Dolomite, a decentralized money market protocol, is set to launch its Token Generation Event (TGE) with the debut of its token, $DOLO. The $DOLO token will be listed on major centralized exchanges at 9:00 AM EST, including Bybit, Binance Alpha, Bitget, KuCoin, and Kraken, as well as decentralized exchanges Kodiak and Uniswap.
Dolomite allows users to unlock dormant capital through smarter borrowing and lending, also enabling efficient asset deployment through numerous integrations across the DeFi ecosystem. The protocol’s advanced architecture supports separate borrow positions from a single wallet, each with a distinct risk profile. This unique design allows for a broad range of yield-bearing assets to be used as collateral, helping users earn rewards while borrowing against these assets.
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Dolomite’s TGE follows the successful execution of its airdrop and its ascension to become the leading money market on Berachain. Dolomite also ranks as the 10th largest money market in DeFi, also reaching the 7th highest rank for fees earned.
Following Dolomite’s airdrop, which allocated 20% of the total DOLO supply to reward Dolomite users and Minerals Program participants, recipients will now have six months to claim their tokens. Half the tokens will become available as liquid DOLO and the remaining half issued as veDOLO, a locked version of the token with governance and protocol benefits.
Dolomite’s position in the DeFi ecosystem has grown as it proves itself to be a secure, efficient, and innovative financial tool. The protocol has processed over $928 million in trading volume and offers unique lending solutions that can enable over 1,000 assets to be used as collateral, supporting advanced borrowing strategies.
“We’re excited to launch our token as we enter the next phase of Dolomite’s growth,” said Adam Knuckey, Co-founder and COO of Dolomite. “With our expansion on Berachain and growing adoption across DeFi, this TGE is just the beginning of a broader vision to expand secure and accessible decentralized lending and capital efficiency.”
Following the TGE, Dolomite will continue to roll out new features, deepen liquidity incentives, and enhance integration across the DeFi ecosystem to drive long-term sustainability and user adoption. One new feature is Smart Debt, enabling traders to utilize the debt or collateral of users who opt-in to the functionality. Users supplying USDT, for example, may have it swapped to USDC, allowing their collateral to act as a liquidity pool for stablecoin traders. Similarly, traders can take on debt for the asset they want while repaying debt with the asset they hold, creating a more dynamic and efficient trading environment.
About Dolomite
Dolomite allows users to unlock dormant capital by smarter borrowing and lending. It enables smarter asset deployment through powerful integrations across the DeFi ecosystem. Dolomite’s advanced architecture supports separate borrow positions from a single wallet, each with a distinct risk profile. Its unique design allows for a broad range of yield-bearing assets to be used as collateral, helping users earn rewards while borrowing against these assets.
Over time, Dolomite aims to become a hub for DeFi activity to allow other protocols, yield aggregators, DAOs, market makers, hedge funds, and others to manage their portfolios and run on-chain strategies.
Contact
Co-founder and COO
Adam Knuckey
contact@dolomite.io
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