Dolomite's proposal of "supporting lending for over 1000 types of assets" is indeed eye-catching. It is important to know that most mainstream lending protocols currently focus only on a few major coins, such as BTC, ETH, and USDC. However, Dolomite is different; it has lowered the threshold significantly, allowing even obscure long-tail assets to be used as collateral for lending—this actually addresses the pain point for some users who have "idle assets but do not want to sell them."
In addition to the inclusiveness of asset types, Dolomite also offers a user-friendly experience. You don't need to complete tedious KYC; you can use it directly once you connect your wallet. The trading interface is clear, and the operations are smooth, allowing even newcomers to DeFi to get started relatively quickly. This low-barrier design is clearly intended to expand the user base, not just to serve those "big money players."
However, it must be said that any protocol is bound to face challenges in governance structure in its early stages. For example, if the distribution of tokens is too centralized, it may lead to an excessive tilt in decision-making power. However, Dolomite is currently managing to maintain a balance in attracting new users and retention through airdrops and incentive measures, showing that the team is working hard.
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Dolomite's proposal of "supporting lending for over 1000 types of assets" is indeed eye-catching. It is important to know that most mainstream lending protocols currently focus only on a few major coins, such as BTC, ETH, and USDC. However, Dolomite is different; it has lowered the threshold significantly, allowing even obscure long-tail assets to be used as collateral for lending—this actually addresses the pain point for some users who have "idle assets but do not want to sell them."
In addition to the inclusiveness of asset types, Dolomite also offers a user-friendly experience. You don't need to complete tedious KYC; you can use it directly once you connect your wallet. The trading interface is clear, and the operations are smooth, allowing even newcomers to DeFi to get started relatively quickly. This low-barrier design is clearly intended to expand the user base, not just to serve those "big money players."
However, it must be said that any protocol is bound to face challenges in governance structure in its early stages. For example, if the distribution of tokens is too centralized, it may lead to an excessive tilt in decision-making power. However, Dolomite is currently managing to maintain a balance in attracting new users and retention through airdrops and incentive measures, showing that the team is working hard.