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.
DODO's products have the following main features:
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. At its core, DODO X is committed to delivering the ultimate trading experience, which encompasses not just the best pricing but also factors like high on-chain success rates, smooth user experience, and convenient operation.
Liquidity Pools: DODO liquidity pools not only allow users to provide liquidity for any pool but also enable users to create various types of pools based on different assets and needs. For example, the Pegged Pool is designed for stablecoins and LRT assets, ensuring efficient and stable liquidity management, while the Private Pool is designed for market makers, providing a more personalized liquidity environment with greater control over trading strategies and parameters.
Mining: DODO mining not only provides more returns for LPs but also offers a self-initiated mining feature. This allows anyone to create their own mining activities for any pool on DODO and supports providing any token as a reward.
Crowdpooling: Crowdpooling is a novel method of token distribution and market initiation that allows anyone to raise funds and distribute tokens for their own tokens while ensuring instant liquidity for new tokens.
Token Creation: This feature empowers anyone to create their own tokens without needing any coding experience, enabling one-click token issuance across more than 16 mainnets.
DODO was founded in 2020 and has now expanded to 16 mainnets, with a cumulative trading volume exceeding $170 billion, over 26 million transactions, and reaching 3.8 million users.
With the upcoming launch of DODOchain, DODO will transform into the core exchange on DODOchain, supported by advanced technologies such as Arbitrum, EigenLayer, and AltLayer. This strategic development will further enrich the trading experience, provide more incentives, and solidify DODO's position in the decentralized finance space.
Furthermore, DODO will also launch a platform for issuing and trading Meme coins.
DODO's investors include Binance Labs, Pantera Capital, Coinbase Ventures, Framework Ventures, SevenX Ventures, CMS Holdings, Galaxy Digital, IOSG Ventures, LongHash Ventures, and more.
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