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DeFi Lending Protocol Dolomite Launches on Polygon zkEVM to Accelerate Ethereum DeFi Money Markets

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–News Direct–

British Virgin Islands, February 13, 2024 – DeFi lending protocol & decentralized exchange Dolomite has announced its long-awaited launch on Polygon zkEVM, expanding its protocol to one of the largest and most vibrant ecosystems in crypto.

Dolomite is launching on Polygon zkEVM with an initial class of basic tokens such as USDC, ETH, WBTC and MATIC, but has plans to rapidly integrate dozens of unique assets on Polygon zkEVM. Ultimately, it hopes to replicate the stunning success it has had on Arbitrum, bring more utility and users to the protocol, while uniting the wider zkEVM ecosystem.

Polygon zkEVM mainent beta launched last year, with three key features that set it apart from other networks, including its scalability, security, and its EVM-equivalency, which makes it compatible with other EVM chains. Polygon zkEVM batches blockchain transactions into rollups with zero-knowledge proofs before executing those proofs on the Ethereum chain. By breaking transactions down into smaller chunks of data, it helps to reduce congestion on the Ethereum network and make it faster.

The Polygon PoS network is currently the seventh-largest in the industry, with almost $1 billion in total value locked, and it will be able to leverage the technology and financial resources responsible for this success to help the Polygon zkEVM chain grow. So far, considerable progress has been made, with more than 56 projects launching on Polygon zkEVM while still in beta.

Dolomites architecture pushes the boundaries of what decentralized money markets can do, enabling higher capital efficiency and support for a broader range of assets than was previously possible. Its mission is to build valuable integrations and capture DeFis biggest power users, enticing them with the advanced capabilities enabled by its novel design. Backed by some of the biggest venture capital firms in the crypto industry, Dolomite launched on the rapidly growing Arbitrum network, where it has enjoyed considerable success to date. Dolomite quickly emerged as one of Arbitrums top lending protocols with the most supported assets, and is well-positioned to become a top lending platform on Polygon zkEVM being one of the first-movers on the protocol.

Dolomite is well on the way to doing so, having been featured as one of the top 19 protocols in Polygon Labs DeFi Unleashed campaign, which highlights many of the early adopters building on Polygon zkEVM as the protocol ramps up toward a full release. The DeFi Unleashed campaign will see more than $50K of rewards handed out to users of its participating projects.

As one of the early adopters building on Polygon zkEVM, Dolomite will be privy to strong support from Polygon zkEVM developer teams. Whereas it was a fairly late arrival to Arbitrum and thus more reliant on its own strengths, its arrival at a more nascent phase on Polygon zkEVM provides an opportunity for closer collaboration with a fledgling ecosystem and with the team developing software for Ethereums leading scaling protocol.

Jack Melnick, the Head of DeFi at Polygon Labs, spoke of his excitement about the work done by Dolomite so far: The team has instantly begun to create network effects as they build integrations for a number of the unique native assets on the chain, he said in a statement. Additionally, Dolomites Virtual Liquidity system should be a great fit for the modern mechanisms featured on Polygon zkEVM, allowing users to easily access value without compromising on their DeFi-native rights.

Dolomite has grown spectacularly on Arbitrum since the launch of its oARB rewards campaign last November. During that time, its TVL has more than tripled, and the protocol will attempt to mirror that success through a future rewards program on Polygon zkEVM, in a bid to onboard users onto the highly anticipated Polygon zkEVM ecosystem.

About Dolomite

Dolomite allows users to unlock dormant capital by smarter borrowing and lending. It enables smarter asset deployment through powerful integrations across the DeFi ecosystem. Dolomites advanced architecture supports separate borrow positions from a single wallet, each with a distinct risk profile. Its unique design allows for a broad range of yield-bearing assets to be used as collateral, helping users earn rewards while borrowing against these assets.

Over time, Dolomite aims to become a hub for DeFi activity to allow other protocols, yield aggregators, DAOs, market makers, hedge funds, and others to manage their portfolios and run on-chain strategies.

Learn more about Dolomite at: https://dolomite.io/

Dolomite allows users to unlock dormant capital by smarter borrowing and lending. It enables smarter asset deployment through powerful integrations across the DeFi ecosystem. Dolomites advanced architecture supports separate borrow positions from a single wallet, each with a distinct risk profile. Its unique design allows for a broad range of yield-bearing assets to be used as collateral, helping users earn rewards while borrowing against these assets.

Over time, Dolomite aims to become a hub for DeFi activity to allow other protocols, yield aggregators, DAOs, market makers, hedge funds, and others to manage their portfolios and run on-chain strategies.

