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The turning point for Berachain may have already appeared.
This is my first intuition after seeing @Dolomite_io TGE news - being listed on Binance Alpha means the possibility of being listed on Binance (whether in contracts or spot trading).
This is very important for the bear chain (being on Alpha means Dolomite is negotiating with Binance, and the tokens airdropped to Alpha users are the key to getting listed on Binance). Because at this stage, the bear chain urgently needs high-quality ecological assets to alleviate the selling pressure of $BERA and attract investors into the bear chain ecosystem. Besides Dolomite, Infrared also has the possibility of being listed on Binance (Binance has invested in Infrared).
I feel like Binance's current strategy is to list projects with less funding on Binance Wallet IDO or Binance Alpha airdrop, and those with more funding on Binance Launchpool.
I. Dolomite Introduction
I have mentioned Dolomite many times before, so I will briefly introduce this lending project ranked third in Berachain TVL (ranked tenth in Arbitrum TVL).
As a lending protocol, Dolomite's core feature is the Dynamic Collateral mechanism, which allows users to retain the right to participate in other DeFi activities (staking, voting, etc.) while pledging their assets. For example, we can deposit $BERA into Dolomite while staking it in the bear chain Staking module to earn two types of income. This feature is very compatible with PoL, and they will later support iBGT (I will deposit my iBGT into Dolomite after the function goes online).
Dolomite also has a useful strategy center called "Strategies" - it allows users to use preset strategies to earn APR through collateral with one click.
II. TGE and Token Economics
$DOLO TGE is on April 24th, with a total token supply of 1B, initial circulation of 40.5% (including veDOLO), of which 50% of tokens will be airdropped to the community (including Boyco's veDOLO rewards).
$DOLO is a three-token model. $DOLO is the protocol's native token, veDOLO is the governance token that can participate in voting and receive income dividends. Users can also obtain oDOLO incentives by providing liquidity, and oDOLO can be used to purchase veDOLO at a discount.
III. Three Points I'm Bullish About
1. The first Berachain ecosystem token to be listed on Binance-related products - this is very important, as I have already broken down earlier. The Berachain team will definitely have a positive attitude towards Dolomite's TGE and will likely tilt resources towards Dolomite in the future.
2. Despite the drop in $BERA price, it still maintains a TVL of 744M, and the TVL will grow further after integrating iBGT. This collaboration is positive for both Dolomite and Infrared, and will generate more fee income for Dolomite, which will be distributed to veDOLO holders. In the future, Dolomite will launch more features, with its roadmap focusing on lowering product entry barriers (promoting product modularization, Zap, strategies, trading) and integrating more asset categories. These two aspects of expansion will bring potential fee income to Dolomite.
3. Dolomite Cofounder Corey is a technical advisor to the Trump DeFi project World Liberty Finance (the narrative value is self-evident).
The Berachain reversal will take time, and Dolomite's TGE is a very good signal. The next event I'm looking forward to is Infrared's TGE, which I feel will quickly pass through Binance Launchpool. I'll have a chance to discuss the Infrared project with everyone.
