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 modern 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 means of Royco, the marketplace for any onchain motion, and earn future rewards.

By the marketing campaign, contributors can freely commit and uncommit belongings till the Berachain mainnet goes stay. As soon as the launch of Berachain happens, dedicated belongings shall be locked on Dolomite for a predetermined interval, with the lock up interval bringing added incentives. On prime of a base lending yield for offering lendable belongings akin to HONEY, USDC, ETH, and WBTC, customers will obtain veDOLO and BERA as further rewards for his or her lockup. 30 million veDOLO tokens shall 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 expertise 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 help 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 because of its non-transferable nature, Dolomite supplies a vital answer for unlocking the utility of $BGT. Mixed with Berachain’s ecosystem, the Royco marketing campaign positions Dolomite to turn into 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, shall be locked for 90 days and obtain a majority of rewards because of their help for the protocol’s lending and borrowing ecosystem. Non-lendable belongings, akin 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 modern platform. By combining Dolomite’s strong lending expertise with Berachain’s dynamic ecosystem, this marketing campaign supplies contributors with instruments to maximise capital effectivity and help 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. “Contributors place themselves on the forefront of Berachain, and might maximize their capital effectivity by means of Dolomite, retaining full DeFi asset performance, and help 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 means of highly effective integrations throughout the DeFi ecosystem. Dolomite’s superior structure helps separate borrow positions from a single pockets, every with a definite danger 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 into 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.

Web site | X | Telegram | Discord

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 gas the applying layer. PoL permits customers to earn straight from the community for contributing liquidity or performing incentivized actions—remodeling the chain’s inflation into gas for its purposes and their customers. This mannequin aligns incentives with customers who help the community over the long run, making a sustainable ecosystem the place the community’s progress and liquidity reinforce one another whereas growing its safety. What began as an NFT venture 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