Dolomite.io is a decentralized exchange and lending platform that supports over 1,000 unique crypto assets, allowing users to lend, borrow, and earn while retaining their DeFi-native rights. It addresses the limitations of traditional DeFi protocols by enabling margin trading across a wide range of assets and providing low-cost transactions on optimized networks.
Funding
$900K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional decentralized finance (DeFi) protocols often limit users to trading only a small selection of crypto assets, primarily ETH and WBTC against stablecoins. This restricts the ability to leverage a wider range of DeFi assets and capture diverse market opportunities. Furthermore, many platforms require users to forfeit DeFi-native rights when lending assets.
Solution
Dolomite is a decentralized exchange (DEX) and money market protocol that supports margin trading, lending, and borrowing across over 1,000 unique crypto assets. The platform enables users to lend, borrow, and earn yield on a comprehensive range of DeFi assets while retaining DeFi-native rights such as governance participation and staking rewards. Dolomite operates on multiple Layer-2 networks, including Arbitrum, Mantle, Polygon zkEVM, and X Layer, to provide low-cost, efficient transactions. Its architecture allows users to open multiple borrow positions from a single wallet, each collateralized by a diverse portfolio of assets, with isolated positions to mitigate liquidation risks.
Target Audience
Dolomite targets DeFi traders, liquidity providers, and developers seeking a comprehensive platform for margin trading, lending, and borrowing with a wide range of supported assets and efficient, low-cost transactions.
Features
- Support for margin trading of over 1,000 unique crypto assets against stablecoins or other DeFi assets
- Virtual liquidity model enabling users to retain DeFi-native rights when lending assets
- Cross-chain capabilities via Chainlink CCIP for seamless asset transfers
- Isolated borrow positions, each collateralized by up to 30+ different assets, enhancing security
- Compatibility with multiple Layer-2 networks (Arbitrum, Mantle, Polygon zkEVM, X Layer) for low-cost transactions
- TypeScript SDK and React components for streamlined integration with other DeFi projects
- Audited smart contracts with 100% line, statement, and branch test coverage
- Strategies Hub simplifying access to advanced DeFi yield opportunities