What is $DODO ?
DODO is a decentralized trading platform that uses the innovative Proactive Market Maker (PMM) algorithm to provide efficient on-chain liquidity for Web3 assets, making it easy for everyone to issue and trade these assets. It provides competitive prices for DEX traders and reduces impermanent loss for liquidity providers. In addition, DODO offers a zero barrier-to-entry token issuance mechanic.
What can I do on DODO?
DODO offers a variety of DeFi tools, including token trading, liquidity mining, token creation and initial liquidity, custom liquidity pool creation, and more. These tools, both DeFi staples and those created by the DODO Team, implement features that make them unparalleled in safety and efficiency, including the PMM algorithm and liquidity aggregation.
What is the PMM algorithm and how does it work?
The Proactive Market Maker, also known as the PMM, is DODO’s way of ensuring ample liquidity for its trading pools and other services. The PMM algorithm, a derivation of the popular AMM model, was developed by the DODO Team based on the central limit order books used in traditional finance.
The PMM algorithm works by adjusting the price curve of an asset to ensure that there is ample liquidity at the most up-to-date market price. For example, when the supply of an asset decreases, the PMM algorithm automatically increases the market price for this asset in anticipation of buying back the missing inventory from the market. This ensures that DODO trading pools have much less impermanent loss and improved capital efficiency compared to similar AMM pools.
What is DODO X?
DODO X emerges as a cutting-edge solution in the world of decentralized finance, serving as both a super aggregator and a cross-chain trading platform.
A standout feature of DODO X is its comprehensive liquidity utilization. The platform harnesses liquidity not only from DODO pools but also from various other sources, including prominent platforms like Uniswap. Additionally, DODO X integrates quotes from third-party aggregators such as 1inch and 0xAPI, ensuring users have access to the most competitive rates available across the market.
When it comes to cross-chain transactions, DODO X truly shines by aggregating multiple cross-chain bridges. This functionality enables the platform to identify the most optimal routes for users, ensuring transactions are completed with minimal waiting time and fees.
What is DODO Toolbox?
DODO Toolbox is a robust collection of features designed to empower users in the decentralized finance (DeFi) space. This suite integrates two key functionalities: Create Token and Liquidity Mining, each catering to different aspects of the DeFi ecosystem.
Create Token
This tool allows users to effortlessly create their own ERC20 tokens on the EVM compitable blockchain. It offers a user-friendly interface for setting up key token parameters like total supply, token name, and decimals. Additional features like "Burn," "Trading Fees," and "Supply Increase" provide further customization, making token creation both accessible and versatile.
Liquidity Mining
You can create your own liquidity mining campaign on DODO with a few clicks. It offers two forms of mining: Single Coin Mining, where users stake tokens without the risk of principal loss. And LP Market Making Mining, involving adding funds to liquidity pools with potential principal risks. These options cater to different risk appetites and strategies.
What is Crowdpooling?
Crowdpooling, a portmanteau of the phrases "crowdfunding" and "liquidity pool", is a way to distribute tokens and initiate liquid markets that's available to everyone. Inspired by the call auction mechanism common in securities markets, Crowdpooling’s liquidity protection period and equal opportunity investment features ensure that there is no rush of experts or bot interference, like with other liquidity offering methods available today on DEXs.
What is DODO Stable Pool?
The DODO Stable Pool (DSP) is an innovative solution crafted to enhance the experience of liquidity providers (LPs) in the realm of stablecoin exchanges.
DSPs are also suitable for synthetic assets, which encompass a wide range of assets that maintain their price by linking it to a specific target through various mechanisms. Examples include USDT, USDC, BUSD, and DAI, all of which are anchored to USD; WBTC is anchored to Bitcoin, while stETH is anchored to ETH. The exchange rates between these similarly anchored coins remain highly stable and typically hover around 1:1. A DSP establishes a curve that concentrates liquidity at the anchored price, aligning with the pattern observed in the synthetic asset market and thereby providing abundant liquidity.
If your project issues its own USD stablecoin or any other synthetic asset (such as sBTC), you can utilize a DSP to enhance its liquidity. Compared to a regular AMM pool, this curve enables your stablecoin to gain 10x or even 100x more liquidity with the same Total Value Locked (TVL).
What is DODO Private Pool?
The DODO Private Pool (DPP) stands out as a specialized product designed for professional market makers with nuanced needs that surpass the capacities of other liquidity pool models on DODO.
Distinctly, a DPP differs in two primary aspects:
Exclusive Liquidity Provision: Only the creator of the pool has the privilege to supply liquidity, ensuring exclusive control over the capital within.Dynamic Parameter Adjustment: The pool creator retains the ability to modify the pool's parameters at any time.
In other words, you can set the price curve and fee rate any way you want and provide any amount of money.