Doma Protocol Launches Mainnet, Bringing $360B Domain Industry Into DeFi Ecosystem

Doma Protocol has launched its mainnet, introducing blockchain infrastructure designed to convert traditional Web2 domain names, like .com and .ai, into programmable DeFi assets via tokenization. Operating as a Layer 2 on the OP Stack and integrating with LayerZero across chains like Base and Solana, Doma allows for fractional ownership and ERC-20 trading of these domains while preserving existing DNS resolution and adhering to regulations.

The initiative addresses the significant liquidity gap in the massive domain name market, which has over 368 million registered domains but suffers from fragmented and illiquid secondary sales. Unlike alt-root systems, Doma is fully DNS-compliant, introducing Domain Ownership Tokens (DOTs) and Domain Service Tokens (DSTs) to maintain utility. Following a successful testnet phase with millions of transactions, the protocol is now focusing on integrating yield opportunities and lending pools via the Mizu Launchpad, contingent on domain holders and DeFi users embracing tokenized domains as viable assets.

(Source：BeInCrypto)