What is DODO? (Binance Investment Project)
It is a DEX launched in August 2020 and has been deployed on the Ethereum network and Binance Smart Chain.
DODO created its own PMM algorithm, which can effectively improve fund utilization and reduce transaction slippage. The parameters in the algorithm can be flexibly adjusted and can cover a variety of application scenarios.
DODO currently accounts for about 3% of the market share of DEX on the Ethereum network. It is one of the most important DEXs on the Binance Smart Chain and will deploy protocols on multiple public chains in the future.