How to Earn from Dolomite - A Next Gen Margin Protocol & Dex built on Arbitrum

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Today we will discuss about a Next Generation Margin trading protocol based on the Arbitrum chain.

Dolomite is a Next generation Margin trading protocol based on the Arbitrum chain. This is a trick on how to use it to your financial advantage and earn 💰🎉.

Here is what Dolomite is building and why it should interest you!

What is dolomite?

Dolomite is a Decentralized Exchange (DEX) built on the Arbitrum chain and a next generation margin trading protocol. In order to help both holders of cryptocurrency and traders, Dolomite has made generating money on its platform simpler.

How do you earn on Dolomite?

Deposit tokens on dolomite and earn interest by default. This same tokens can also be deposited into Dolomite’s Liquidity pools to earn LP fees at the same time. In addition, assets in the liquidity pool can be utilized as yield farming collateral, enabling users to profit from three sources at once.

🟣Step by Step guide simply explained here :

https://dolomite.io/QuickStart/Desktop

🐬What do do as a Trader?

You will profit from the Protocol's support for a large variety of collateral assets as a Trader wishing to use the Dolomite product suites. In other words, you can margin trade any listed asset on the platform against any other listed asset

💸What you gain as a Trader?

This enables traders to open popular assets that aren't frequently available for margin trading, like opening a LINK margin long against GMX, using LINK as collateral, in addition to more common margin positions, like longing ETH versus USDC. This can even include more unusual assets, such as tokenized real world assets or interest-bearing tokens.

🤔 How it benefits Hedgers?

The Dolomite's extensive asset support is especially advantageous to those who are interested in hedging. Users will be able to access assets that would otherwise be illiquid by borrowing against liquid staking LP tokens and interest-bearing tokens using Dolomite's borrowing features. Users will have a lot of flexibility because they can collateralize each borrow position with up to 32 different assets and have as many independent borrow positions as they'd like. The team at @Dolomite_io believes improved borrowing and hedging capabilities will attract a lot of beneficial integrations in addition to helping platform users.

🫡 Why Dolomite chose

Arbitrum has been gaining Steam in the defi world, and with Dolomite aiming to transform Defi, Arbitrum was its best fit 🧡

That’s all for todays article ! Feel free to ask questions on Dolomite and Make sure to Follow our page for more !

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Project twitter : @dolomite_io

Project Discord: https://discord.gg/uDRzrB2YgP

Project Telegram: https://t.me/dolomite_official

Website : dolomite.io