Decentralized finance (DeFi) is transforming the financial landscape, creating exceptional opportunities for innovation and growth. One of the leading projects in this space is DODO, a DeFi protocol that employs a proactive market maker (PMM) algorithm to optimize liquidity and reduce slippage. By mimicking centralized exchanges, DODO's PMM dynamically adjusts buy and sell orders to align with market prices.
DODO operates as a decentralized exchange (DEX) on both Ethereum and Binance Smart Chain, providing an alternative to traditional automated market maker (AMM) models. Its SmartTrade platform aggregates liquidity sources to determine the best prices for trading token pairs. Additionally, DODO allows investors to customize fees, crypto ratios, and liquidity depths. The platform also supports Crowdpooling and Initial DEX Offerings (IDOs), addressing key challenges such as frontrunning.
Founded by Radar Bear and Diane Dai, along with a pseudonymous development team from China, DODO has attracted significant investment. It raised $600,000 in seed funding from Framework Ventures and secured $5 million from Binance Labs, Pantera Capital, and Three Arrows Capital. Other notable investors include Coinbase Ventures, Alameda Research, Galaxy Digital, and CMS Holdings.
@DODO s project statistics show a total supply of 1 billion tokens, with 110.5 million currently in circulation. The token release is scheduled to continue until April 2025. Community incentives make up 60% of the total tokens, while the remaining distribution includes IDO liquidity, seed sales, operations, marketing, and team/advisors. Despite experiencing a security breach in March, DODO's price has stabilized around $1.4 and is on an upward trend.
The token reached an all-time high of $8.25 on February 21, 2021. Currently, @DODO DODO's market capitalization stands at $180 million, ranking it 51st on DeFiPulse. With $78.9 million in staked tokens, the total value locked (TVL) continues to grow. Users can buy and trade DODO tokens through any crypto wallet with a built-in DEX browser.
In summary, DODO's PMM strategy presents effective solutions to DeFiโs liquidity and slippage issues. While it has faced security challenges, the project's resilience and growth potential make it a compelling option for a diversified DeFi portfolio. Investors should keep an eye on DODOโs developments and its potential for future expansion.
