$DOLO #Dolomite Dolomite @Dolomite_io is a next-generation decentralized money market and DEX, integrating lending, trading, and margin trading through a "virtual liquidity architecture." Core innovations include: - **Dynamic Collateralization Mechanism**: Collateralized assets retain the right to staking rewards, breaking the traditional "borrow and lock" limitation. - **Automatic E-Mode**: Boosts LTV of related assets, improving capital efficiency. - **Broad Asset Support**: Supports up to 1,000 long-tail assets, including GMX GLP, Pendle PT/YT, and more. - **Modular Architecture**: Immutable core + upgradeable modules, balancing security and scalability. Token Economics **Supply Mechanism**: - Fixed Initial Supply: 1 billion DOLO - Inflation Rate: 3% annual inflation starting in Year 4 (adjustable by governance). - TGE Unlock: 415 million tokens, with 394 million currently in circulation. **Token Utility**: - **DOLO**: Transferable underlying asset. - **veDOLO**: NFT-style locker (up to 2 years) with governance rights, fee sharing, and mining bonuses. - **oDOLO**: Weekly LP incentives, subject to DOLO 1:1 Paired Minting Discount veDOLO Unlock Schedule: Team and investor tokens will have a 3-year lockup period. Closely monitor the impact of quarterly unlocks on price pressure. Narrative Strength Assessment Core Narrative: "DeFi Operating System" + "Capital Efficiency Revolution" - Strengths: Significant technological differentiation, addressing real pain points - Weaknesses: Market education takes time, susceptible to macroeconomic sentiment Conclusion and Rating Investment Rating: Hold Target Price: $0.25-0.35 (+42%-99%) in 6 months Risk Level: Medium-High Core Logic: Dolomite offers long-term value in the DeFi lending sector thanks to its differentiated dynamic collateralization technology and multi-chain layout. Its current valuation is relatively low relative to its TVL, offering a good risk-reward ratio. However, caution should be exercised regarding unlocking pressure and market volatility. A phased position-building strategy is recommended, focusing on protocol revenue growth and technical stabilization signals. **Suitable Investors**: Investors with experience investing in DeFi protocols, who can tolerate medium to high volatility and are optimistic about the trend of capital efficiency innovation.