đčExpand DODOâs Ecosystem - Partner with New Chain to support cross-chain liquidity - Growing VC support & secondary market positions - Building community in Korea with DODO's meme branding
DODO: A Comprehensive Overview of Its Core Products and Advanced Features
What is $DODO ? 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. What can I do on DODO? DODO offers a variety of DeFi tools, including token trading, liquidity mining, token creation and initial liquidity, custom liquidity pool creation, and more. These tools, both DeFi staples and those created by the DODO Team, implement features that make them unparalleled in safety and efficiency, including the PMM algorithm and liquidity aggregation. What is the PMM algorithm and how does it work? The Proactive Market Maker, also known as the PMM, is DODOâs way of ensuring ample liquidity for its trading pools and other services. The PMM algorithm, a derivation of the popular AMM model, was developed by the DODO Team based on the central limit order books used in traditional finance. The PMM algorithm works by adjusting the price curve of an asset to ensure that there is ample liquidity at the most up-to-date market price. For example, when the supply of an asset decreases, the PMM algorithm automatically increases the market price for this asset in anticipation of buying back the missing inventory from the market. This ensures that DODO trading pools have much less impermanent loss and improved capital efficiency compared to similar AMM pools. What is 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. A standout feature of DODO X is its comprehensive liquidity utilization. The platform harnesses liquidity not only from DODO pools but also from various other sources, including prominent platforms like Uniswap. Additionally, DODO X integrates quotes from third-party aggregators such as 1inch and 0xAPI, ensuring users have access to the most competitive rates available across the market. When it comes to cross-chain transactions, DODO X truly shines by aggregating multiple cross-chain bridges. This functionality enables the platform to identify the most optimal routes for users, ensuring transactions are completed with minimal waiting time and fees. What is DODO Toolbox? DODO Toolbox is a robust collection of features designed to empower users in the decentralized finance (DeFi) space. This suite integrates two key functionalities: Create Token and Liquidity Mining, each catering to different aspects of the DeFi ecosystem. Create Token This tool allows users to effortlessly create their own ERC20 tokens on the EVM compitable blockchain. It offers a user-friendly interface for setting up key token parameters like total supply, token name, and decimals. Additional features like "Burn," "Trading Fees," and "Supply Increase" provide further customization, making token creation both accessible and versatile. Liquidity Mining You can create your own liquidity mining campaign on DODO with a few clicks. It offers two forms of mining: Single Coin Mining, where users stake tokens without the risk of principal loss. And LP Market Making Mining, involving adding funds to liquidity pools with potential principal risks. These options cater to different risk appetites and strategies. What is Crowdpooling? Crowdpooling, a portmanteau of the phrases "crowdfunding" and "liquidity pool", is a way to distribute tokens and initiate liquid markets that's available to everyone. Inspired by the call auction mechanism common in securities markets, Crowdpoolingâs liquidity protection period and equal opportunity investment features ensure that there is no rush of experts or bot interference, like with other liquidity offering methods available today on DEXs. What is DODO Stable Pool? The DODO Stable Pool (DSP) is an innovative solution crafted to enhance the experience of liquidity providers (LPs) in the realm of stablecoin exchanges. DSPs are also suitable for synthetic assets, which encompass a wide range of assets that maintain their price by linking it to a specific target through various mechanisms. Examples include USDT, USDC, BUSD, and DAI, all of which are anchored to USD; WBTC is anchored to Bitcoin, while stETH is anchored to ETH. The exchange rates between these similarly anchored coins remain highly stable and typically hover around 1:1. A DSP establishes a curve that concentrates liquidity at the anchored price, aligning with the pattern observed in the synthetic asset market and thereby providing abundant liquidity. If your project issues its own USD stablecoin or any other synthetic asset (such as sBTC), you can utilize a DSP to enhance its liquidity. Compared to a regular AMM pool, this curve enables your stablecoin to gain 10x or even 100x more liquidity with the same Total Value Locked (TVL). What is DODO Private Pool? The DODO Private Pool (DPP) stands out as a specialized product designed for professional market makers with nuanced needs that surpass the capacities of other liquidity pool models on DODO. Distinctly, a DPP differs in two primary aspects: Exclusive Liquidity Provision: Only the creator of the pool has the privilege to supply liquidity, ensuring exclusive control over the capital within.Dynamic Parameter Adjustment: The pool creator retains the ability to modify the pool's parameters at any time. In other words, you can set the price curve and fee rate any way you want and provide any amount of money.
