World’s 10th Largest DeFi Lending App Dolomite Launches 200M Token Airdrop During TGE
Road Town, British Virgin Islands, April 24th, 2025, Chainwire
Dolomite is pleased to announce the launch of a token airdrop on Berachain following its TGE. The app’s token, DOLO, will be given out to users based on usage. A total of 20% of the token’s supply will be airdropped to supporters during the event, which will officially start on April 24th.
Substantial Reward Opportunities for Active Users
The airdrop marks a significant milestone for Dolomite, which has reached a TVL of over $800 million since its inception. Users who have borrowed or supplied assets on the platform will receive their allocation based on both the duration of usage and the total value of liquidity provided or borrowed.
The 20% allocation is divided into three categories: 9% for active users of the Dolomite platform, 1% for community contributors such as security researchers and integrators, and 10% for holders of Dolomite Minerals as call options, offering these early supporters the opportunity to purchase DOLO at a set rate for up to 6 months after TGE. Participants in the Dolomite XP Program receive an amplified airdrop based on their level, with Dolomite aiming to put tokens into the hands of the most active community members.
Innovative Three-Token Ecosystem
Dolomite’s token ecosystem introduces three interconnected assets designed to create a self-reinforcing system:
DOLO serves as the native token, providing deep liquidity and seamless transferability across the ecosystem. The token is designed for cross-chain utility through Chainlink’s CCIP, allowing it to be securely locked and minted across supported networks.
oDOLO functions as a liquidity incentive token earned by providing assets to the platform. This token can be paired with DOLO in a one-week process, unlocking the ability to purchase veDOLO at a discount.
veDOLO is the token that enables governance voting. With DAO approval, holders could also potentially participate in revenue sharing by receiving a portion of protocol fees generated from borrowing interest, trading fees, and other platform activities.
A Platform Built for Innovation
Dolomite has distinguished itself in the crowded DeFi landscape through its innovative architecture, supporting a wider range of assets than competing lending protocols. The platform’s ability to scale up to 1,000 assets and features like the ‘Zap’ meta aggregator and Dynamic Collateral position it at the forefront of DeFi lending innovation.
The platform’s modular design creates opportunities for integrations with complex assets and other protocols, enabling users to potentially maximize their returns across the DeFi ecosystem. This same architecture allows for seamless integration with Berachain’s Proof of Liquidity system, creating unique opportunities for users to leverage their assets.
Expanding to Berachain
Dolomite’s expansion to Berachain represents a strategic move to capitalize on the new chain’s innovative Proof of Liquidity system. The platform’s unique design integrates with Berachain’s infrastructure, allowing users to borrow against their PoL assets and leverage their exposure while retaining asset functionality.
About Dolomite
Dolomite is a leading decentralized finance money market that has accumulated over $800m in TVL. Currently the fifth-largest project on Arbitrum and the eighth-largest DeFi lending platform globally, Dolomite is backed by Coinbase Ventures, Draper Goren Holm, and NGC Ventures.
The platform stands out for its support of a wide range of assets, innovative features like Dynamic Collateral and isolated borrow positions, and seamless integrations with leading protocols in the DeFi ecosystem.