š³ļø veDOLO: Empowering Dolomiteās Community š
Dolomite introduces veDOLO, a vote-escrowed token that strengthens governance and ensures community-driven decision-making ā” Users lock $DOLO for a defined period to earn veDOLO, gaining voting power on key protocol actions ā
With veDOLO, holders can influence lending pool assets, interest rates, fees, and approve strategic upgrades or partnerships šļø This system aligns long-term commitment with governance, discouraging short-term speculation while boosting user engagement š”
Participation also brings enhanced rewards ā staking and lending returns are often higher for veDOLO users, creating incentives for active involvement š
For DAOs, institutions, and individual participants, veDOLO provides a transparent framework to guide treasury allocation, risk management, and liquidity strategies š
In essence, veDOLO transforms token holders into active stakeholders, fostering resilience, adaptability, and sustainable growth in Dolomiteās DeFi ecosystem š
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