Dolomite Joins Chainlink BUILD to Supercharge the Adoption of Our Margin Protocol
We’re excited to announce that Dolomite is officially joining the Chainlink BUILD Program. As a part of BUILD, we aim to accelerate ecosystem growth and the long-term adoption of Dolomite DeFi products by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to pay network fees and offer other benefits to the Chainlink community and service providers, including stakers.
Dolomite has previously integrated Chainlink Price Feeds on Arbitum to help secure collateral calculations and liquidations and support its advanced leveraged trading and lending feature sets with high-quality market data and battle-tested decentralized infrastructure.
We’re confident that through expanded support, enhanced access to secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Dolomite’s products on Arbitrum and ultimately increase access to open and transparent financial services.
Dolomite’s Margin Trading and Lending DeFi Ecosystem
Dolomite is a next-generation margin protocol and decentralized exchange with advanced features. At its core, Dolomite offers easy spot and leveraged trading from a clean interface on both desktop and mobile. However, Dolomite’s true strength comes from several unique features, such as its high capital efficiency, an ability to support a broad set of collateral assets, enhanced borrowing and hedging capabilities, and more.
Dolomite aims to build on a solid and stable foundation of tech infrastructure. The Dolomite Protocol uses Chainlink’s industry-leading price feeds to help underpin its margin lending capabilities to help secure collateral calculations even in volatile market conditions. In order to support the protocol’s advanced features with the fastest speed and lowest gas fees, we launched Dolomite on Arbitrum, which we believe has the best user experience and the highest degree of security across the layer-2 landscape.
Why We Joined Chainlink BUILD
As an active participant in the Chainlink ecosystem, Dolomite joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides.
As part of BUILD, we will receive key benefits, including increased access to and integration of Chainlink Price Feeds, on-chain data security for select Chainlink Data Feeds provided through Chainlink Staking, access to new Chainlink product alpha and beta releases, and dedicated technical support from the Chainlink Labs team, among other benefits.
Dolomite has planned to commit 3% of the total token supply of Dolomite tokens to Chainlink service providers for these services, including stakers, who secure oracle services relied upon by Dolomite’s platform as well as future products. In turn, Chainlink service providers can participate in Dolomite and are further incentivized to contribute to the security and reliability of our DeFi products. These mutually aligned economic incentives enable both communities to support one another.
“As we’re building a high-performance DeFi margin trading and lending protocol, we’re aiming to leverage a solid foundation of high-quality tech infrastructure. This is why we’re excited to join Chainlink BUILD, which gives us increased access to Chainlink’s industry-standard oracle services, dedicated technical support, and a robust cryptoeconomic model that empowers us to build an advanced margin trading platform on Arbitrum. We’re pleased to continue collaborating with Chainlink and aligning its vibrant community with the growing Dolomite ecosystem.” — Corey Caplan, Co-founder of Dolomite.
About Chainlink
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
You can find us at:
- Website: dolomite.io
- Twitter: Dolomite_io
- Discord: discord.gg/uDRzrB2YgP
