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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.

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Coin’s Details

  • Market Capitalization

    $368.40 M

  • Fully diluted valuation

    $1.63 B

  • Volume 24H

    $96.57 M

  • Circulating supply

    226 366 155

  • Total supply

    1 000 000 000

  • Circ. percent

    22.6%

  • All-time high

    $8.38 (-80.7%)

  • All-time high date

    Feb 20th, 2021

  • All-time low

    $0.1508 (973%)

  • All-time low date

    Dec 18th, 2020

  • First announced

DODO News