Moreover, arbitrageurs can capitalize on price discrepancies between DODO and other exchanges. ![]() To maintain stable liquidity provider portfolios, DODO automatically adjusts market prices to attract arbitrage opportunities.įor traders, DODO offers ample liquidity comparable to centralized exchanges (CEX), enabling smart contracts to perform on-chain transactions such as liquidation and auctions. However, liquidity decreases as the price deviates from the market price. The PMM algorithm ensures sufficient liquidity by collecting funds near market prices. DODO: A Unique Selling PointĭODO distinguishes itself as a highly competitive liquidity provider with low transaction fees and price slippage, thanks to its PMM algorithm developed in April 2020. Liquidity can be further enhanced by depositing more quote tokens. By setting the oracle price to a constant, a project can initiate an IDO. Instead, these projects only need to deposit their own tokens into the liquidity pool, and the PMM algorithm creates its own ask-side depth. Unlike other AMM protocols, DODO does not require quote tokens for IDO projects. DODO: Key Features The Objectives of DODO ProjectĭODO offers a unique feature called Initial DODO Offering (IDO), which provides free listings for new crypto projects. Additionally, they can earn trading fee rebates and rewards by staking their tokens in liquidity pools. ![]() ![]() Holders of DODO tokens have the ability to propose and vote on network improvements. The DODO coin serves as the native ERC-20 token for governing the DODO protocol.
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