Dolomite Launches Margin Protocol and DEX, Offering Advanced Margin Features to the DeFi Space

Dolomite Launches Margin Protocol and DEX, Offering Advanced Margin Features to the DeFi Space

Dolomite today announced the launch of its new margin protocol and DEX after more than a year of rigorous development. Dolomite’s new protocol boasts higher capital efficiency and broader asset support than existing competitors, and aims to capture valuable integrations and experienced traders with its advanced features and unique offerings.

Dolomite was founded in early 2018, before “DeFi” even existed as a term, at which time the Dolomite team was one of the first to build in the DEX space, and the first to build on the Loopring Protocol. Over the years that followed, Dolomite experienced moderate success with their initial platform, and used their domain expertise and backend infrastructure to work with several other teams in the space, assisting in the launch of several other projects. Since 2021 the team has been using the experience they’ve collected from working in the space and their love of trading to develop what they believe is a truly next generation margin protocol, which they are excited to launch today. Now backed by the blockchain venture studio Draper Goren Holm, the team believes the future of the protocol looks bright.

“Innovating and implementing advanced features for truly decentralized exchanges is exceedingly difficult,” said Alon Goren, Founding Partner of Draper Goren Holm. “The Dolomite team is one of the most experienced, talented, and knowledgeable teams that we have ever met in the space.”

Dolomite’s new protocol boasts several unique features that they believe will benefit crypto holders and traders. Thanks to the capital efficiency of the protocol’s architecture, users are able to earn in several ways at once. Assets deposited onto Dolomite will earn margin lending interest by default, but those same assets can be deposited into a Dolomite liquidity pool to simultaneously earn margin lending interest and liquidity pool fees. Additionally, those assets in the liquidity pool can eventually be used as collateral for yield farming, allowing users to earn from three sources simultaneously that they otherwise would have had to choose between.

Those interested in trading will benefit from the Dolomite Protocol’s support for a broad set of collateral assets. For traders, this means being able to margin trade any listed asset on the platform against another other listed asset. This enables traders to not only open more common margin trades, such as longing ETH against USDC, but also margin trade popular assets that aren’t commonly available for margin trading, such as opening a LINK margin long against GMX, using LINK as collateral. This can even extend to more exotic assets, anything from interest bearing tokens to tokenized real world assets. While Dolomite will be launching with a more limited list of assets, they already have the addition of many new assets in the works.

Those interested in hedging also benefit from Dolomite’s broad asset support. By using Dolomite’s borrowing capabilities, users will be able to tap into what would have otherwise been illiquid assets, such as borrowing against liquid staking LP tokens as well as interest bearing tokens. Users will also be able to collateralize each borrow position with up to 32 different assets, enabling significant flexibility for users. Dolomite’s team believes that along with benefiting users of the platform, these enhanced borrowing and hedging capabilities will attract many valuable integrations. The team has built the protocol with composability in mind, making it easy for other projects to interact with, connect to, and build on Dolomite.

“We wanted to put down a strong foundation for building a maximally decentralized and immutable protocol. Utilizing The Graph for all data indexing, Chainlink price feeds, and deploying on Arbitrum One felt like the only logical way to fulfill that vision,” said co-founder Corey Caplan.

The Dolomite team aimed to build a strong and stable tech infrastructure that will stand the test of time. The Dolomite Protocol uses Chainlink’s industry-leading and battle-tested price feeds as the backbone of its margin lending capabilities to secure the protocol’s integrity even in volatile market conditions. In order to provide the protocol’s advanced features with the fastest speed and lowest gas fees, the team has launched Dolomite on the Ethereum layer 2 Arbitrum, which the team believes has the best experience for users and the highest degree of security amongst the layer 2 landscape.

The team has a goal of steady growth and strong tech development. Over the coming weeks, the team will be announcing and releasing new features and integrations, and expects many more to come.

“We see this as just the beginning of a long journey”, explained co-founder Adam Knuckey, “we have so many exciting features and integrations on the way that we’re looking forward to sharing with the DeFi space”

The Dolomite margin DEX is currently available for users to trade and earn on desktop and mobile. You can learn more about Dolomite and get started on their platform on their website at https://dolomite.io. Those interested in diving deeper into the tech powering Dolomite can find Dolomite’s documentation at https://docs.dolomite.io. Those interested in talking with the team and being a part of the community can join the discussion on Dolomite’s social media channels on Twitter and Discord.

