1H
-0.04%$0.0000
24H
-0.66%$0.0001
7D
15.8%$0.0024
30D
14.4%$0.0022
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.
In this guide, you will learn all the ins and outs of arbitrage trading, see how it is implemented in the crypto industry and find out if this trading technique is worth the effort at all.
The guide gives a clear picture of Vega Protocol that strives to be one of the core infrastructures of decentralized finance, just like Ethereum. It aims to build tools that guarantee the freedom to trade and make that freedom accessible to anyone on earth.