DeFi protocol Dolomite has officially launched its native token, $DOLO, through a Token Generation Event (TGE) scheduled for 09:00 (EST) on April 24, 2025.
The $DOLO token will be available on leading centralized exchanges including Bybit, Binance Alpha, Bitget, KuCoin, and Kraken. Additionally, it debuts on decentralized platforms such as Uniswap and Kodiak, further widening access to users across the crypto ecosystem.
The TGE follows Dolomite’s recent airdrop that distributed 20% of the total DOLO supply to users and participants of its Minerals Program. Eligible recipients will have six months to claim their tokens, with 50% released as liquid DOLO and the remaining 50% issued as veDOLO—a locked governance version of the token that provides protocol-specific benefits.
Adam Knuckey, Co-founder and COO of Dolomite commented on the TGE, noting that:
Launching $DOLO is a major milestone as we scale our mission to improve capital efficiency across DeFi. With our integration on Berachain and momentum in user adoption, this event signals a broader push to build sustainable and secure financial infrastructure.”
Notably, Dolomite has seen rapid growth since its inception, processing over $928 million in trading volume and currently ranking as the 10th largest money market in DeFi.
How Dolomite’s $DOLO Token Enhances DeFi Borrowing and Governance
Dolomite is a decentralized money market that enables efficient borrowing and lending. The protocol supports multiple isolated borrow positions from a single wallet, each with a separate risk profile. This architecture allows users to use over 1,000 yield-bearing assets as collateral, making it possible to earn rewards while borrowing.
The introduction of $DOLO and its governance-enabled counterpart veDOLO marks a shift toward a more community-driven protocol. Holders of veDOLO will play a role in shaping future upgrades and strategic decisions, aligning protocol incentives with long-term user engagement.
Dolomite plans to introduce new features post-TGE, including “Smart Debt,” a functionality allowing users to interact with each other’s collateral and debt. For instance, users supplying USDT can have their assets automatically converted to USDC, enhancing stablecoin liquidity. Traders can also opt to borrow in one asset while repaying with another, streamlining capital deployment.
The Smart Debt system is designed to optimize capital efficiency within the protocol, making Dolomite attractive to a broader spectrum of DeFi participants—from casual users to institutional investors.
As the DeFi sector continues evolving, Dolomite’s latest token launch highlights the increasing demand for advanced lending protocols that merge security, capital efficiency, and community governance.
