Dolomite (DOLO)

Margin Trading

Dolomite allows you to margin trade many popular DeFi assets against stablecoins or other DeFi assets, not just ETH and WBTC. This gives you more options to trade with leverage on a decentralized exchange.

Lending and Borrowing

You can lend and borrow a wide range of unique assets on Dolomite, including those not supported by other DeFi protocols. When you lend, you keep your governance rights, staking rewards, and yield benefits.

Flexible Borrowing

Dolomite lets you open multiple borrow positions from the same wallet, each secured by different assets. Each loan is isolated, so if one position is liquidated, your other loans stay protected.

Low-Cost and Efficient

Dolomite operates on networks like Arbitrum, Mantle, Polygon zkEVM, and X Layer, which offer high speed and low fees, making DeFi activities more affordable.

Mobile Access

Dolomite’s full features are available on mobile devices, so you can manage your portfolio and margin trades anytime, anywhere.

Developer Collaboration

Dolomite’s smart contracts are immutable and secure, allowing other projects to build on its platform and retain DeFi-native rights, helping to strengthen the DeFi ecosystem.

Pros

• Margin trading supports many DeFi assets against stablecoins or other DeFi assets, not just ETH and WBTC.
• Allows lending, borrowing, and earning on a wider array of unique assets not found on other DeFi protocols.
• Users retain DeFi-native rights like governance, yield bearing, and staking rewards when lending assets.
• Flexible borrowing with multiple isolated positions collateralized by 30+ different assets.
• Low-cost and efficient on networks like Arbitrum, Mantle, Polygon zkEVM, and X Layer with low gas fees.
• Full margin trading features available on mobile devices for easy access anywhere.
• Built for collaboration with immutable, non-upgradable smart contracts for future-proof DeFi integrations.
• Core smart contracts have undergone multiple audits with full test coverage, ensuring security.

Cons

• No specific cons are mentioned in the available information.

Founders

Dolomite was founded by experienced traders in the crypto space who wanted to create the exchange they always dreamed of using. Specific names of the founders are not provided.

Investors

Dolomite has allocated 16.20% of its tokens to investors. Of this, 1.29% (12,943,333 DOLO) vests over the first 12 months, and 14.89% (148,902,667 DOLO) vests over 3 years with a 1-year cliff.

Service Providers and Advisors

Service providers receive 3.00% of the tokens, while advisors get 0.20%, vested over 2-3 years with a 1-year cliff.

Token Inflation

After year 4, Dolomite begins a 3% annual inflation rate, which can be modified by governance.

Halal Status of Dolomite

Dolomite is a decentralized finance (DeFi) platform that offers margin trading, lending, and borrowing of crypto assets. It supports a wide range of assets and allows users to retain governance rights and staking rewards on lent assets. The platform is built on multiple blockchains optimized for low fees and high throughput.

Based on the available information, there is no explicit statement about Dolomite being halal or not. Therefore, a definitive yes or no answer cannot be provided from the given data.