DODO is a decentralized exchange (DEX) that operates on various blockchain networks, such as Ethereum, Binance Smart Chain, and Polygon. It differentiates itself from traditional DEXs like Uniswap by using a unique liquidity protocol called **Proactive Market Maker (PMM)**, which is designed to offer more efficient pricing and better capital utilization.
### Key Product Features of DODO:
1. **Proactive Market Maker (PMM)**:
- Unlike the traditional automated market maker (AMM) model that depends on constant product formulas (e.g., Uniswap's x*y=k), DODOâs PMM model adjusts prices proactively based on market conditions.
- This helps to reduce slippage for traders and improve capital efficiency for liquidity providers.
- PMM mimics the behavior of centralized order books more closely, offering tighter spreads between buy and sell prices.
2. **SmartTrade**:
- DODO aggregates liquidity from multiple DEXs and liquidity sources, enabling users