1H
0.19%$0.0001
24H
-2.00%$0.0007
7D
-12.0%$0.0044
30D
-26.5%$0.0117
DODO is a Chinese decentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM).
The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage and negate impermanent loss by allowing arbitrage trading as reward.
DODO also caters for new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens.
DODO’s smart contract operates as an ERC20 token on the Ethereum network.
The guide deals with a novel liquidity pool platform SushiSwap, which is an Ethereum-based decentralized exchange (DEX) with an Automated Market Making system (AMM).
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