In 2024, DODO is set to significantly enhance its ability to support omni-chain trading of assets like Ethereum tokens and Bitcoin by becoming a key decentralized exchange (DEX) on DODOchain. Utilizing advanced Layer3 architecture, Trusted Bridges, and the DODO Core Trading Engine, DODOchain delivers a seamless omni-chain trading experience. This partnership with DODOchain will boost DODO's market presence, increase transaction volume, and create new opportunities for deeper integration with various protocols and funds.
DODO is a decentralized platform enabling multi-chain trading, particularly supporting Ethereum rollups and Bitcoin Layer 2 solutions. Users can trade Ethereum and Bitcoin tokens, yields, and points, while also benefiting from restaking incentives offered by ecosystem partners. By 2024, with DODOchain operational, DODO will be a leading exchange on the network, benefiting from technology like AltLayer, Arbitrum, and EigenLayer. This strategic shift will improve trading conditions, introduce new incentives, and strengthen DODO's role in the decentralized finance ecosystem.
DODO initially gained attention with its Proactive Market Maker (PMM) algorithm, which optimized exchange rates for mainstream assets and enhanced capital efficiency by concentrating liquidity around oracle prices. This innovation helped reshape the DeFi landscape. Over time, DODO has added features like the DODOX Swap Aggregator, Limit Orders, Launchpad, Token Creator, and Trading Widgets.
The PMM algorithm remains a key feature, offering liquidity pools with minimal capital requirements and allowing single-token liquidity provisioning to reduce slippage and impermanent loss. The 'k' parameter in the PMM controls price sensitivity to asset availability: a higher 'k' value leads to sharper price shifts, while a lower 'k' value smooths out fluctuations.
DODO has evolved through several versions. DODO V1 provided stable liquidity for stablecoin trading, while DODO V2 made it easier for users to create custom liquidity pools, catering to different needs such as stablecoin trading, mainstream tokens, or niche assets. DODO V3, launching in 2023 for professional use, enhances strategies, shares revenues with liquidity providers, and introduces security features like collateralization.
DODO's trading capabilities extend across blockchain networks, even those not EVM-compatible, through DODOchain's omni-trading center, powered by Layer3 architecture, Trusted Bridges, and the DODO Core Trading Engine. The engine optimizes pricing and liquidity across chains by constantly adjusting prices based on supply and demand. Trusted Bridges facilitate secure, efficient cross-chain transactions, making them more accessible and cost-effective for users.
The Layer3 architecture, enhanced by technologies like Arbitrum Orbit and EigenLayer, accelerates transaction processing and improves security for cross-chain trades. When a user initiates a trade, the DODO Core Trading Engine selects the best trading route and price, while a Bridge Aggregator chooses the optimal cross-chain bridge based on current conditions.
DODO's native token, DODO, is central to the platform's growth, enabling governance, participation in Crowdpooling events, and Initial DEX Offerings (IDOs). Holders also receive transaction fee shares and exclusive rewards. DODO tokens are widely circulated on networks like Ethereum, BNB, and Arbitrum, making them a key player in the DeFi space.
With DODOchain live, DODO tokens have expanded utility, particularly in staking, which allows holders to earn staking rewards and engage more deeply with the platform. DODOchain strengthens DODO's vision of improving liquidity and trading efficiency across blockchains, establishing it as a central hub for cross-chain liquidity and trading assets in Ethereum and Bitcoin Layer 2 ecosystems.
