Dorado is a pioneer project in the DeFi world when it comes to developing Liquid staking and Restaking solutions on the Arbitrum network. So what is special about this project?
What is Dorado?
Dorado was born with the aim of revolutionizing the way users access and manage assets as the demand for flexible and efficient financial tools increases.
Dorado operates primarily in the field of Liquid staking and Restaking on the Arbitrum network. The project provides advanced financial solutions, focusing on developing tools that help users optimize the return on their investments. These solutions not only increase efficiency and security, but also help users take advantage of Arbitrum’s low transaction costs and scalability to optimize their investment and holding of assets.
Dorado Vision
Dorado’s mission is to redefine DeFi on the Arbitrum network through innovative Liquid staking and Restaking solutions. Inspired by sustainable economies and cutting-edge technology, Dorado aims to democratize access to finance for users globally.
Dorado provides seamless access to a wide range of tokens, ensuring maximum performance, security, and utility for users. Making them the foundation of innovation in DeFi, a symbol of empowerment and flexibility in asset management.
Dorado Staking and Restaking Mechanism
Staking
Dorado’s staking mechanism uses Arbitrum’s rollup technology to efficiently process off-chain staking transactions, providing users with LSD representing their staked assets, ensuring fast confirmation times and lower costs compared to Ethereum staking.
How it works
Deposit and receive LSD
- Users deposit staked assets (e.g. ETH) into the Arbitrum staking contract
- Users receive LSD representing staked assets, minted from the Arbitrum contract.
Updating to Ethereum Mainnet
- Transaction data from the Arbitrum staking contract is aggregated and evidence is sent to Arbitrum Rollup.
- Arbitrum Rollup compresses and optimizes the data, then sends it to the Ethereum mainnet
PoS on Ethereum Mainnet
- Ethereum validators verify the evidence from Arbitrum, ensuring the accuracy of off-chain transactions.
- Transactions are processed on Ethereum, including issuing staked assets (e.g. ETH) to an Ethereum escrow contract.
Withdrawals (when possible)
- When the withdrawal conditions are met, the user initiates a withdrawal transaction.
- LSD is burned and the user receives back the staked assets (e.g. ETH) along with the accrued interest.
Restaking
Users can receive DORAB tokens for staked LSDs, providing a flexible and efficient process for restaking while providing opportunities for utilization and optimization
How it works
Users deposit LSDs and receive DORAB
- Users holding LSDs can choose to restake their assets by depositing them into the Arbitrum restake contract.
- When depositing, users will receive DORAB tokens representing the assets they have restaken.
Arbitrum escrow contract
- The Arbitrum restake contract manages the restake process and interacts with the Arbitrum escrow contract to keep the restaked assets safe.
Withdrawals (when available)
- Similar to the staking process, users can initiate a withdrawal transaction when the restake period is complete or the withdrawal conditions are met.
- The withdrawal process involves burning DORAB tokens and the user will receive the staked LSD or assets, along with any rewards or interest accrued.
What makes Dorado’s restaking mechanism special?
- Advanced restaking mechanism: Dorado uses advanced techniques to mitigate risks in restaking such as smart contract vulnerabilities, market volatility, liquidity constraints, and regulatory uncertainty.
- Automated restaking: Automated restaking helps users maximize rewards by reinvesting staked assets across multiple pools or protocols, optimizing asset allocation and returns.
- Multi-protocol interoperability: Dorado allows users to access staking opportunities across multiple blockchain networks without directly interacting with the protocols.
- Integration with Arbitrum: Using Arbitrum’s rollup technology, Dorado significantly improves transaction throughput and cost efficiency compared to trading directly on Ethereum.
- DeFi ecosystem integration: This integration provides many opportunities for Dorado users, optimizing asset utilization and profit potential.
Dorado Partner Ecosystem
The Dorado ecosystem focuses on collaboration to drive innovation and expand opportunities in DeFi, with partners developing on:
Arbitrum
- Interest Rate Swaps: Help users hedge against interest rate volatility and optimize returns.
- LSD-backed Stablecoins: Expand liquidity and capital efficiency.
- Diversified LSDs: Help users diversify their portfolios and maximize returns.
