Dolomite

• Dolomite combines a decentralised exchange with a money market, so collateral can be lent, borrowed against and traded within one system.

• It supports a very wide range of collateral assets including yield-bearing tokens that retain their yield while posted.

• DOLO is the governance and utility token.

• Total supply is 1 billion DOLO, of which 20% was airdropped at the April 2025 launch, with the remainder allocated to the team, investors, liquidity incentives and the ecosystem under multi-year vesting.

• Locked for governance and revenue share.

Pros:

• Collateral keeps earning its native yield while being borrowed against, which most lending protocols do not permit.

• Supports hundreds of assets rather than a curated shortlist.

• Margin and spot trading integrated with lending in one account.

Cons:

• Broad collateral support means the weakest listed asset defines the tail risk.

• Complexity across lending, trading and margin widens the contract surface.

• Smaller than the leading lending protocols.

• Exposure to a capital-efficient lending and trading system.

• Yield-retaining collateral is a genuine advantage for holders of staked assets.

• Weigh the risk that broad asset listing introduces.

• Collateral that continues earning its underlying yield while simultaneously backing a loan, so posting it costs nothing in foregone return.

• Posting a yield-bearing asset as collateral usually means giving up the yield.

• Preserving it removes the cost of borrowing against productive assets.

• Founded by Corey Caplan and Adam Knuckey.

• Operating since 2019, originally on Ethereum and later on Arbitrum and Berachain.

• No public ICO. Distributed through airdrop and ecosystem allocations in 2025.

• Broad collateral listing concentrates tail risk in the weakest asset.

• Complexity across multiple financial primitives.

• Oracle dependency across many assets.

• Competition from larger lending protocols.