Dolomite - A next-gen Money Market on Arbitrum

Dolomite – A next-gen Money Market on Arbitrum

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Corey Caplan and Adam Knuckey are the co-founders of Dolomite, a next-generation money market and margin trading protocol built on Arbitrum. 

 

Why you should listen

The decision to build Dolomite on Arbitrum was driven by the need for faster transactions and lower gas fees compared to Ethereum mainnet. Dolomite aims to provide a better decentralized exchange experience by addressing the limitations of existing decentralized exchanges.

Adam Knuckey explains that the goal of building Dolomite was to enable lending platforms for modern DeFi, incorporating features like voting, staking, vesting, and rewards. They aim to create a platform that offers decentralized exchange capabilities and maximizes yield earning potential through efficient asset utilization. Corey Caplan further discusses how Dolomite’s infrastructure can solve liquidity crunch scenarios and retain control over assets during stressful situations. He highlights the ability to earn swap fees and lending yield simultaneously as a key advantage. The team tracks metrics like TVL and borrow activity while focusing on shipping utility through the platform. Despite market fluctuations, Dolomite has retained its TVL without any incentive programs due to its usefulness for users. 

They also mention their collaboration with OffChain Labs and Chainlink, highlighting how Dolomite relies on these teams for securing its network and valuing user collateral. The conversation shifts to broader perspectives on DeFi, with Corey discussing the analogy between the early internet and the current state of DeFi, while Adam mentions the challenges posed by unclear regulations in the industry.

Adam Knuckey emphasizes the importance of approaching projects in a secure and proper manner, rather than treating legal matters as an afterthought. He acknowledges that overcoming this challenge can be difficult, but making the best efforts is crucial. 

 

Supporting links

Bitget

Dolomite

Andy on Twitter 

Brave New Coin on Twitter

Brave New Coin

 

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