- Money Markets: Provide flexible lending and borrowing options.
- DEXs: Enable swapping of staked assets with optimal efficiency.
Ethereum
- Lending Protocols: Use staked assets as collateral for borrowing or lending.
- Oracle Providers: Enhance the security and reliability of the staking mechanism.
Multi-Chain
- Bridge Providers: Facilitate multi-chain interactions, transferring assets between blockchains.
- Inter-Protocol Interoperability: Expanding utility and investment strategies between Dorado and other DeFi protocols.
Dorado expands collaboration across Arbitrum, Ethereum, and more to provide liquidity, yield opportunities, and financial products in the rapidly evolving DeFi landscape.
About DORAG & DORAB Tokens
The Dorado project has two tokens, DORAG and DORAB, with different functions.
DORAG Token
DORAG is Dorado’s governance token, empowering holders to participate in decisions, vote on governance proposals, upgrade protocols, and shape the future of the ecosystem. DORAG holders’ voting power is proportional to the amount of tokens they own.
DORAG represents the principles of transparency, accountability, and consensus-based decision-making. Users can propose and vote on protocol upgrades, governance, and strategic initiatives, aiming for an accessible, efficient, and fair financial system.
Tokenmetrics:
- Name: DORAG
- Function: Governance Token
- Total Supply: 100 Million DORAG
Allocation:
- Venture Capital: 9.5%
- Public Offering: 1.5%
- Liquidity Management: 4%
- Team: 10%
- Advisors: 7%
- Ecosystem Development: 25%
- Community Incentives: 18%
- Reserve Fund: 25%
DORAB Token
DORAB is a utility token in the Dorado ecosystem, allowing users to access platform features and functions. The token also facilitates transactions, rewards and incentives, increasing user participation and engagement.
Tokenmetrics:
- Name: DORAB
- Function: Utility Token
- Total Supply: 1 Billion DORAB
- Allocation:
- Venture Fund: 10%
- Ecosystem Development: 50%
- Liquidity Management: 10%
- Community Incentives: 10%
- Reserve Fund: 20%
Roadmap
1H2024: Genesis Launch
- Staking & Restaking Platform Launch: Introduce a staking and restaking platform, providing access to staking protocols for rewards.
- Implement Referral Program: Incentivize users to refer friends to Dorado and receive rewards.
- Expand DEX Listings and Integrations: Secure listings on major exchanges and integrate with DEXs for increased accessibility and liquidity.
2H2024: Security & Cross-Chain Expansion
- Enhanced Security Measures: Enhance security through smart contract auditing and partnerships with leading security companies.
- Cross-Chain Interoperability and Expansion: Collaborate with other DeFi and blockchain projects, deploy cross-chain bridges for seamless asset transfers.
- Cross-Chain Liquidity Pool: Introduce cross-chain liquidity pools that enable staking of assets from multiple blockchains.
2025
- Introduce DAO Governance: Empower the community in decision-making and protocol improvement through DAO Governance.
- Establish network entities: Establish Dorado Stakers, Operators, and Actively Validated Services (AVS) to enhance security, decentralization, and operational efficiency.
2026
- Continuously upgrade the platform: Expand the platform’s features and functionality based on community feedback and market demand.
- Optimize cross-chain interoperability: Enhance interoperability protocols and infrastructure to maximize asset flexibility and mobility.
- Innovate and sustain leadership: Maintain leadership in DeFi staking through adaptation and innovation.
Dorado Referral Program
Dorado’s referral program allows users to earn exclusive rewards and income while building the DeFi community.
- Direct Referral Commission: Earn commissions from your referrals’ restaking packages, with a flexible structure distributed across multiple tiers.
- Profit Commission: Earn additional income from your referrals’ profits in the restaking pool, calculated for the first 6 months from the date of NFT purchase, adjustable based on transaction.
- Advanced Ranking System: Increase your earning potential and receive exclusive rewards through the ranking system, with each tier offering higher commission rates and special rewards.
Social Media
- Website: https://dorado.finance/
- X: https://x.com/dorado_fi
- Telegram: https://t.me/doradochannel
- Community: https://t.me/dorado_chat
Disclaimer
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