dolomite.io Scam Check: 25/100 Trust | ScamMinder

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Detailed Analysis Report: Is dolomite.io Safe and Legit? Website Overview and Purpose Dolomite.io is a cryptocurrency lending and borrowing platform that claims to support over 1,000 unique assets. The site promotes itself as a comprehensive decentralized finance (DeFi) platform, allowing users to lend, borrow, and earn on various digital assets while retaining their DeFi-native rights. Content Quality and User Experience Key Experience Highlights Offers a wide range of lending and borrowing options for various cryptocurrencies. Claims to provide high annual percentage yields (APY) on staked assets. Promotes a user-friendly interface for both mobile and desktop users. Includes documentation and a quick start guide for new users. Claims Verification and Red Flags ⚠️ Red Flags Detected Several red flags have been identified that raise concerns about the legitimacy of Dolomite.io: Unregulated Financial Services: The platform operates in a high-risk financial sector without clear regulatory oversight, which is typical for many cryptocurrency platforms. High APY Claims: The site advertises extremely high APYs (up to 133.73%), which are often unrealistic and indicative of potential Ponzi schemes. New Domain: The domain is 7 years old, but the lack of a clear operational history raises questions about its legitimacy. Missing Transparency: There is no verifiable company information, physical address, or contact details provided, which is a significant red flag for any financial service. Vague Security Claims: While the site mentions audits, it does not provide specific details or links to audit reports, which are crucial for trust in financial platforms. ⚠️ Caution Points Users should be cautious about investing in platforms that promise high returns without clear regulatory backing. Verify the legitimacy of any claims made regarding asset security and platform audits. Security Note: The site uses a DV SSL certificate issued by WR3, which is common but does not guarantee legitimacy. Legitimacy and Reputation Assessment The domain has been operational for 7 years , but there is a lack of consistent archive history, which raises concerns about its operational transparency. The site is hosted in the US, but the absence of a clear regulatory framework and the high-risk nature of its business model contribute to its low trustworthiness. Final Verdict and Recommendations Conclusion: Based on the identified red flags and the overall lack of transparency, Dolomite.io appears to be a high-risk platform. Users are advised to exercise extreme caution and consider alternative, more reputable platforms for cryptocurrency lending and borrowing. Best practices include thorough research, verifying claims independently, and avoiding platforms that lack regulatory oversight.

• [GUARDRAIL] No deterministic evidence for scam; downgrading to warning
• [REGULATORY] Unregulated financial services operating in a high-risk sector.
• [CLAIMS] High APY claims that are often unrealistic.
• [TRANSPARENCY] Missing company information and contact details.
• [SECURITY] Vague security claims without specific details or links to audit reports.

• [REGULATORY] The platform operates in a high-risk financial sector without clear regulatory oversight, typical for many cryptocurrency platforms.
• [CLAIMS] The site advertises extremely high APYs (up to 133.73%), which are often unrealistic and indicative of potential Ponzi schemes.
• [DOMAIN HISTORY] The domain is 7 years old, but the lack of a clear operational history raises questions about its legitimacy.
• [TRANSPARENCY] There is no verifiable company information, physical address, or contact details provided, which is a significant red flag for any financial service.
• [SECURITY] The site uses a DV SSL certificate issued by WR3, which is common but does not guarantee legitimacy.

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