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Education Technology Day must be extended to prisons

Education Technology Day must be extended to prisons

Typically thought of as being an easy to clean area of the home, hard floors have risen in popularity in recent decades. Globally, hard floors are the most common floor type,2 and research released today by Dyson has uncovered poor cleaning habits that mean hard floors are likely to be harbouring an array of hidden nasties. This comes as 32% of Brits – equating to 21.6 million people in the UK – will use the same dirty mop head for six months or more before replacing it. What’s more, one in 20 also admit to keeping the same mop for a year or longer, and one in 10 think it is acceptable to use the same mop 100 times, spreading dirt around their floors every time they use it. Cross contamination is a primary issue for most common and traditional mopping methods with germs and bacteria further being unknowingly spread around homes as Brits use dirty water to clean floors.3 45% only change the water to new water between rooms, whereas 41% wait even longer until it looks dirty. This could mean that floors are being washed with dirty water, adding more dirt rather than taking it away. Surprisingly, almost one in 10 (9%) even admit to not changing the dirty water at all when mopping. Over a quarter (28%) admit to mopping their floors once a fortnight or less while over half (53%) admit they don’t regularly clean behind appliances and leave dirt to build up for as long as six months at a time. image002.jpg On how to achieve a perfect barefoot clean feel after mopping, Geli Lee, Dyson Engineer and Home Cleaning Expert offers their top tips for eliminating dirt around the home: 1. Create a cleaning schedule to stay on top of dirt build-up. In the last year, there has been a 15% global reduction in the number of people who maintain regular cleaning schedules. 47% of the British public admitted to only being motivated to clean when they spot visible dirt or dust.4 Regular floor cleaning with a wet hard floor cleaner like the Dyson WashG1™ removes more stubborn dirt than vacuuming alone. It is important to have a debris free surface, clear any clutter from the floor or other surfaces. Choose the right machine: Different vacuums are designed for different floor types and home sizes. Some machines will be engineered with hard floors in mind and will struggle on thick pile carpets, for example. Choosing the right machine for your home will make a big difference to the ease and speed with which you’re able to clean your home. Clean your floors ‘little and often’. Washing your floors frequently in areas that receive more foot fall will help to stop dirt building up and getting trodden into your floor. Using a dedicated wet floor cleaner on hard flooring such as the Dyson WashG1 is helpful for this, as the versatile format means it vacuums and washes the floor simultaneously. Cleaning schedules have also become less regimented. In recent years only 41% of people claim to have a regular cleaning schedule, and 60% admit to cleaning reactively; being motivated to clean only when there is visible dirt or dust5. It’s perhaps not surprising, that a fifth of people are still concerned their floors are dirty after they’ve mopped them (22%) and one in four6 feel extremely worried about indoor dust at home. Geli Lee, Dyson Engineer and Home Cleaning Expert reveals why it is important to change the way we mop: “Cleaning your hard floors properly and regularly is important for maintaining a healthy environment around your home. Without a proper cleaning routine, dirt may unknowingly build up and spread around your home. It is evident from our research that current mopping habits mean British households aren’t cleaning their floors as effectively as they should. “From ignoring problem areas where dust and debris build up, cross contamination with dirty water to not replacing mop heads or inconsistent cleaning, current mopping behaviours may be making floors dirtier as opposed to cleaner. Moving away from traditional methods, wet floor cleaners like the Dyson WashG1 simplify the floor cleaning experience and provide a modern efficient and hygienic solution” To help take the guesswork out of mopping, the brand new WashG1 is Dyson’s first dedicated wet floor cleaner that tackles wet and dry debris in one go. Engineered for hygienic cleaning and maintenance, the WashG1 is revolutionising wet floor cleaning, removing the need for multi-products and multi-steps to achieve a barefoot clean feel around the home. To put the product to the test, Dyson have cleaned one of London’s most iconic landmarks The Victoria and Albert Museum. From cleaning the grand marble floors housing the most prestigious exhibits, to cleaning up leftover food in the Gamble Room Cafe, the WashG1 had a dirt busting tour of the museum leaving it spotless. Images can be found here. The WashG1 introduces Dyson’s engineering expertise to cleaning hard floors. With a 1 litre clean-water tank to cover flooring up to 290m2, the Dyson WashG1 uses a combination of hydration, absorption, and extraction technologies to remove wet and dry spills and stains simultaneously. The Dyson WashG1 is available to purchase now from Dyson.co.uk, retailing at £599.99.

