDOLO).
Some background information on Dolomite
★ The founder Corey is a technical advisor for the Trump family project WLFi, with 10 years of experience in cryptocurrency, and the team is experienced.
★ The protocol has operated for several years without a token, supported by stable business income, with TVL once exceeding 1 billion USD.
★ According to DefiLlama data, Dolomite ranked 7th in fee income among lending protocols in the past 7 days.
Innovations of Dolomite
Dolomite adopts a modular design, and in addition to having a mature lending business sector, it includes more innovative designs such as:
◆ Dynamic Collateral: Users retain their DeFi native functionalities (such as staking, participating in governance, etc.) while collateralizing assets for borrowing.
◆ Support for a wide range of assets, far exceeding other protocols.
◆ Strategies Hub: Helps users easily access advanced yield strategies, enabling deployment through preset positions and simple operations, greatly simplifying the DeFi experience.
◆ Zap Function: Simplifies user experience through batch operations.
◆ Automatic E-mode: By optimizing risk parameters, E-Mode allows users to borrow more funds against collateral without increasing liquidation risk.
◆ Berachain's unique PoL integration helps users earn more native yields.
Dolomite adopts a three-token model to construct a self-circulating economy.
1⃣ $DOLO: $DOLO plays a fundamental role in the Dolomite ecosystem, supporting liquidity, transferability, lending functions, and providing a platform for new users to enter the Dolomite ecosystem.
2⃣ $veDOLO: Obtain $veDOLO by staking $DOLO, gaining governance influence and rewards.
$veDOLO has a lock-up period and can be unlocked early by paying an exit fee.
3⃣ $oDOLO: $oDOLO is distributed weekly and must be paired with $DOLO at a 1:1 ratio to be exchanged for discounted veDOLO.
$oDOLO creates buy and lending pressure for DOLO, supporting POL.
