Dolomite Launches Pre-Deposit Campaign for Berachain's Innovative Blockchain
Dolomite and Berachain Partnership
Dolomite, a leading decentralized money market protocol, has announced a pre-deposit campaign for Berachain, an emerging layer-1 blockchain. Berachain utilizes an innovative Proof of Liquidity (PoL) consensus mechanism, which has already attracted over $2 billion in liquidity. The campaign allows users to commit assets to Dolomite ahead of Berachain's official launch, with opportunities to earn significant rewards.
Key Features of the Campaign
- Flexible Commitment: Users can freely commit and uncommit assets until Berachain's mainnet goes live. Once launched, committed assets will be locked for a predetermined period, with lock-up periods offering additional incentives.
- Reward Structure: Participants will receive veDOLO and BERA tokens as rewards. A total of 30 million veDOLO tokens will be distributed, with reward weights varying by asset type. Berachain has allocated over 1% of its BERA token supply for this initiative.
- Liquidity Mining: Shortly after the TGE (Token Generation Event), Dolomite will introduce a liquidity mining program, enabling users to earn oDOLO tokens in addition to veDOLO, BERA, and interest.
Eligible Assets and Lock-Up Periods
- Lendable Assets: Assets like HONEY, USDC, NECT, ETH, and WBTC can be lent and will be locked for 90 days, receiving the majority of rewards due to their role in supporting the protocol's lending and borrowing ecosystem.
- Non-Lendable Assets: Assets such as uniBTC and beraETH are locked for 30 days and receive a smaller share of rewards.
Dolomite's Robust Lending Technology
Dolomite's platform offers advanced features, including the ability to borrow against assets staked in PoL, repay debts using collateral, and loop borrowing processes in a single click. Additionally, Dolomite will support borrowing against $BGT, Berachain's soulbound and non-transferable governance token. This positions Dolomite as a critical solution for unlocking the utility of $BGT, which is not supported as collateral by other lending protocols due to its non-transferable nature.
Strategic Alignment and Benefits
The partnership between Dolomite and Berachain aligns with Dolomite's mission to create a secure, efficient, and user-focused DeFi ecosystem. With over $800 million in trade volume processed and $115 million in TVL, Dolomite has established itself as a reliable and innovative platform. By combining Dolomite's lending technology with Berachain's dynamic ecosystem, this campaign offers participants tools to maximize capital efficiency while supporting a protocol poised to become a central hub for liquidity and innovation.
Conclusion
The pre-deposit campaign represents a strategic move to synergize Dolomite's advanced DeFi capabilities with Berachain's cutting-edge PoL mechanism. Participants gain early access to Berachain's ecosystem, maximizing capital efficiency while supporting a protocol that is reshaping decentralized lending.
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