In 2024, DODO will greatly improve its capacity to facilitate omni-chain trading of assets like as Ethereum tokens and Bitcoin by becoming a prominent DEX on DODOchain.
With its sophisticated Layer3 architecture, Trusted Bridges, and DODO Core Trading Engine, DODOchain enables the omni-trading experience.
DODO's strategic alliance with DODOchain will increase its exposure in the market, the number of transactions it processes, and its income. It will also open doors to new possibilities by facilitating more in-depth interactions with a wider range of protocols and funds.
âHey there!
DODO is a decentralized platform that allows users to trade on many blockchains simultaneously. With its unique support for Ethereum rollups and Bitcoin Layer 2s, users may trade Ethereum and Bitcoin tokens, yields, and points on one platform, and they can also take advantage of restaking incentives provided by ecosystem partners.
By 2024, when DODOchain is live, DODO is going to be one of the main exchanges on the network, driven by cutting-edge software like AltLayer, Arbitrum, and EigenLayer. This new strategic direction will undoubtedly improve trading conditions, provide new incentives, and solidify DODO's position in the decentralized financial ecosystem.
âThe Past of DODO
The DODO platform first emerged with the innovative Proactive Market Maker (PMM) algorithm, which aimed to enhance exchange rates for mainstream assets and greatly increase capital efficiency by centering liquidity around oracle prices. The goal was to transform the DeFi area. Since then, DODO has seen constant evolution, including powerful features as the DODOX Swap Aggregator, Limit Orders, Launchpad, Token Creator, and Trading Widgets.
âFeatures That Are Crucial
The PMM algorithm, developed by DODO, is the backbone of their invention since it creates liquidity pools with a very low capital need. Support for single-token liquidity supply in this system significantly reduces slippage and temporary loss.
The 'k' parameter, which regulates the sensitivity of pricing to changes in asset availability, is crucial to the PMM's efficacy. Prices respond more forcefully with a larger 'k' value, resulting in greater price swings, while price fluctuations are smoothed down with a lower 'k' value.
Dodom has consistently improved its services via various incarnations. Stablecoin trading benefits greatly from the strong and dependable liquidity that DODO V1 developed. With the release of DODO V2, the system became more accessible, enabling users to create their own liquidity pools suitable for various purposes. These pools might range from general trading to more niche ones, such as the DODO Stable Pool for stablecoins, the DODO Private Pool for mainstream tokens, or the DODO Vending Machine for unique assets. The third version of DODO, which will be available to professionals in 2023, will improve strategies, divide up revenues between strategy and liquidity providers, and include security features like collateralization.
âWhat Is The Process?
Even if a blockchain network isn't EVM-compatible, you can still trade efficiently and smoothly using DODO, as it drives the DODOchain omni-trading center. Layer3 architecture, Trusted Bridges, and the DODO Core Trading Engine form the backbone of the system.
âDODO's Main Trading Platform
The DODO Core Trading Engine is at the heart of the DODOchain; it employs advanced market-making algorithms to guarantee optimum pricing and liquidity on any blockchain. Trading circumstances are always favorable since prices are constantly adjusted according to asset supply and demand.
âReliable Connectors
Trusted Bridges, which play a crucial role in transaction processing, choose the most secure and efficient bridges to optimize trade channels across chains. These bridges make cross-chain transactions easier and cheaper for consumers, increasing their accessibility and security.
âThird-Layer Framework
Modern innovations like Arbitrum Orbit have improved the Layer3 architecture, which speeds up transaction processing by integrating liquidity and executing orders efficiently. Safeguarding the integrity and safety of cross-chain trade operations, the incorporation of EigenLayer inside this architecture increases security.
âMethods for Investing
When a user decides on an asset and a trading quantity, the procedure begins. In a flash, the DODO Core Trading Engine determines the optimal trading path and price.
Based on the present circumstances and security measures, a Bridge Aggregator selects the optimal cross-chain bridge.
After that, the user may finish the deal easily by accessing their assets right away.
Tokenomics for DODO
DoDo Coin on the DoDo Exchange
Careful planning went into the construction of the DODO token so that it could propel growth and extract value from the DODO DEX. In its primary role as a governance token, DODO grants holders the ability to vote on different proposals and participate in Crowdpooling events and Initial DEX Offerings (IDOs) with advantages. Extra perks include a cut of the transaction costs and access to special prizes. Token circulation on Ethereum, BNB, and Arbitrum, among others, allows for extensive use throughout the decentralized financial ecosystem.
âFunction of DODO in DODOchain
Since DODOchain became live, the DODO token's potential uses have grown exponentially, especially for staking. Staking DODO, which produces basic staking benefits, allows token holders to participate more actively in the platform's evolution and connect with it on a more personal level.
âBoosting DODO's Potential using DODOchain
Improved liquidity and trading efficiency across the blockchain ecosystem has always been DODO's primary goal. A major step toward this objective has been accomplished with the release of DODOchain, which sets the stage for DODO to develop into an Omni Trading DEX. By integrating with Bitcoin and Ethereum's Layer 2 networks, DODO may now serve as a central hub for liquidity consolidation across chains and the direct trade of several assets inside these ecosystems.
#DODOEmpowersMemeIssuance @DODO $DODO
