DeFi Lending Platform Dolomite, Ranking as the World's 10th Largest, Kicks Off 200 Million Token Distribution During Token Generation Event
Unleash the Power of Dolomite's Airdrop Frenzy
Road Town, British Virgin Islands, April 24th, 2025, Y'all Better Listen Up!
Gear up! Dolomite is ready to rock your world with an airdrop event that'll have you shouting "Yeehaw!" The DOLO token is about to drop like a bombshell, and it's all thanks to the platform's successful Token Generation Event (TGE).
A Step Forward for Dolomite
Let's get this party started! Dolomite, a frickin' beast of a DeFi platform, has amassed over $800 million TVL since its inception. And now, to celebrate and reward its users, it's dishing out a whopping 20% of the DOLO token supply. But remember, this airdrop's gonna be like the Wild West, so strap in tight and hold on to your hats!
Prizes for the Bravest of the Brave
This airdrop is more than just some fly-by-night giveaway. Oh no, it's a gold rush for those who've been busting their butts on the freakin' Dolomite platform. Users who've been borrowing or supplying assets will see their wallets swell with the fruits of their labor. You'll get your DOLO allocation based on both the duration of your usage and the total value of liquidity you've provided or borrowed.
Splitting the Spoils
The 20% allocation ain't just divided evenly across the board. Heck no! Here's the breakdown:
- 9% for Active Users: You know who you are—the folks who've been riding the Dolomite wave since day one.
- 1% for Community Contributors: Security researchers, integrators, and other behind-the-scenes heroes will also be rewarded for their contributions.
- 10% for Holders of Dolomite Minerals as Call Options: Early adopters who have their hands on minerals will enjoy the opportunity to buy DOLO at a fixed price for up to six months post-TGE.
Perks for the Playstation
If you're a high-roller in the Dolomite XP Program, you're in for even more treats. You'll receive an amplified airdrop based on your level, ensuring that the most active community members get the most loot.
The Triple Threat of Tokens
Dolomite's token ecosystem boasts three interconnected assets designed to work together like cogs in a magnificent machine:
- DOLO: The native token, it's the lifeblood of the ecosystem, providing deep liquidity and seamless transferability.
- oDOLO: Earned by providing assets to the platform, this baby can be paired with DOLO in a one-week process, unlocking the ability to purchase veDOLO at a lower cost.
- veDOLO: A governance token that gives its holders voting rights. With DAO approval, it could also potentially offer revenue sharing through the collection of protocol fees.
A Platform Born to Innovate
Dolomite has been making waves in the DeFi world by offering more support for different assets than competing lending protocols. Thanks to features like the 'Zap' meta aggregator and Dynamic Collateral, it's snatching the crown for innovation in DeFi lending.
A Berachain Connection
Expanding to Berachain is all about capitalizing on the new chain's innovative Proof of Liquidity system. The integration with Berachain's infrastructure allows users to borrow against their PoL assets and leverage their exposure, all while maintaining asset functionality.
About Dolomite
Dolomite is more than just a decentralized finance money market. It's a giant! Already the fifth-largest project on Arbitrum and the eighth-largest DeFi lending platform globally, it's backed by heavy hitters like Coinbase Ventures and Draper Goren Holm.
If you want to learn more about this DeFi titan, hit up Jamie Kingsley at j.kingsley@theprgenius.com.
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- The forthcoming Dolomite airdrop, a result of its successful TGE, is poised to create a frenzy, generating excitement among its users.
- As a testament to its success, Dolomite has achieved a TVL of over $800 million since its inception, positioning itself as a significant player in the DeFi landscape.
- To celebrate and reward its users, Dolomite is distributing a substantial 20% of the DOLO token supply through this airdrop event.
- The airdrop distribution will be structured, with 9% allocated to 'Active Users', 1% for 'Community Contributors', and 10% for 'Holders of Dolomite Minerals as Call Options'.
- High-rollers in Dolomite's XP Program will receive an enhanced airdrop allocation based on their level, recognized as the most active community members.
- The Dolomite token ecosystem consists of three interconnected tokens: DOLO, oDOLO, and veDOLO, designed to function cohesively, driving deep liquidity and seamless transferability.
- Dolomite's expansion to Berachain is strategically aimed at capitalizing on the innovative Proof of Liquidity system, enhancing user experience by allowing the borrowing against PoL assets and leveraging exposure while maintaining asset functionality.
