Just now, the Federal Reserve announced unemployment benefits. This is the first data after the 50 basis point rate cut. It will reflect whether the rate cut has really curbed inflation.
Data shows that the number of people applying for unemployment benefits that week was 219,000, the expected value was 230,000, and the previous value was 231,000. The announced value is less than the expected value, which is bearish.
This unemployment benefit is the lowest since the week of May 18, 2024. It seems that the rate cut has really landed softly.
The benefits of the rate cut are about to begin. You can take a look at @DODO :
DODO is a decentralized finance (DeFi) protocol that provides a variety of unique product features and use cases. Especially in the current Meme coin craze, its multi-chain one-click coin issuance function and the upcoming Meme platform may attract a large number of users.
DODO's main product features
1. Active Market Maker (PMM) Algorithm: The PMM algorithm adopted by DODO is designed to provide better liquidity and price stability than traditional automated market makers (AMM). It uses oracles to obtain market prices, thereby reducing price slippage and temporary losses.
2. One-click coin issuance function: Users can easily create their own tokens, which is especially important for new projects. Through DODO's platform, project teams only need to deposit their own tokens to conduct initial coin offerings (IDOs), which lowers the threshold for issuance.
3. Anchor pool and autonomous mining: DODO provides an anchor pool function that allows users to anchor assets in the liquidity pool and obtain income through an autonomous mining mechanism. This design encourages users to participate in liquidity provision, thereby enhancing the overall liquidity of the platform.
Support for the development of BTCFi assets and Meme coins
1. Reduce issuance costs: The one-click coin issuance function enables new projects to enter the market at a lower cost, attracting more developers to participate in the creation of Meme coins.
2. Enhanced liquidity: Through the active market maker algorithm, DODO is able to provide better liquidity, which is especially important for emerging Meme coins because they are often faced with higher price fluctuations.
3. Community participation: Autonomous mining and anchor pool functions encourage user participation, which helps to build an active community, thereby promoting the use and value of Meme coins.
