British Virgin Islands, January 21, 2025, PK Press Club
Dolomite, a decentralized money market protocol, announced the upcoming launch of its pre-deposit campaign for Berachain, an emerging layer 1 blockchain featuring an innovative Proof of Liquidity (PoL) consensus mechanism that has already accumulated approximately $2 billion in liquidity. This campaign allows users to stake assets in Dolomite before the official launch of Berachain via Royco, the marketplace for all on-chain action, and earn future rewards.
Through the campaign, participants can freely pledge and disengage assets until the Berachain mainnet goes live. Once Berachain launches, committed assets will be locked on Dolomite for a predetermined period, with the lock-up period providing additional incentives. In addition to a base yield for providing loanable assets such as HONEY, USDC, ETH and , users will receive veDOLO and BERA as additional rewards for locking up. 30 million veDOLO tokens will be distributed, with reward weights varying by asset type. Berachain has committed to devoting more than 1% of BERA’s supply to the Royco deposits. Shortly after the TGE, Dolomite will launch its liquidity mining program, allowing those who provide eligible 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, repay debts using collateral, and complete borrowing processes with just one click. Additionally, Dolomite will support borrowing against $BGT, Berachain’s non-transferable, soul-bound governance token. Since $BGT is not supported as collateral by other lending protocols on Berachain due to its non-transferable nature, Dolomite provides an essential solution to unlock the utility of $BGT. Combined with the Berachain ecosystem, the Royco campaign positions Dolomite to become a liquidity hub on the Berachain blockchain.
Both loanable and non-loanable assets are eligible for the Royco campaign. Loanable assets including HONEY, USDC, NECT, ETH, and WBTC will be locked for 90 days and receive the majority of rewards due to their support of the protocol’s lending and borrowing ecosystem. Non-loanable assets, such as uniBTC and beraETH, are locked for 30 days and receive a smaller share of rewards.
Dolomite’s deployment on Berachain aligns with its continued mission to create a secure, efficient, and user-focused decentralized financial ecosystem. With over two years of secure operations, $800 million in trade volume processed, 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 for 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 position themselves at the forefront of Berachain and can maximize their capital efficiency through Dolomite, retaining all the functionality of DeFi assets and supporting a protocol that reshapes the decentralized lending landscape.”
About Dolomite
Dolomite allows users to unlock dormant capital through smarter borrowing and lending. It enables smarter asset deployment through powerful integrations across the entire DeFi ecosystem. Dolomite’s advanced architecture supports distinct borrowing positions from a single portfolio, each with a distinct risk profile. Its unique design allows a wide range of yield-generating 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 enable other protocols, yield aggregators, DAOs, market makers, hedge funds and others to manage their portfolios and execute strategies in chain.
About Berachain
Berachain is a Layer 1 (L1) blockchain identical to EVM that uses the new 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 contributing liquidity or performing incentivized actions, thereby turning on-chain inflation into fuel for its applications and their users. This model aligns incentives with users who support the network over the long term, creating a sustainable ecosystem where the network’s growth and liquidity are mutually reinforcing while increasing its security. What started as an NFT project in 2021 has evolved into a full-fledged blockchain ecosystem backed by a core army of left and right benders.
ContactCo-founder and COOAdam Knuckey[email protected]