Excited to announce that DODO, Your On-Chain Liquidity Hub, is officially 4 years old! As we celebrate #DODO4thAnniversary, letâs take a moment to reflect on our journey and achievements:
đ Supported $165.4B in trading volume đ Completed around 26M+ trades đ Expanded to 19 different chains đ Captured an average of 79.7% volume on Arbitrum, BNB Chain, and Ethereum for the USDT-USDC pair
Over the past four years, DODO has remained a decentralized, transparent, and secure platform, ensuring users always have full control over their assets.
To mark this milestone, we're launching an anniversary celebration with a massive 100,000 USDT prize pool and 100 exclusive whitelist spots for our upcoming DODO Bird NFT! Holders of this NFT will enjoy boosted rewards in future DODO ecosystem.
Have you spotted the DODO bird at KBW? đDODO flew high at KBWâs Narrative Day hosted by @0xundefined_ today!
DODO co-founder @0x_daidai joined the visionary panel, diving deep into AVS and Restaking with top minds like @yq_acc, @infinitegardenX, @mraltantutar, and @fat_leopard.
Exciting times ahead for DODO as we explore the next frontier of decentralization! Ready for what's next? We are! đ
DODO had an amazing time at the Bitcoin Community Assembly - Seoul, hosted by @CKBEcoFund & @seouldinals_BTC!
đ We're actively engaging throughout KBW and would love to connect with more of you. Whether at panels, meetups, or events, don't miss the chance to say hi if you see us.
đ Boost your returns with DODOâs Flash Market-Making Event on #Arbitrum! đž Join now and earn your share of 25,000 $ARB by providing liquidity for the USDT-USDC pair.
A reminder to all DODO users that our official domain is https://t.co/DHLIkmlfOm and you can find all our official links here: https://t.co/Kf7bJ2Ky6y.
Please do not fall for impersonators or bad actors. Always confirm you are on the right domain and if in doubt check twice! Thank you.
đWeâre excited to work with @FBTC_official to provide liquidity for $FBTC - $WBTC on @0xMantle with 70,000 $DODO in rewards over the next 30 days for this pool.
â°The pool are now live. Mining will go live on August 2nd at 23:59 UTC+8.
đąDIP-21: Migration of 20 Million $DODO Tokens to Base Mainnet for Future Incentives governance vote will go live at 18:00 UTC+8 today & end at 18:00 UTC+8 on August 7th, 2024.
đWe're excited to work with @FBTC_official to provide liquidity for $FBTC - $BTCB on @BNBCHAIN with 130,000 $DODO in rewards over the next 30 days for this pool.
â°The pools are now live. Mining will go live on August 1st at 14:00 UTC+8.
đ On July 25th, we hit an all-time high trading volume of $401.93M! This achievement boosted our average daily trading volume over the past week to an impressive $260M.
đ€We're excited to work with @SolvProtocol to launch 6 $SolvBTC liquidity and mining pools on @Arbitrum and @BNBChain, With 40,496 $ARB, 800,000 $DODO and additional Solv points in rewards over the next 30 days for these 6 pools.
đNotably, we've created Oracle-guided pools for yield-bearing tokens like $SolvBTC.ENA and $SolvBTC.BBN. These pools concentrate liquidity near the fluctuating pegged price, offering better rates for traders and relieving LPs from manual adjustments.
âAll mining pools are live, and you can now provide liquidity and stake LP tokens. Rewards will be automatically distributed after the mining event starts. Find all $SolvBTC mining pools here: https://t.co/xOWsJWupVM
âłMining period: July 30, 2024, 22:00 - August 29, 2024, 22:00 (UTC+8) on BNBChain July 30, 2024, 21:37 - August 29, 2024, 21:37(UTC+8) on Arbitrum
đĄNote: If you previously participated in $SolvBTC mining on Arbitrum, you'll need to redeem and withdraw your liquidity, then add and stake LP tokens in the new pools to earn rewards for this phase.
đąDIP-20: Allocating 10M $DODO Tokens to Incentivize BTC Pairs on Select Chains governance vote will go live at 19:00 UTC+8 today & end at 19:00 UTC+8 on July 23th, 2024.
đłVote here: https://t.co/W81CGvZLCp đĄUsers who have staked $DODO on @alt_layer will also have voting rights!