The role of $DOLO in the ecosystem @Dolomite
1. Trading (Trading Utility)
$DOLO is not just a regular token but also the central medium for trading on the Dolomite platform. Users can use it to pay transaction fees, reduce swap costs, or receive discounts when executing margin trading and lending orders. The integration of $DOLO into products helps increase liquidity, creating an incentive for users to hold and use it long-term. At the same time, it acts as 'fuel' to smoothly operate the entire DeFi trading ecosystem of Dolomite.
2. Governance (Governance Token)
One of the strengths of Dolomite is its decentralization, and it is a tool to realize that. Token holders participate in the governance process of the ecosystem, including:
Propose and vote on important changes (fee policies, lending/borrowing mechanisms, integration of new products).
Strategic direction for the long-term development of the project.Increase transparency and democratization, as all decisions are made by community consensus.
This ensures that Dolomite is not controlled by a central party but truly belongs to the community of users.
3. Liquidity Provision (Liquidity Incentives)
For the DeFi ecosystem to develop sustainably, liquidity is a key factor. The role encourages users to participate in providing liquidity to trading and lending pools. Liquidity providers (LPs) will receive rewards in $DOLO, along with transaction fees generated from activities in the pool. This not only promotes abundant liquidity but also helps maintain platform stability and meet user demands at all scales.
👉 In summary, of Dolomite: both a trading tool, a governance token, and a reward to encourage liquidity. This versatility gives Dolomite the strength to become an optimal hub for DeFi capital and profits.
