What is DODO?
DODO is a decentralized exchange platform based on the Proactive Market Maker (PMM) algorithm. It enables liquidity providers and market makers to concentrate funds and use a number of solutions and products.
DODO's SmartTrade solution also makes it easier to find the most profitable order routing across various aggregated liquidity sources in an attempt to offer the most attractive rates.
In addition, DODO’s tools enable Crowdpooling, Initial DEX offerings (IDOs), pools and mining.
DODO was launched by Diane Dye and Radar Bear in August 2020. The project’s investors included Pantera Capital, Three Arrows Capital, and Binance Labs.
The protocol’s central component is DODO’s original Proactive Market Maker (PMM) algorithm, which offers users smooth interaction with DeFi.
The PMM model is different from the more common, non-constant function market maker model. In this model, parameters, including asset ratio and curve slope, are often flexibly set. Meanwhile, an oracle machine can be introduced for on-chain guidance of prices or price discovery by the market. This oracle also helps gather more funds near the market value and provides sufficient liquidity.
Among the protocol’s most crucial advantages are deep liquidity and optimal price matching.
Pre-launch with liquidity providers, the first participants collected exclusive rewards.
DODO v1.5 was launched.
DODO v2 public beta launch.
Its new NFT tool was implemented.
The protocol joined the Ryobi ECO (ECO) network, which includes aggregated sources of liquidity from MDEX, BXH, Pippi Finance, MDI and others.
DODO became the first member of the original Arbitrum DeFi cohort.
DODO was launched on the Polygon network.
DODO announced a collaboration with the Nine capital on THORSwap and THORChain.
everFinance collaborated with DODO, and joined the Mini Booster Program.
DODO announced a strategic partnership with Mao DAO, a leading DAO and NFT community focused on the "play to earn" model in Asia.