Learn more about Dolomite at: https://dolomite.io/

Contact Details

MarektAcross

PR

[email protected]

Company Website

https://dolomite.io/

View source version on newsdirect.com: https://newsdirect.com/news/defi-lending-protocol-dolomite-launches-on-polygon-zkevm-to-accelerate-ethereum-defi-money-markets-742439986

Dolomite

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A League of Their Own to Combat Social Equity: GBT to launch on March 6

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Sydney, NSW, Australia, 4th Mar 2024 – GiveBackToken is the digital asset of a distinctive global FOUNDATION whose members are committed to bridging social gaps and differences in order to promote equality and unity within their global family.

As the first of its kind, Give Back Token (GBT) has announced its Fair Lunch set for March 6, 2024, at 0700 UTC. The newest digital currency aims to promote social equality through the means of charitable donations determined by the token’s ever-growing community members. The Australian-based project has implemented a range of innovative strategies to ensure the longevity and sustainability of its token, such as its low-percentage tax funding the donations wallet, intervalled burns for its first six months, and almost ⅙ of the collective supply locked away for its first year. With the goal of bridging gaps in social inequity, GBT recognises that its community members are not just voices for the sake of charitability but, for many, are individuals who are, directly or indirectly, affected by the causes they advocate for – adding an extra layer to the innovative project’s long-term viability.

The Ins and Outs: Tokenomics and Supply Allocation

GBT has declared a supply of one quadrillion in total, divided with 53% allocated to CEX and DEX platforms, 33% held in the burn wallet, where 5.5% is ordered to be burnt monthly, and 14% locked away for the first twelve months from the launch. Furthermore, the project has ensured a low 1% buy and sell tax which will cumulatively fund the donation wallet and marketing.

The Road Less Travelled: The Three Phases of the Future

Give Back Token’s roadmap has been sectioned into three phases. The first outlines goals in being listed on both CoinMarketCap and Coingecko, launching their Ambassador Program (where there are delegated individuals to each country, offering translating and familiar support for the ever growing community), obtaining a contract audit with many audits, and furthering their promotions and partnerships.

Upon completion of this, the project shifts into their second phase, with ambitions directed at the development of their designer school, have their charity program up-and-running, merchandising, and the opportunity to promote the social utility on a larger scale. Following this, Phase Three highlights objectives relating to GBT’s first visa/mastercard, its own exchange, the GBT wallet, and the introduction of community conferences. 

What Does This Mean for the Future?

With the idea of utilising cryptocurrency to fight social injustices being overlooked or undervalued in the past, GBT’s innovative and fresh ideas have put them in a league of their own. The team members behind the token all share a similar goal: to promote, support and advocate for social equality. It is with this that Give Back Token will utilise its large telegram community (twenty-thousand members just days before its launch) in a voting system to delegate the monthly funds accumulated in the donation wallet. The project has outlined a number of disadvantaged sectors they endeavour to support, such as promoting education, assisting seniors, environmental conservation, gender equality, access to healthcare, animal welfare, and disaster relief.

With just days until its launch, GBT’s initiative fosters the long-striven goal of hope for an equal world. The project believes that with the incorporation of its community input, members are able to feel included and valued, collectively working towards a better future for all. By starting this project completely digital, GBT has ensured their audience has built to a global scale and thus diversifying their contribution for change. 

Although the exact future is undetermined, Give Back Token’s past and present are a gift for a brighter tomorrow.

Website: Https://xuirin.com

Telegram: https://t.me/xuirinfinance

Twitter: https://twitter.com/xuirin_finance

Marketing Partner: crmoon (crmoonboy)

Media Contact

Organization: Givebacktoken

Contact Person: Samowel Aboud

Website: https://www.GiveBackToken.com

Email: [email protected]

City: Sydney

State: NSW

Country: Australia

Release Id: 04032410225

The post A League of Their Own to Combat Social Equity: GBT to launch on March 6 appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Commercial-Solar.org – Commercial Solar Company Empowering Businesses to Transition to Solar Energy

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As the global business community increasingly turns to sustainable energy solutions, Commercial-Solar.org emerges as a beacon for companies seeking to navigate the complexities of going solar. The Commercial Solar Company is dedicated to assisting businesses across the United States in understanding the financial and environmental benefits of adopting photovoltaic (PV) solar systems. From offering instant quotes and ROI timelines to demystifying solar incentives, Commercial-Solar.org is the go-to resource for companies aiming to reduce operating costs and enhance their commitment to environmental stewardship.

Commercial-Solar.org stands out by providing detailed information on a variety of crucial topics for businesses considering solar energy. This includes a breakdown of available incentives at the local, state, and federal levels, different financial models to make solar investment more accessible, and the potential for significant reductions in operating costs through solar adoption. The platform simplifies the process of going solar, making it easier for businesses to understand and act on the information presented.

One of the key features of Commercial-Solar.org is its connection service, linking businesses with vetted local commercial solar installers. This network of professionals is ready to transform business operations with tailored solar solutions, ensuring a seamless transition to renewable energy. By partnering with experienced installers, businesses can rest assured that their solar projects will be handled with the utmost expertise and care.

