Minerals
A completed program that recognized loyal liquidity providers. Minerals collected during the program can be used for the DOLO Options Airdrop.
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A completed program that recognized loyal liquidity providers. Minerals collected during the program can be used for the DOLO Options Airdrop.
Last updated
Was this helpful?
The Minerals program ended Thursday January 10th at 0:00 UTC:
The deadline to claim your Minerals is January 23rd 2025.
Only CLAIMED Minerals count for the $DOLO Options Airdrop.
As of January 10th at 0:00 UTC the Minerals Program has ended, making way for a new era of recognizing the loyal liquidity providers supporting Dolomite.
Minerals recognized the loyalty of providing liquidity on Dolomite throughout its program lifetime. Liquidity providers on Dolomite dynamically earned Minerals the longer they provided liquidity. With these Minerals, liquidity providers received XP rewards and competed against others on the Minerals Leaderboard. Now those minerals can be used for the Dolomite Options Airdrop.
Moving forward, rewards for providing liquidity will take the form of oDOLO. Similar to Minerals, oDOLO rewards users that hold select assets within their Dolomite Balance or as collateral within Borrow Positions.
Dolomite is providing $DOLO Call Options to retroactively recognize the loyalty and commitment of Minerals program participants at the $DOLO Token Generation Event.
Allocation: 10% of the DOLO supply is allocated to Minerals claimers as call options. Individual allocation is proportional to the Minerals held.
Purchase Price: Minerals holders can buy DOLO at $0.045 per token, representing a $45M Fully Diluted Valuation (FDV). This is $15M below the last capital raise valuation.
Exercise Window: Minerals participants will have 6 months exercise their options— which can be done in whole, or in parts.
The Dolomite DAO sells these options to bootstrap initial protocol-owned liquidity, while also supports long-term ecosystem engagement.
The Minerals program has ended as of January 10th, 2025, however if you are interested in the no-longer active program, the following section will outline how it worked.
Minerals are non-transferrable ERC-20 tokens that can be collected weekly as part of Dolomite's Minerals loyalty program. The collectable amount depends on the volume of qualifying assets you provide as liquidity on Dolomite. Minerals hold no value and can't be traded. Accumulating minerals allows you to hit various to earn XP, and allows you to compete with other Dolomite users by trying to place higher on the Minerals leaderboard.
Balances - Below your total minerals collected you can see your USDC and ETH balances. USDC and ETH borrowing is at the core of many strategies being performed on Dolomite, and as such are the two assets that earn you minerals. Your USDC, ETH and WBTC balances shown here reflect USDC, ETH and WBTC in your as well as any qualifying assets you hold as collateral in your .
The currently aggregates or combines all Minerals earned across all chains. By achieving a milestone (i.e. 1,000, 100,000, 5M and 50 M), you earn an amount of , which can be claimed by clicking on the green XP text (i.e. 10XP) on the progress bar.