Dolomite announces the $DOLO token generation event will occur on April 24th

Dolomite, a decentralized money market and DeFi platform, has announced that its native token $DOLO will undergo a Token Generation Event (TGE) on April 24. According to the project’s official X account, this marks the first public issuance of the DOLO token after several years of protocol development. Dolomite operates as a lending and margin trading protocol built around Arbitrum and other EVM chains, offering overcollateralized loans, margin trading, and AMM-based liquidity. The TGE is structured with a fixed total supply of 1 billion DOLO, with roughly 361 million tokens circulating at launch, including locked veDOLO positions. Dolomite has allocated 20% of the total supply as an airdrop to users based on activity before a snapshot dated January 6, 2025, and an additional 3% allocation to Boyco depositors. Following the airdrop, recipients will have six months to claim their tokens, split between liquid DOLO and veDOLO, the locked governance and incentives variant. The TGE is also coupled with broad exchange distribution and multi-chain deployment. DOLO is issued as an ERC‑20 token on Berachain, Ethereum, and Arbitrum, using a burn‑and‑mint model and Chainlink CCIP for cross‑chain interoperability. Centralized listings are scheduled on exchanges including Bybit, Binance Alpha, Bitget, KuCoin, and Kraken, alongside DEX listings on Kodiak and Uniswap, with trading set to begin around the TGE window at 9:00 AM EST on April 24. For the broader DeFi ecosystem, this launch formalizes Dolomite’s tokenized governance and incentives structure and deepens liquidity for a protocol positioned within the Arbitrum and emerging Berachain ecosystems.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Dolomite will conduct TGE on April 24 and airdrop 20% of DOLO (binance.com)
• Sensational Dolomite DOLO Token Launch: Unveiling Arbitrum DeFi ... (bitget.com)
• Dolomite to Launch TGE with $DOLO Token - Chainwire (chainwire.org)
• Dolomite Launches $DOLO Token Across Major Exchanges (altcoinbuzz.io)
• DOLO | Dolomite (docs.dolomite.io)

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