Project Name: DODO
Project Ticker: DODO
Project Website: https://dodoex.io/
Project Twitter Address: https://twitter.com/BreederDodo
Project Whitepaper: https://dodoex.github.io/docs/docs/
A. What is DODO (DODO)?
Launched in 2020, DODO (DODO) is a China-based decentralized finance (DeFi) protocol powered by a Proactive Market Maker (PMM) algorithm built on Ethereum (ERC-20) and Binance Smart Chain (BSC). It provides a decentralized exchange trading platform (DEX). DODO, which is also an on-chain liquidity provider, aims to maintain price stability while offering better liquidity than Automated Market Makers (AMMs) by using the Proactive Market Maker (PMM) algorithm. The native token of the platform is DODO.
B. What Does DODO (DODO) Offer?
DODO offers multiple products and services to users within the scope of its decentralized trading platform (DEX). It is a decentralized cryptocurrency protocol as well as a blockchain-based liquidity provider. The biggest feature that distinguishes DODO from other liquidity provider platforms is that it has a Proactive Market Maker (PMM) feature. With this feature, DODO provides price stability and higher liquidity service, unlike AMM platforms such as Uniswap (UNI), Curve (CRV), Balancer (BAL) and SushiSwap (SUSHI). It offers very low transaction fees for DODO users, thanks to the PMM algorithm, which integrates real investor transactions into the platform in order to maintain price stability. The PMM pricing mechanism uses oracle services to collect accurate market prices for value assets. It allows liquidity providers to keep their portfolios stable with various arbitrage rates.
Generally speaking, DODO provides the following benefits to users through the PPM algorithm:
Use of high liquidity,
It eliminates the permanent losses that occur with arbitrage.