Dolomite, a decentralized finance (DeFi) lending and borrowing protocol, is launching its token era occasion (TGE), as per the reviews shared with Finbold on Thursday, April 24.
DOLO, the platform’s native token, will likely be out there 9:00 AM EST on main centralized exchanges (CEX), together with Bybit, Binance Alpha, Bitget, KuCoin, and Kraken, in addition to on decentralized exchanges (DEX) like Kodiak and Uniswap.
DOLO airdrop
A profitable airdrop has already distributed 20% of the entire DOLO provide to Dolomite customers and Minerals Program members.
The distributed provide is cut up 50:50 between liquid DOLO and a locked, governance-enabled model referred to as veDOLO.
Eligible recipients can declare their tokens inside six months.
Extra environment friendly lending and borrowing
With its versatile structure, Dolomite allows extra environment friendly borrowing, lending, and asset deployment.
Additional, it permits customers to handle a number of borrowing positions inside a single pockets, every positioned being customizable and secured by yield-generating collateral.
As such, the mannequin ensures better liquidity and lets customers borrow whereas nonetheless incomes on their holdings.
Elevated DeFi effectivity
Dolomite occupies the main place on Berachain and ranks because the Tenth-largest cash market protocol within the broader ecosystem, even reaching seventh place by way of complete charges generated.
To date, the protocol has processed greater than $928 million in buying and selling quantity and boasts collateralization for over 1,000 digital property.
Wanting forward, Dolomite plans to roll out quite a few new options to reinforce performance and consumer expertise.
A notable upcoming characteristic is the so-called “Good Debt,” a system that lets customers leverage the debt or collateral of customers who opt-in to the performance.
For instance, customers supplying Tether (USDT) might have it swapped for USD Coin (USDC), which might permit their funds to assist lively buying and selling pairs.
Equally, merchants can tackle debt in a single asset whereas repaying in one other to enhance capital utilization.
