Dolomite, a DeFi lending and borrowing protocol, is set to launch its platform on X Layer, an Ethereum-based Zero Knowledge (ZK) Layer 2 network by OKX. This move will bring new lending capabilities to users of the Polygon-powered X Layer.

The expansion to X Layer will allow Dolomite to introduce various yield-generating assets that have been popular in the DeFi space. By being present on X Layer, Dolomite aims to offer users sophisticated tools to maximize their capital.

Initially, Dolomite will support assets such as OKB, WETH, Tether (USDT), USD Coin (USDC), and Wrapped Bitcoin (WBTC) upon its release on X Layer. OKB, X Layer’s native token, plays a crucial role in the network by handling transaction fees and other services.

The collaboration with X Layer solidifies Dolomite's position as the leading lending protocol on the network, providing users with advanced features to explore. Corey Kaplan, one of Dolomite's co-founders, expressed excitement about the launch on X Layer, praising the team's dedication to building a ZK-based L2 network.

X Layer, developed using Polygon’s Chain Development Kit (CDK), leverages zero-knowledge technology to enhance its capabilities. By integrating with AggLayer, Polygon’s liquidity aggregation layer, X Layer can access liquidity from different Polygon chains.

While Dolomite is among the initial dApps to launch on X Layer, more applications are preparing to join the network. This expansion will provide OKX’s 50 million users with access to various applications in addition to Dolomite's lending protocol.