The protocol helps ETH, USDC, WETH, and MATIC at launch.
Arbitrum-based decentralized change and lending protocol Dolomite is increasing to Polygon’s zkEVM ecosystem.
Initially, the margin buying and selling protocol will solely enable transactions with ETH, USDC, WETH, and MATIC, though it plans so as to add assist for extra tokens because the yr progresses. Arbitrum’s native ARB will probably be built-in as a part of the second batch.
“Dolomite’s Digital Liquidity system must be an ideal match for zkEVM, permitting customers to simply entry worth with out compromising on their DeFi-native rights,” mentioned Jack Melnick, head of DeFi for Polygon Labs, in a press launch.
Down from its Jan. 14 peak of $21M, Dolomite at the moment holds $19M in whole worth locked (TVL), in line with DefiLlama. Because of its “Zap for one-click collateral” function launch, the protocol has been gaining traction since November 2023.
Dolomite’s digital liquidity system lets customers successfully recycle or reuse liquidity in a number of methods, enabling them to generate a number of sources of yield concurrently. The launch on Polygon zkEVM is a bid to leverage each nascent environments for broader growth.
Polygon zkEVM went reside on Mar. 28, 2023. The protocol delivers an Ethereum-compatible rollup powered by zero-knowledge proofs. It touts a speedier and extra privacy-centric possibility for scaling the Ethereum community.
Whereas the broader Polygon community boasts a TVL of $888M, Polygon zkEVM at the moment holds $14.3M in TVL, a 60% drop from its $35.3M peak in July of final yr.
