Dolomite (DOLO): New Standard for Capital Efficient DeFi

@Dolomite_io ($DOLO ) is the next-generation DeFi protocol integrating a decentralized exchange with the money market, providing users the ability to participate in over-collateralized loans, margin trading, spot trading, ... The unique virtual liquidity system allows for efficient capital utilization, helping users maximize the utility of their assets by earning profits from lending while participating in trading activities. Who created Dolomite (DOLO)? #Dolomite was developed by Leavitt Innovations, with key figures including co-founders Corey Caplan and Adam Knuckey. The team began researching decentralized trading technology in early 2018, initially based on the Loopring protocol. After accumulating experience and understanding the needs of the DeFi space, they launched the new version of Dolomite in October 2022, designed to support a variety of assets and complex DeFi tools. Which VCs support Dolomite (DOLO)? Dolomite received investment from Draper Goren Holm, NGC Ventures, Coinbase Ventures, WWVentures, 6th Man Ventures, RR2 Capital, Token Metrics Ventures, Orchard Street Capital, and Guanxi DAO. Angel investors such as Matthew Finestone, Kyle Rojas, and David Bleznak also contributed. How does Dolomite (DOLO) work?

1. Lending protocol and integrated DEX Dolomite stands out by combining the functions of a DEX and a lending platform. Users can engage in spot trading, margin trading, and over-collateralized lending, all within a single interface. This integration allows for seamless transitions between trading and lending activities, enhancing the user experience and capital efficiency.
2. Wide token support One of the standout features of Dolomite is its ability to support multiple tokens. The platform can list thousands of assets, including non-standard tokens such as staked LP tokens and yield-generating assets. This broad level of support provides users with a variety of options to manage their portfolios and implement strategies.
3. Capital efficiency through virtual liquidity Dolomite introduces a virtual liquidity system that allows users to maximize the utility of their assets. For example, deposited assets can simultaneously earn lending profits and participate in trading activities. This dual function ensures that profits are optimized across multiple dimensions.
4. Modular architecture The architecture of the platform consists of two main layers: an immutable core layer and a modular changeable layer. This design provides adaptability, allowing Dolomite to integrate new features and respond to the evolving DeFi trends without compromising its fundamental stability.
5. Tokenomics: DOLO, veDOLO and oDOLO The ecosystem of Dolomite revolves around three main tokens: DOLO, veDOLO, and oDOLO. ● DOLO: A standard ERC-20 token that serves as the native currency in the Dolomite ecosystem. ● veDOLO: a vote-escrowed token (vote-escrowed token) grants its holders management rights and a portion of the protocol fees. Implemented as an NFT, the veDOLO token is transferable and can be merged or split, providing flexibility for users. ● oDOLO: Designed to reward liquidity providers, the oDOLO token can be paired with DOLO to purchase veDOLO at a discount. This mechanism encourages long-term participation and supports liquidity due to the protocol's ownership. This system of three tokens promotes a self-sustaining cycle, adjusts incentives for stakeholders, and drives the development of the platform.
6. Integration with the Berachain ecosystem Dolomite has strategically positioned itself within the Berachain ecosystem, leveraging the Proof-of-Liquidity (PoL) model. This integration allows users to utilize their assets more efficiently, such as borrowing against governance tokens without needing to sell them. The presence of Dolomite enhances liquidity and user retention capabilities of Berachain, reinforcing its role as a core financial platform within the network.