DODO is a decentralized exchange (DEX) protocol that stands out as an important platform in the decentralized finance (DeFi) ecosystem. Developed by a China-based team in 2020, DODO runs on blockchains such as Ethereum and Binance Smart Chain (BSC). It aims to provide a more liquid and efficient trading experience compared to traditional automated market maker (AMM) models.
### DODO's Highlights
Proactive Market Maker (PMM) Model:
DODO uses the Proactive Market Maker (PMM) model, unlike traditional AMM models. This model allows liquidity providers to use their capital more efficiently and trade with lower slippage. PMM provides liquidity close to market price, which allows users to trade at better prices.
Low Trading Fees and Slippage:
DODOâs PMM model aims to offer less slippage and lower transaction costs, especially in low liquidity situations. This means better prices and less volatility for traders.
Advantages for Liquidity Providers:
DODO offers great advantages to liquidity providers. Thanks to the PMM model, liquidity providers can earn more returns while taking less risk. In addition, incentives and rewards are provided for users who participate in DODOâs liquidity pools.
User Friendly Interface:
DODO offers a simple and user-friendly interface for users looking to access complex DeFi tools. Even beginners can easily use the platform and trade quickly.
### Products in DODO's Ecosystem
- DODO Swap: A trading platform where users can swap ERC-20 and BEP-20 tokens.
- Crowdpooling: DODO allows projects to raise funds through community contributions before releasing their tokens, allowing new projects to enter the market in a fairer and more decentralized manner.
- Mining and Staking: Users can earn rewards by staking or providing liquidity on DODO.
### DODO Token (DODO)
The native cryptocurrency of the DODO platform is the "DODO" token. This token is used for various purposes such as having a say in governance, providing liquidity, staking, and participating in various activities on the platform.
Conclusion:
DODO stands out in the world of decentralized finance with its innovative PMM model and user-friendly features. The advantages it offers to liquidity providers and traders have contributed to the rapid growth of the platform and its adoption by a wide range of users.
