What is DODO?
DODO is a decentralized exchange that aggregates liquidity from various sources. Its unique feature is the Proactive Market Maker (PMM) algorithm that ensures efficient token swaps.
Background
Mingda Lei, Qi Want, and Diane Dai founded DODO in 2022.
How It Works
DODO operates using its unique PMM algorithm. User actions such as token swapping, placing limit orders, providing liquidity, and others are facilitated by this underlying technology. The platform also supports the creation, trading, and fragmentation of NFTs.
The DODO platform offers various services, including token swapping, limit orders, gasless transactions, liquidity provision, mining, crowdfunding, and NFT-related services. DODO is also the native token of this protocol and has a governance function. DODO holders can vote, participate in crowd pooling and IDO launches, and receive trading fee discounts. vDODO, another token on the platform, can be minted by pledging DODO tokens and offers additional benefits.
Key Takeaways
- DODO is a decentralized exchange that aggregates liquidity from different sources.
- The platform uses a unique Proactive Market Maker (PMM) algorithm, facilitating efficient token swaps.
- DODO was founded in 2022 by Mingda Lei, Qi Wang, and Diane Dai.
- The platform supports various services, including token swapping, limit orders, liquidity provision, mining, crowdfunding, and NFT-related services.
- There are two tokens associated with the platform: DODO, which has a governance function, and vDODO, which can be minted by pledging DODO tokens and offers additional benefits