Typically thought of as being an easy to clean area of the home, hard floors have risen in popularity in recent decades. Globally, hard floors are the most common floor type,2 and research released today by Dyson has uncovered poor cleaning habits that mean hard floors are likely to be harbouring an array of hidden nasties. This comes as 32% of Brits – equating to 21.6 million people in the UK – will use the same dirty mop head for six months or more before replacing it. What’s more, one in 20 also admit to keeping the same mop for a year or longer, and one in 10 think it is acceptable to use the same mop 100 times, spreading dirt around their floors every time they use it. Cross contamination is a primary issue for most common and traditional mopping methods with germs and bacteria further being unknowingly spread around homes as Brits use dirty water to clean floors.3 45% only change the water to new water between rooms, whereas 41% wait even longer until it looks dirty. This could mean that floors are being washed with dirty water, adding more dirt rather than taking it away. Surprisingly, almost one in 10 (9%) even admit to not changing the dirty water at all when mopping. Over a quarter (28%) admit to mopping their floors once a fortnight or less while over half (53%) admit they don’t regularly clean behind appliances and leave dirt to build up for as long as six months at a time. image002.jpg On how to achieve a perfect barefoot clean feel after mopping, Geli Lee, Dyson Engineer and Home Cleaning Expert offers their top tips for eliminating dirt around the home: 1. Create a cleaning schedule to stay on top of dirt build-up. In the last year, there has been a 15% global reduction in the number of people who maintain regular cleaning schedules. 47% of the British public admitted to only being motivated to clean when they spot visible dirt or dust.4 Regular floor cleaning with a wet hard floor cleaner like the Dyson WashG1™ removes more stubborn dirt than vacuuming alone. It is important to have a debris free surface, clear any clutter from the floor or other surfaces. Choose the right machine: Different vacuums are designed for different floor types and home sizes. Some machines will be engineered with hard floors in mind and will struggle on thick pile carpets, for example. Choosing the right machine for your home will make a big difference to the ease and speed with which you’re able to clean your home. Clean your floors ‘little and often’. Washing your floors frequently in areas that receive more foot fall will help to stop dirt building up and getting trodden into your floor. Using a dedicated wet floor cleaner on hard flooring such as the Dyson WashG1 is helpful for this, as the versatile format means it vacuums and washes the floor simultaneously. Cleaning schedules have also become less regimented. In recent years only 41% of people claim to have a regular cleaning schedule, and 60% admit to cleaning reactively; being motivated to clean only when there is visible dirt or dust5. It’s perhaps not surprising, that a fifth of people are still concerned their floors are dirty after they’ve mopped them (22%) and one in four6 feel extremely worried about indoor dust at home. Geli Lee, Dyson Engineer and Home Cleaning Expert reveals why it is important to change the way we mop: “Cleaning your hard floors properly and regularly is important for maintaining a healthy environment around your home. Without a proper cleaning routine, dirt may unknowingly build up and spread around your home. It is evident from our research that current mopping habits mean British households aren’t cleaning their floors as effectively as they should. “From ignoring problem areas where dust and debris build up, cross contamination with dirty water to not replacing mop heads or inconsistent cleaning, current mopping behaviours may be making floors dirtier as opposed to cleaner. Moving away from traditional methods, wet floor cleaners like the Dyson WashG1 simplify the floor cleaning experience and provide a modern efficient and hygienic solution” To help take the guesswork out of mopping, the brand new WashG1 is Dyson’s first dedicated wet floor cleaner that tackles wet and dry debris in one go. Engineered for hygienic cleaning and maintenance, the WashG1 is revolutionising wet floor cleaning, removing the need for multi-products and multi-steps to achieve a barefoot clean feel around the home. To put the product to the test, Dyson have cleaned one of London’s most iconic landmarks The Victoria and Albert Museum. From cleaning the grand marble floors housing the most prestigious exhibits, to cleaning up leftover food in the Gamble Room Cafe, the WashG1 had a dirt busting tour of the museum leaving it spotless. Images can be found here. The WashG1 introduces Dyson’s engineering expertise to cleaning hard floors. With a 1 litre clean-water tank to cover flooring up to 290m2, the Dyson WashG1 uses a combination of hydration, absorption, and extraction technologies to remove wet and dry spills and stains simultaneously. The Dyson WashG1 is available to purchase now from Dyson.co.uk, retailing at £599.99.

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