{"id":25321,"date":"2023-12-28T21:50:57","date_gmt":"2023-12-28T21:50:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/defi-protocol-dolomite-launches-varb-brings-dual-functionality-to-arb-holders\/"},"modified":"2023-12-28T21:50:57","modified_gmt":"2023-12-28T21:50:57","slug":"defi-protocol-dolomite-launches-varb-brings-dual-functionality-to-arb-holders","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/defi-protocol-dolomite-launches-varb-brings-dual-functionality-to-arb-holders\/","title":{"rendered":"DeFi protocol Dolomite launches vARB, brings dual functionality to ARB holders"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675177122158-8202db09-c8fc-43c6-acc1-3c14a5ecf384-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675177122158-8202db09-c8fc-43c6-acc1-3c14a5ecf384-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675177122158-8202db09-c8fc-43c6-acc1-3c14a5ecf384-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675177122158-8202db09-c8fc-43c6-acc1-3c14a5ecf384-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Dolomite says vARB is a \u201cvote-enabled ARB\u201d token that will allow holders to participate in Arbitrum\u2019s governance through voting.<\/li>\n<li dir=\"ltr\">While it cannot be lent or borrowed, vARB means users can use their ARB collateral to vote.<\/li>\n<\/ul>\n<p dir=\"ltr\">DeFi protocol Dolomite has launched vARB, a \u201cvote-enabled ARB\u201d token that allows holders participate in governance voting on the Arbitrum network.<\/p>\n<p dir=\"ltr\">vARB is not a new token, and is non-transferable and non-tradable. Unlike ARB, users won\u2019t be able to lend or borrow this token, the protocol said in a <a href=\"https:\/\/newsdirect.com\/news\/defi-protocol-dolomite-launches-varb-bringing-dual-functionality-to-arb-token-holders-571477875\" rel=\"noopener noreferrer\" target=\"_blank\">press release<\/a> shared with CoinJournal.<\/p>\n<p dir=\"ltr\">However, vARB will allow holders to tap into ARB tokens deposited as collateral to access governance and voting rights on Arbitrum.<\/p>\n<h2 dir=\"ltr\">Amplify ARB voting power<\/h2>\n<p dir=\"ltr\">According to Dolomite, vARB will be held in \u201cisolation mode\u201d on the protocol, with users able to use them for voting on Arbitrum. That\u2019s not possible with the ARB locked in liquidity pools and used for lending and borrowing. As it stands, ARB locked in <a href=\"https:\/\/coinjournal.net\/news\/tag\/defi\/\">DeFi<\/a> protocols such as Aave or Compound cannot be used in governance votes.<\/p>\n<p dir=\"ltr\">vARB makes this possible as users can use the same ARB for voting and for lending and borrowing by easily converting their ARB to vARB. The token however does have another advantage \u2013 holders can use it to amplify their votes\u2019 weight.<\/p>\n<p dir=\"ltr\">To achieve this, users deposit vARB as collateral, getting to borrow more ARB. They can then swap the additional ARB for vARB, with this possible up to five times. As stated in the announcement, holders face no risk of liquidation from price movements given the value of vARB remains the same as that of ARB.<\/p>\n<p dir=\"ltr\">Arbitrum continues to grow as one of Ethereum\u2019s most dominant Layer-2 networks. The network launched its ARB token in March and has over $2.4 billion in Total Value Locked (TVL) as of December 28, 2023.\u00a0<\/p>\n<p dir=\"ltr\">The price of ARB was $1.52, up by more than 32% in the past week as <a href=\"https:\/\/coinjournal.net\/news\/crypto-price-prediction-arbitrum-solana-axie-infinity\/\">analysts predict<\/a> a potential surge to $2.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/defi-protocol-dolomite-launches-varb-to-bring-dual-functionality-to-arb-holders\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Dolomite says vARB is a \u201cvote-enabled ARB\u201d token that will allow holders to participate in Arbitrum\u2019s governance through voting. While it cannot be lent or borrowed, vARB means users can use their ARB collateral to vote. DeFi protocol Dolomite has launched vARB, a [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25321"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25321"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25322"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}