Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»DeFi protocol Dolomite launches vARB and offers dual functionality to ARB holders.
TRADING NEWS

DeFi protocol Dolomite launches vARB and offers dual functionality to ARB holders.

By Crypto FlexsDecember 29, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
DeFi protocol Dolomite launches vARB and offers dual functionality to ARB holders.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Dolomite says vARB is a “voting ARB” token that allows holders to participate in Arbitrum’s governance through voting.
  • vARB cannot be borrowed or borrowed, but means users can vote using ARB collateral.

DeFi protocol Dolomite has launched vARB, a “voting ARB” token that allows holders to participate in governance voting on the Arbitrum network.

vARB is not a new token and is non-transferable and non-tradable. Unlike ARB, users cannot lend or borrow these tokens, the protocol said in a press release shared with CoinJournal.

However, vARB allows holders to utilize ARB tokens deposited as collateral to access Arbitrum’s governance and voting rights.

ARB Amplifies Voting Rights

According to Dolomite, vARB will remain in “isolated mode” on the protocol and users will be able to use it for Arbitrum voting. This is not possible if ARBs are locked in liquidity pools and used for lending and borrowing. As it stands, ARBs pegged to DeFi protocols like Aave or Compound cannot be used for governance voting.

vARB makes this possible as users can easily convert ARB to vARB and use the same ARB for voting and lending. But tokens have another advantage. Holders can use it to amplify their voting weight.

To achieve this, users can deposit vARB as collateral and borrow more ARB. Additional ARBs can then be replaced with vARBs, up to 5 times. As stated in the announcement, the value of vARB will remain the same as the value of ARB, so holders will not face liquidation risk due to price fluctuations.

Arbitrum continues to grow as one of the most dominant Layer-2 networks on Ethereum. The network launched the ARB token in March and has a total value locked (TVL) of over $2.4 billion as of December 28, 2023.

ARB’s price is $1.52, up more than 32% in the past week as analysts predict a possible surge to $2.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025
Add A Comment

Comments are closed.

Recent Posts

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025
Most Popular

Bitcoin address checksum

December 23, 2023

Chaingpt and Binance Pay Pay Way Words Prize Event

February 4, 2025

Kraken Pro Futures adds Take Profit/Stop Loss orders for improved risk management.

July 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.