British Virgin Islands, January 21, 2025, PakGazette
Dolomite, a decentralized money market protocol, announced the upcoming launch of its pre-deposit campaign for Berachain, an emerging layer 1 blockchain with an innovative Proof of Liquidity (PoL) consensus mechanism that has already accumulated around $2 thousand million in liquidity. This campaign allows users to pledge assets to Dolomite ahead of the official launch of Berachain through Royco, the marketplace for any on-chain stock, and earn future rewards.
Through the campaign, participants can freely pledge and cancel assets until the Berachain mainnet goes live. Once Berachain launches, pledged assets will be locked in Dolomite for a predetermined period, with the lock period bringing additional incentives. In addition to a base loan yield for providing loanable assets such as HONEY, USDC, ETH, and , users will receive veDOLO and BERA as additional rewards for their lock. 30 million veDOLO tokens will be distributed, and reward weights will vary depending on the asset type. Berachain has committed to dedicating more than 1% of BERA’s supply to Royco deposits. Shortly after the TGE, Dolomite will launch its liquidity mining program, allowing those who provide qualifying assets to earn oDOLO in addition to veDOLO, BERA and interest.
Dolomite’s robust lending technology allows users to unlock new efficiencies. Notably, the platform allows users to borrow against assets staked in PoL, pay debts using collateral, and perform loop borrowing processes with a single click. Additionally, Dolomite will back loans against $BGT, Berachain’s soul-linked, non-transferable governance token. As $BGT is not backed by other lending protocols on Berachain as collateral due to its non-transferable nature, Dolomite provides a critical solution to unlocking the utility of $BGT. Combined with the Berachain ecosystem, Royco’s campaign positions Dolomite to become a liquidity hub on the Berachain blockchain.
Both loanable and non-loanable assets are eligible for Royco’s campaign. Lendable assets including HONEY, USDC, NECT, ETH, and WBTC will be locked for 90 days and will receive the most rewards due to their support of the protocol’s lending and borrowing ecosystem. Non-lending assets, such as uniBTC and beraETH, are locked for 30 days and receive a smaller proportion of the rewards.
Dolomite’s implementation on Berachain aligns with its ongoing mission to create a secure, efficient, and user-centric decentralized financial ecosystem. With over two years of secure operations, $800 million in processed trade volume, and over $115 million in TVL, Dolomite has established itself as a reliable and innovative platform. By combining Dolomite’s robust lending technology with Berachain’s dynamic ecosystem, this campaign provides participants with tools to maximize capital efficiency and support a protocol as it becomes a central hub of liquidity and innovation.
“We are bringing together Dolomite’s advanced DeFi capabilities and Berachain’s cutting-edge PoL mechanism, creating synergy within the DeFi ecosystem,” said Corey Caplan, co-founder of Dolomite. “Participants are positioned at the forefront of Berachain and can maximize the efficiency of their capital through Dolomite, retaining full functionality of DeFi assets and supporting a protocol that is reshaping the decentralized lending landscape.”
About Dolomite
Dolomite allows users to unlock idle capital through smarter borrowing and borrowing. Enables smarter asset deployment through powerful integrations across the DeFi ecosystem. Dolomite’s advanced architecture supports separate lending positions from a single wallet, each with a distinct risk profile. Its unique design allows a wide range of profitable assets to be used as collateral, helping users earn rewards while borrowing against these assets.
Over time, Dolomite aims to become a hub of DeFi activity to allow other protocols, yield aggregators, DAOs, market makers, hedge funds and others to manage their portfolios and execute on-chain strategies.
About Berachain
Berachain is a Layer 1 (L1) blockchain identical to EVM that uses the novel Proof of Liquidity (PoL) consensus mechanism to secure the network and power the application layer. PoL allows users to earn directly from the network by providing liquidity or performing incentivized actions, transforming chain inflation into fuel for their applications and users. This model aligns incentives with users that support the network over the long term, creating a sustainable ecosystem where network growth and liquidity reinforce each other while increasing its security. What started as an NFT project in 2021 has grown into an entire blockchain ecosystem backed by a grassroots army of curvers left and right.
ContactCo-founder and COOAdam Knuckey[email protected]
