Currently, you can obtain DODO through DODO market-making mining, and you can also conduct crowdfunding to build a pool and establish liquidity, with an annualized return of about 95%!
1. Let’s first understand DODO:
DODO is a decentralized trading platform driven by a self-created (PMM) algorithm. It features a highly capital-efficient liquidity pool, supports liquidity provision of unilateral tokens, reduces impermanent loss, and minimizes slippage during transactions. It supports professional market maker strategies on-chain, with features such as custom market making strategies and asset ratios. This market making algorithm has higher capital utilization and lower transaction slippage than the general AMM mechanism. DODO currently accounts for about 3% of the market share of Ethereum network DEX and is one of the most important DEX on Binance Smart Chain. In the future, the protocol will be deployed on multiple public chains.
2. Ace Function
①Create tokens
This tool allows users to easily create their own ERC20 tokens on EVM-compatible blockchains. It provides a user-friendly interface for setting key token parameters such as total supply, token name, and number of decimal places. Additional features such as "burn tokens", "transaction fees", and "supply increase" provide more customization options, making token creation easy to use and diverse.
②Liquidity Mining
You can create your own liquidity mining campaign on DODO in a few simple steps. It provides two mining methods: single-coin mining, where users can pledge tokens without risk of losing principal; and LP market-making mining, which involves adding funds to the liquidity pool and taking potential principal risk. These options meet different risk preferences and strategies.
③Crowdfunding pool
The crowdfunding pool is a unique combination of crowdfunding and liquidity pools, allowing for fair distribution of tokens and launching of markets. It is designed to prevent robot interference and provide a liquidity protection period, ensuring a safe and fair environment for both project owners and participants.
3. Operation steps
1. Visit the DODO platform and connect your wallet: First navigate to the DODO platform. To start providing liquidity, you need to connect your cryptocurrency wallet. DODO supports a variety of wallets, including MetaMask and Trust Wallet. You will also need to decide which blockchain network to use. This can be achieved by clicking the "Connect Wallet" button to allow it to interact with the DODO dApp, and the button to its left to select your desired blockchain network. Once your wallet is connected successfully, you can start providing liquidity.
2. Select a campaign: Navigate to DODO’s liquidity mining page by clicking the “Mining” tab in the right menu bar. Select your desired blockchain network and choose an active liquidity mining campaign with a token pair and annualized percentage rate (APR) that suits you.
3. Get LP Tokens: Click the "Stake" button under the activity you wish to participate in. Assuming you do not have the relevant LP tokens (i.e. you have not provided liquidity to a liquidity pool that contains this token), click "Get [token] LP". This will redirect you to DODO's liquidity provision page, allowing you to provide liquidity and receive the corresponding LP tokens. These tokens represent a portion of the total funds in the liquidity pool, so the ratio between tokens and LP tokens is not 1:1. Instructions on how to participate in liquidity provision can be found here.
4. Confirm Liquidity Mining: Once you have added liquidity and received LP tokens, return to the liquidity mining page and tap the “Approve” button followed by the “Stake” button (and confirm the transaction in your wallet app) to stake those LP tokens to your chosen mining campaign.
To withdraw your assets, you must first unstake your LP tokens from mining activities and then navigate to the liquidity provision page to exchange your tokens in exchange for LP tokens. #DODO助力Meme发行
