Dolomite is a next-generation margin protocol and decentralized exchange built for trustless trade settlement.
It is highly integrated, user-friendly, and offers capital efficiency through margin trading with spot settlement, passive liquidity provisioning, and other financial instruments. The platform supports a broad range of tokens and provides on-chain liquidity using automated market makers (AMM) pools.
Dolomite launched on the Arbitrum Network in October 2022, with contracts forked from dYdX. The project’s potential is vast in the Arbitrum ecosystem, and it has a high modularity for the development of more protocols. Its core margin system is immutable, and liquidations are triggered by Chainlink oracles. Dolomite generates revenue streams through borrowing and trading fees.
The team behind Dolomite is small but great, with CEO Corey Caplan and COO Adam Knuckey leading the way. The project’s future involves it being owned by a DAO, and the current focus is on B2B partnerships.
Overall, Dolomite offers easy and unstoppable access to margin trading, lending, borrowing, and spot trading, making it an excellent protocol for users looking for a decentralized and efficient trading experience.
Notes to Take:
- Next-gen margin protocol and DEX
- Platform for margin trading, lending, and borrowing
- Broad token support, high capital efficiency
- Launched on Arbitrum in Oct 2022
- Forked from dYdX, owned by a DAO in the future
- Liquidations triggered by Chainlink Oracles
- Small team, focused on B2B partnerships
- Revenue streams from borrow & trading fees
| Initial Screening | |||
| Keep researching | |||
| Does this project need to use blockchain technology? | Yes | ||
| Can this project be realized? | Yes | ||
| Is there a viable use case for this project? | Yes | ||
| Is the project protected from commonly known attacks? | Yes | ||
| Are there no careless errors in the whitepaper? | Yes | ||
Project Technology Score | |||
| Description | Scorecard | ||
| Innovation (Out Of 11) | 7 | ||
| How have similar projects performed? | Good | 2 | |
| Are there too many innovations? | Regular | 2 | |
| Percentage of crypto users that will use the project? | 1-5% | 1 | |
| Is the project unique? | Yes | 2 | |
| Architecture (Out of 12) | 11 | ||
| Overall feeling after reading whitepaper? | Good | 2 | |
| Resistance to possible attacks? | Yes | 2 | |
| Complexity of the architecture? | Not Too Complex | 2 | |
| Time taken to understand the architecture? | 20-50 minute | 1 | |
| Overall feeling about the architecture after deeper research? | Good | 4 | |
| Code Quality (out of 15) | 13 | ||
| Is the project open source? | Yes | 2 | |
| Does the project use good code like C,C++, Rust, Erlang, Ruby, etc? | Yes | 2 | |
| Could the project use better programming languages? | No | 0 | |
| Github number of lines? | More than 10K | 1 | |
| Github commits per month? | More than 10 | 0 | |
| What is the quality of the code? | Good quality | 2 | |
| How well is the code commented? | Good | 2 | |
| Overall quality of the test coverage? | Outstanding | 2 | |
| Overall quality of the maintainability index? | Outstanding | 2 | |
| When Mainnet (out of 5) | 5 | ||
| When does the mainnet come out? | Live | 5 | |
| Usability for Infrastructure Projects (out of 5) | 5 | ||
| Is it easy to use for the end customer? | Yes | 5 | |
| Team (out of 7) | 6 | ||
| Number of active developers? | 3+ | 1 | |
| Developers average Git Background? | Senior | 2 | |
| Developers coding style? | Outstanding | 3 | |
| Total Score (out of 55) | 47 | ||
| Percentage Score | |||
| Innovation | 12.73% | ||
| Architecture | 20.00% | ||
| Code Quality | 23.64% | ||
| Mainnet | 9.09% | ||
| Usability | 9.09% | ||
| Team | 10.91% | ||
| Total | 85.45% |
