$0.17
1H
-1.43%$0.0024
24H
0.09%$0.0002
7D
14.0%$0.0206
30D
-56.4%$0.2173
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.
Proximity, NEAR Protocol’s Grant DAO, makes its first major investment with its funding DODO’s launch. With its clean UX, powerful Proactive Market Maker algorithm, and capital-efficient liquidity, DODO will be the blue-chip DEX on NEAR.
Kryptomon has partnered with DODO to unveil its KMON-BNB Liquidity Mining campaign.
Impulseven provides a versatile Yield Farming platform that pays out competitive annual percentage yields in VEN tokens.
Globe will organize its May 4, 2021 Initial DEX Offering on Ignition, Superfarm, and DODO platform.