Moreover, the platform goes beyond just connecting businesses with solar installers. It serves as a comprehensive guide for understanding the intricate landscape of solar incentives. With expert insights into how to navigate and capitalize on these incentives, Commercial-Solar.org ensures that businesses can secure the maximum possible savings and support for their solar investments. This deep dive into the specifics of solar financing demystifies the process, making solar energy more accessible and appealing to a broader range of businesses.

The financial benefits of solar energy cannot be overstated. Commercial-Solar.org breaks down the economics of solar investments, showcasing how businesses can see a positive impact on their bottom line. The platform’s emphasis on the financial advantages of solar, including the substantial savings on energy costs and the lucrative incentives available, positions it as an invaluable tool for businesses of all sizes.

As businesses increasingly seek sustainable solutions, Commercial-Solar.org is at the forefront of this movement, providing a comprehensive resource for companies ready to embrace the future of energy.

Commercial-Solar.org Commercial Solar Company encourages businesses to explore the possibilities of solar energy, highlighting its role in reducing operating costs and promoting environmental sustainability. With Commercial-Solar.org, companies have a reliable partner in their journey toward becoming a sustainable powerhouse.

About Commercial-Solar.org

Commercial-Solar.org is a leading educational website designed to support businesses across the United States in their transition to solar energy. Offering detailed insights into solar incentives, financial models, and connections with vetted solar installers, the platform is dedicated to simplifying the solar adoption process. By focusing on the financial and environmental benefits of solar energy, Commercial-Solar.org empowers businesses to make informed decisions, contributing to their financial well-being and commitment to sustainability.

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Name
Commercial-Solar.org
Contact name
Doug Swarts
Contact phone
(855) 801-0069
Contact address
2141 10th St
City
Los Osos
State
CA
Zip
93402
Country
United States
Url
https://www.commercial-solar.org/

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Experience Superior Quality: Creative Design and Build’s Kitchen Remodeling in Maryland Heights

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Maryland Heights, MO – Kitchen remodeling is a crucial investment for homeowners seeking to enhance the functionality, aesthetics, and overall value of their homes. As one of the most utilized spaces in the house, the kitchen serves as a hub for cooking, dining, and socializing, making it essential to create a space that meets the needs of modern living.

A well-designed kitchen not only improves efficiency but also enhances the overall enjoyment of daily activities. From increasing storage capacity to upgrading appliances and fixtures, kitchen remodeling allows homeowners to personalize their space and create a more comfortable and inviting environment.

Creative Design and Build, a leading home renovation and remodeling expert, offers exceptional kitchen remodeling Maryland Heights services. With a focus on customization and quality, the company caters to homeowners looking to upgrade their kitchens into modern, functional, and aesthetically pleasing spaces. The company’s comprehensive range of kitchen remodeling services, includes but is not limited to custom cabinetry, advanced appliances, elegant countertops, and efficient storage solutions.

A key differentiator for Creative Design and Build is their dedication to incorporating the latest trends and technologies in kitchen design. Whether it’s implementing smart kitchen technologies for enhanced convenience or utilizing eco-friendly materials for sustainability, this Maryland Heights kitchen remodeler stays at the forefront of industry innovations. Their commitment to excellence and innovation has made them a leader in kitchen remodeling in Maryland Heights and the surrounding areas.

The remodeling process begins with a detailed consultation, where clients can share their vision and goals for their kitchen space. Creative Design and Build’s experts provide valuable insights and suggestions, helping to refine ideas and develop a cohesive design plan. Throughout the renovation process, the company maintains open communication with clients, ensuring transparency, satisfaction, and a seamless execution of the project.

“You can count on us for creative design ideas, highly personalized service and attention to detail in all aspects of your project. We treat every client on all projects like family.” States a quote on the company’s website.

Homeowners in Maryland Heights considering a kitchen remodel are encouraged to reach out to Creative Design and Build. With a reputation for excellence and a commitment to customer satisfaction, this kitchen remodeling company Maryland Heights always brings any dream kitchen vision to reality, regardless of the scale or complexity of the work involved.

About Creative Design and Build:

Creative Design and Build is a premier provider of home renovation and remodeling services in Maryland Heights, Missouri, and beyond. With a focus on creating personalized living spaces that reflect the unique style and needs of each homeowner, the company offers a wide range of services, including kitchen and bathroom remodeling, home additions, and custom home builds. The team of experienced designers and craftsmen is committed to delivering exceptional quality and customer satisfaction, making Creative Design and Build the go-to choice for homeowners looking to enhance their living spaces.

Media Contact

Name
Creative Design and Build
Contact name
Creative Design and Build – Maryland Heights MO
Contact phone
314-970-3595
Contact address
10 Kimler Dr Unit C
City
Maryland Heights
State
Missouri
Zip
63043
Country
United States
Url
https://creative-db.com/

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