DODO is a decentralized finance (DeFi) protocol and on-chain liquidity provider, utilizing a unique Proactive Market Maker (PMM) algorithm designed to offer superior liquidity and price stability compared to Automated Market Makers (AMMs).
DODO's PMM pricing model mimics human trading by using oracles to gather highly accurate market data. This allows it to provide liquidity close to actual market prices, helping to stabilize liquidity providers' portfolios, reduce price slippage, and mitigate impermanent loss by incentivizing arbitrage trading.
DODO also supports new crypto projects through its Initial DODO Offering (IDO), which allows issuers to list their tokens freely by only depositing their own assets.
Operating as an ERC-20 token on the Ethereum network, DODO recently saw a price surge following an announcement of an "earn to learn" event by Binance. The campaign, which allows users to learn about BreederDODO and earn DODO tokens, significantly boosted exposure by engaging Binanceâs vast user base, bridging the largest decentralized (DEX) and centralized (CEX) exchanges.@DODO
