{"id":22497,"date":"2025-03-28T10:27:14","date_gmt":"2025-03-28T08:27:14","guid":{"rendered":"https:\/\/forklog.com\/en\/dolomite-defi-protocol-expands-into-bitcoin-ecosystem\/"},"modified":"2025-03-28T10:27:14","modified_gmt":"2025-03-28T08:27:14","slug":"dolomite-defi-protocol-expands-into-bitcoin-ecosystem","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dolomite-defi-protocol-expands-into-bitcoin-ecosystem\/","title":{"rendered":"Dolomite DeFi Protocol Expands into Bitcoin Ecosystem"},"content":{"rendered":"<p>The decentralized lending platform Dolomite is launching within the Bitcoin ecosystem through the integration of the EVM-compatible Layer 2 solution Spiderchain from Botanix Labs.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re excited to announce that Dolomite is expanding to <a href=\"https:\/\/twitter.com\/BotanixLabs?ref_src=twsrc%5Etfw\">@BotanixLabs<\/a>! ?\ufe0f<\/p>\n<p>The first decentralized EVM L2 on Bitcoin will be the newest home for our next-gen money market protocol, bringing DeFi-native rights to the Bitcoin ecosystem.<\/p>\n<p>\u2935\ufe0f\u2935\ufe0f <a href=\"https:\/\/t.co\/tlJOVyJWVx\">pic.twitter.com\/tlJOVyJWVx<\/a><\/p>\n<p>\u2014 Dolomite ?\ufe0f (@Dolomite_io) <a href=\"https:\/\/twitter.com\/Dolomite_io\/status\/1905259902219817253?ref_src=twsrc%5Etfw\">March 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The protocol offers money market services and a decentralized exchange. The value locked in Dolomite&#8217;s smart contracts exceeds $800 million.<\/p>\n<p>According to the statement, the platform will join existing projects on the Botanix network, such as Chainlink, Ankr, and Graph Protocol, to &#8220;help unlock the vast potential of the Bitcoin ecosystem, valued at over $1 trillion, for DeFi applications.&#8221;<\/p>\n<p>In December 2024, developers from Botanix Labs <a href=\"https:\/\/u1f987.com\/en\/news\/botanix-labs-launches-testnet-for-bitcoin-based-l2-solution-spiderchain\">launched<\/a> the Aragog testnet and are on the path to creating the mainnet. The protocol employs innovations like the FROST (Flexible Round-Optimized Schnorr Threshold) cryptographic signature. This is a type of multisig technology that combines shares from multiple key holders into a single address.<\/p>\n<p>In September 2023, the Spiderchain concept caught the attention of Casa co-founder and CTO Jameson Lopp. The expert generally praised Botanix&#8217;s Bitcoin scaling solution, which could open the DeFi space for the first cryptocurrency.<\/p>\n<p>However, Lopp noted several potential risks, including a tendency towards centralization inherent in Proof-of-Stake blockchains.\u00a0<\/p>\n<p>The network is governed by so-called &#8220;orchestrators,&#8221; who stake Bitcoin to participate in the consensus mechanism. Unlike traditional sidechains, Spiderchain generates a new multisig wallet for each block with a randomized subset of validators as key holders.<\/p>\n<p>Earlier, ForkLog explored the development of DeFi in 2024 in a special <a href=\"https:\/\/u1f987.com\/en\/news\/bear-market-consolidation-and-a-renaissance-defi-in-2024\">report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized lending platform Dolomite is launching within the Bitcoin ecosystem through the integration of the EVM-compatible Layer 2 solution Spiderchain from Botanix Labs. We&#8217;re excited to announce that Dolomite is expanding to @BotanixLabs! ?\ufe0f The first decentralized EVM L2 on Bitcoin will be the newest home for our next-gen money market protocol, bringing DeFi-native [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1093,1179],"class_list":["post-22497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-defi","tag-layer-2-solutions"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=22497"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/22496"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=22497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=22497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=22497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}