Dolomite to Launch Royco Pre-Deposit Marketing campaign on Berachain

British Virgin, Islands, January twenty first, 2025, Chainwire

Dolomite, a decentralized cash market protocol, introduced the upcoming launch of its pre-deposit marketing campaign for Berachain, an rising layer-1 blockchain with an revolutionary Proof of Liquidity (PoL) consensus mechanism that has already accrued round $2B in liquidity. This marketing campaign permits customers to commit belongings to Dolomite forward of Berachain’s official launch by Royco, the marketplace for any onchain motion, and earn future rewards.

Via the marketing campaign, contributors can freely commit and uncommit belongings till the Berachain mainnet goes reside. As soon as the launch of Berachain happens, dedicated belongings can be locked on Dolomite for a predetermined interval, with the lock up interval bringing added incentives. On high of a base lending yield for offering lendable belongings equivalent to HONEY, USDC, ETH, and , customers will obtain veDOLO and BERA as further rewards for his or her lockup. 30 million veDOLO tokens can be distributed, with reward weights various by asset sort. Berachain has dedicated 1%+ of the provision of BERA to be devoted to Royco deposits. Shortly after the TGE, Dolomite will launch its liquidity mining program, permitting these supplying qualifying belongings to earn oDOLO along with the veDOLO, BERA, and curiosity.

Dolomite’s strong lending know-how empowers customers to unlock new efficiencies. Notably, the platform permits customers to borrow towards belongings staked in PoL, repay money owed utilizing collateral, and loop borrowing processes in a single click on. Moreover, Dolomite will assist borrowing towards $BGT, Berachain’s soulbound and non-transferable governance token. As $BGT just isn’t supported as collateral by different lending protocols on Berachain as a consequence of its non-transferable nature, Dolomite offers a vital resolution for unlocking the utility of $BGT. Mixed with Berachain’s ecosystem, the Royco marketing campaign positions Dolomite to turn out to be a hub for liquidity on the Berachain blockchain.

Lendable and non-lendable belongings are each eligible for the Royco marketing campaign. Lendable belongings, together with HONEY, USDC, NECT, ETH, and WBTC, can be locked for 90 days and obtain a majority of rewards as a consequence of their assist for the protocol’s lending and borrowing ecosystem. Non-lendable belongings, equivalent to uniBTC and beraETH, are locked for 30 days and obtain a smaller share of rewards.

Dolomite’s deployment on Berachain aligns with its ongoing mission to create a safe, environment friendly, and user-focused decentralized finance ecosystem. With over two years of safe operations, $800 million in commerce quantity processed, and over $115 million in TVL, Dolomite has established itself as a dependable and revolutionary platform. By combining Dolomite’s strong lending know-how with Berachain’s dynamic ecosystem, this marketing campaign offers contributors with instruments to maximise capital effectivity and assist a protocol because it turns into a central hub for liquidity and innovation.

“We’re bringing Dolomite’s superior DeFi capabilities and Berachain’s cutting-edge PoL mechanism collectively, creating synergy throughout the DeFi ecosystem,” stated Corey Caplan, co-founder of Dolomite. “Individuals place themselves on the forefront of Berachain, and might maximize their capital effectivity by Dolomite, retaining full DeFi asset performance, and assist a protocol that’s reshaping the panorama of decentralized lending.”

About Dolomite

Dolomite permits customers to unlock dormant capital by smarter borrowing and lending. It permits smarter asset deployment by highly effective integrations throughout the DeFi ecosystem. Dolomite’s superior structure helps separate borrow positions from a single pockets, every with a definite threat profile. Its distinctive design permits for a broad vary of yield-bearing belongings for use as collateral, serving to customers earn rewards whereas borrowing towards these belongings.

Over time, Dolomite goals to turn out to be a hub for DeFi exercise to permit different protocols, yield aggregators, DAOs, market makers, hedge funds, and others to handle their portfolios and run on-chain methods.

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About Berachain

Berachain is an EVM-identical Layer 1 (L1) blockchain that makes use of the novel Proof of Liquidity (PoL) consensus mechanism to safe the community and gasoline the applying layer. PoL permits customers to earn immediately from the community for contributing liquidity or performing incentivized actions—remodeling the chain’s inflation into gasoline for its purposes and their customers. This mannequin aligns incentives with customers who assist the community over the long run, making a sustainable ecosystem the place the community’s progress and liquidity reinforce one another whereas rising its safety. What began as an NFT challenge in 2021 has developed right into a full-fledged blockchain ecosystem backed by a grassroots military of left and proper curvers.

ContactCo-founder and COOAdam Knuckeycontact@dolomite.io

This text was initially revealed on Chainwire