According to TechFlow, on July 23, the decentralized trading protocol DODO announced that it had voted on the Snapshot page to pass the DIP-20 proposal to "allocate 10 million DODO to incentivize BTC trading pairs on Select Chains."

Previously, in response to the recent surge in BTC Layer 2 activities, BTC staking protocols, and other BTCfi initiatives, the DODO team proposed to allocate and migrate 10 million DODO tokens to incentivize BTC trading pairs on multiple chains, including Ethereum, Arbitrum, BNB Chain, and Mantle, etc. It aims to use DODO's innovative Pegged Asset Pool to increase liquidity, attract large trading volumes, and generate income that can compensate for the incentives provided.