British Virgin Islands, British Virgin Islands, April 29th, 2024,

DeFi lending and borrowing protocol Dolomite has revealed its integration with X Layer, an Ethereum-based Zero Knowledge (ZK) Layer-2 (L2) network offered by OKX. By joining forces with X Layer, Dolomite aims to introduce robust asset lending features to users of the X Layer network that is fueled by Polygon.

Dolomite's aim is to duplicate the success it achieved on Arbitrum, becoming the fourth-largest lending market there and supporting the most number of assets in the lending market. This endeavour will bring the same advanced infrastructure to X Layer, allowing integration of various yield-generating assets that have propelled the DeFi sector's growth in the past year.

The expansion of Dolomite to X Layer will convert it into a multi-chain protocol, offering X Layer users access to sophisticated tools for unlocking idle capital. The initial launch on X Layer will support OKB, WETH, USDT, USDC, and WBTC. OKB acts as X Layer's native token, used for transaction fees and network operations.

Introducing Dolomite to X Layer will bring a crucial DeFi element to the L2 network, laying a foundation for further financial activities. This collaboration will establish Dolomite as the premier lending protocol on X Layer, encouraging users to explore and utilize its advanced functionalities.

According to Corey Caplan, co-founder of Dolomite, the team is thrilled about the launch on X Layer. They express admiration for the OKX team's efforts in constructing an L2 utilizing zk technology, showing their support for the ecosystem and facilitating widespread DeFi adoption.

X Layer, developed with Polygon's Chain Development Kit (CDK), utilizes zero-knowledge technology, offering an enhanced user experience through connections with AggLayer, Polygon's liquidity aggregation layer that sources liquidity from various Polygon chains.

Being among the pioneering dApps to debut on X Layer, Dolomite will be joined by numerous others soon, laying the groundwork for an array of applications available for OKX's 50 million users upon their transition to X Layer.

About Dolomite

Dolomite functions as a next-gen decentralized money market protocol and DEX, delivering broad token support and capital efficiency via its virtual liquidity system. Through a combination of DEX, lending protocol, and capital-efficient DeFi solution, Dolomite offers a highly modular platform.

About X Layer

X Layer is a ZK-powered Layer 2 network that links the OKX and Ethereum communities, enabling participation in a global on-chain ecosystem. Powered by Polygon CDK, X Layer offers near-instant finality, unified liquidity, and independent data availability.

This article was originally published at Optimisus.