In 2021, I used 5,000 yuan to enter the cryptocurrency circle. At first, I was ignorantly speculating in altcoins. After the 519 crash, I lost a lot of money, losing 3,000 yuan. In mid-2021, I started to buy coinlist accounts to make money through public offerings, but the seller ran away and lost 2,000 yuan. So far, I have been in the cryptocurrency circle for half a year, collecting various information every day and making various efforts. Not only did I not make money, but I lost money. In September, dydx, a decentralized contract platform, airdropped, with a single number of more than 100,000, which shocked me. I decided to develop in the direction of airdrops. In October, because I didn’t have the principal, I didn’t dare to invest in Ethereum mainnet projects, so I started to invest in various low-cost airdrop projects. In December, a decentralized option project lyra airdropped. I got a 5,000 yuan airdrop because I said five sentences in the lyra discord group. I have been in the cryptocurrency world for a year now, and I barely break even. I have neither lost money nor made money, which delayed my studies.
In the first three months of 2022, I was buying airdrops, such as matcha, slingshot, clipper, superfluid, etc. As long as they were cheap, I would buy them (in fact, these projects have not airdropped yet)
#DODO助力Meme发行 @DODO
What can I do on DODO?
DODO provides a variety of DeFi tools◇including token trading, liquidity mining, token creation and initial liquidity, custom liquidity pool creation, etc. These tools, both DeFi staples and those created by the DODO team, implement features that make them unparalleled in security and efficiency, including the PMM algorithm and liquidity aggregation.
What is the PMM algorithm and how does it work?
Active market makers, or PMMs for short, are how DODO ensures that its trading pools and other services have sufficient liquidity. The PMM algorithm is a derivative of the popular AMM model, developed by the DODO team based on the central limit order book used in traditional finance.
The PMM algorithm ensures that there is sufficient liquidity at the latest market price by adjusting the price curve of an asset. For example, when the supply of an asset decreases, the PMM algorithm automatically increases the market price of that asset in the hope of buying back the missing inventory from the market. This ensures that the DODO trading pool has less impermanent loss and higher capital efficiency than similar AMM pools.