什么是DODO？

DODO is a decentralized exchange that utilizes an innovative proactive market maker (PMM) algorithm to provide superior liquidity and price stability compared to traditional automated market makers (AMMs). Launched as an on-chain liquidity provider, DODO aims to enhance accessibility in decentralized finance, offering users more efficient trading options, including lower slippage and reduced impermanent loss.

DODO的基本原理

At the heart of the DODO protocol is its PMM model, which stands apart from the AMM models used by other DEXes. While AMMs rely on predetermined mathematical formulas, DODO’s PMM mimics human trading behavior and uses external price feeds (oracles) to dynamically adjust prices. This helps liquidity providers achieve better capital efficiency and allows traders to benefit from more competitive prices.

• SmartTrade: DODO’s SmartTrade service enables users to swap tokens while aggregating liquidity from multiple sources. This ensures that traders receive the best possible price across various DEXes.
• Crowdpooling: DODO’s Crowdpooling allows new projects to kick-start liquidity markets while distributing tokens equitably, without the risks of frontrunning or bot interference. This provides a fair token distribution mechanism, ensuring new crypto projects can raise funds without listing fees.
• Liquidity pools: DODO provides flexible liquidity pools where liquidity providers can manage their own market-making strategies. Unlike traditional AMMs, where users must deposit two tokens in fixed ratios, DODO allows single-token deposits, lowering the barriers to entry and offering greater flexibility for liquidity providers.
• Liquidity mining programs: DODO incentivizes users through various mining programs. Traders can participate in trading mining, where they earn rewards for trading on the platform. Additionally, liquidity providers and pool creators can earn through Combiner Harvest mining, making DODO an attractive option for yield generation.