Dolomite — Improving the DEX Trading Experience
Crypto traders and investors have traditionally utilized “centralized” exchanges. These exchanges require their users to deposit funds onto the exchange in order to trade, and keep large pools of funds in wallets controlled by the exchange. These exchanges offer higher trade speed and a user-friendly experience, but have been fraught with hacks, fraud, and mismanagement. The result: every time you deposit crypto to an exchange you’re putting those assets at risk.
The advent of the decentralized exchange (DEX) allows users to trust the Ethereum blockchain rather than a centralized, third party intermediary. While DEXs give users much greater security and full control of their funds, many existing DEXs are confusing or difficult to trade on. That’s what led to the creation of Dolomite.
Dolomite makes it easy to get started.
We’ve streamlined the DEX experience so that users can utilize the security and control of a DEX while enjoying the user interface simplicity that many have become familiar with on centralized exchanges.
Get started in seconds: Dolomite requires very little signup to begin trading.
Forget wrapping ETH or approving tokens: Dolomite performs the wrapping and approval for you at the time of the trade, so all you need to worry about is your prospective trade & investments.
Enjoy pricing in your native currency: Tired of converting ETH prices to your native fiat in your head? Click one button and get comprehensive pricing in your native currency, from the charts to the order book. You can even place trades using your native fiat currency’s price!
Dolomite provides more tools.
The combination of exchange, portfolio manager, and market database makes Dolomite a full service experience for crypto traders.
Cash in and out from your bank account or debit card: Dolomite is the first DEX to natively integrate with Wyre to allow you to fund your wallet directly from your bank account or debit card as well as cash out, all for a low 0.75% fee.
Effortlessly track your portfolio: Dolomite generates a complete overview of your holdings in seconds, requiring only your public address. See how the value of your holdings has changed over the past day, week, month, and more with down to the minute data.
See all your DEX trades in one place: Dolomite’s portfolio tracker gives you a history of all your trades, even ones performed on other major DEXs besides Dolomite. We’ll be expanding this tool in the future to also show your other interactions in the DeFi (decentralized finance) ecosystem!
Get transaction tracking with cost basis: Dolomite’s portfolio tracker shows you every transaction performed from your wallet, and provides the value of those transactions at the time they were conducted, as well as the current value.
Dolomite is trader friendly.
Market makers, algorithmic traders, and even some casual traders have found DEXs difficult to adopt. Many DEXs require a transaction fee in order to place or cancel a trade, making high frequency trading very expensive and breaking the strategies market makers have created for centralized exchanges. In making Dolomite, we wanted to create a positive experience for everyone.
Place and cancel trades instantly and for free: High frequency and algorithmic trading is possible on Dolomite because of our off-chain order books, making strategies easy to transfer over from centralized exchanges, while also making arbitrage easier!
Traditional Order Matching with Price-Time Priority: Dolomite’s order matching engine abstracts away the need for users to communicate directly with the Loopring Protocol’s smart contracts, meaning guaranteed price-time priority for all trades submitted and settled.
Get paid to market make: Placing maker orders on Dolomite requires no fee! As a matter of fact we pay you to do it! Dolomite is the first DEX exchange to offer negative maker fees.
Enjoy TradingView chart integration: Enjoy an optimized TradingView chart featuring indicators and denomination in both ETH and fiat.
Concluding Thoughts.
We are excited to provide users with a refreshing and clean DEX experience. Stay tuned for upcoming announcements about other exciting developments and deeper dives into our features. Happy Trading!
You can find us at:
- Website: dolomite.io
- Twitter: twitter.com/Dolomite_io
- Instagram: instagram.com/dolomite_io
- Facebook: facebook.com/DolomiteOfficial
- LinkedIn: linkedin.com/company/dolomiteio
- Reddit: reddit.com/user/DolomiteOfficial
- Email: contact@dolomite.io
