DODO - A Revolutionary Project In The Crypto Space
DODO is a decentralized exchange trading protocol for Web3, with the best liquidity to trade any asset across multiple chain platforms. It readily supports the single-token provision, reduces impermanent loss and brings in more stability. The Proactive Market Maker (PMM) algorithm helps provide liquidity pools, without strong capital requirements. This, with the advantage of diversified liquidity products and solutions, makes it an exciting proposition for all crypto-enthusiasts to explore without the fear of non-recoverable losses.
PMM was developed in-house by DODOâs team based on Automated Market Makers (AMMs) to improve capital efficiency by abstracting the book-based exchanges into a permissionless on-chain liquidity protocol. How DODOâs PMM stands out from the Traditional AMMs is its efficient and proactive distribution of asset ratio anticipating the market conditions. For e.g., using AMM to spread the crypto assets along the entire price range will result in funds nearest to market price getting fully utilized with the rest of the funds lying idle. This results in capital inefficiency.
Enter DODOâs PMM which imitates the behaviour of centralized exchanges, by actively shifting buy and sell orders by aligning with the current market price. These result in DODO pools which are flexible and adaptable according to different types of market use cases. Whatâs more, PMM can be configured to make use of external price oracles to reduce impermanent loss across multiple use cases â ranging from single-sided liquidity to fully customizable large-scale market-making strategies.
SmartTrade trading and Crowdpooling
DODO facilitates trading between two arbitrary tokens on the same network through SmartTrade, a decentralized liquidity aggregation service. This gives traders the best prices and optimal swap rates between any two tokens.#DODOEmpowersMemeIssuance #DODOtokens
