Headlines are updated in real time. Click on a headline to the left to read the news.
DODO is a decentralized finance (DeFi) protocol and an on-chain liquidity provider. It uses a unique proactive market maker (PMM) algorithm to offer superior liquidity and price stability compared to other automated market makers (AMM). DODO's PMM pricing mechanism mimics human trading and uses oracles to gather highly accurate market prices for assets.
DODO was launched in August 2020 by Diane Dai, Radar Bear, and an anonymous development team. The project attracted a $600,000 seed round led by Framework Ventures and later completed an additional $5 million private sale funding round, led by Pantera Capital, Binance Labs, and Three Arrows Capital.
The total supply of DODO tokens is 1 billion (1,000,000,000), with currently 12 million coins in circulation. The distribution of DODO's total supply is meticulously planned to ensure the stability and growth of the platform.
DODO can be traded on several centralized exchanges like MXC.com, L Bank, and BiKi, as well as decentralized exchanges such as Uniswap V2, Mooniswap, and Dodo itself. In addition, cryptocurrencies like Bitcoin and Ethereum can be directly purchased by credit card in the fiat currency of your choice.
DODO is primarily used as a liquidity provider. It offers low transaction fees and price slippage through its PMM algorithm. Traders can use DODO to access sufficient liquidity comparable to that of centralized exchanges (CEX), which can be natively used by smart contracts for on-chain transactions such as liquidation and auctions. Liquidity providers can create their own trading pairs, deposit their own tokens to negate price risk, and collect a portion of DODO transaction fees as rewards.
DODO continues to make strides in the DeFi space with its unique offerings. The platform's PMM algorithm provides superior pricing over that of AMM competitor Uniswap due to a flatter price curve. This ensures more favorable pricing, higher fund utilization, and decreased price slippage. DODO also offers a free listing as an Initial DODO Offering (IDO) for new crypto projects. The platform's security is also noteworthy, with its smart contracts audited by PeckShield, a blockchain security company.
In recent DODO news, the platform has made significant strides in improving its technology. It has upgraded its app to React v18.0, enhancing compatibility with various third-party packages. DODO has also leveraged The Graph, a protocol for indexing and querying blockchain data, to provide quick and reliable access to a myriad of blockchain data. This development has significantly powered the DODO product suite.
Despite a recent dip in the DODO price, the platform has shown resilience. DODO has processed $77 billion in trading volume across 11 million total transactions and generated more than $34 million in fees. The platform's market maker pools have also been profitable, with the highest-grossing pool averaging over $10,000 in daily transaction fee revenue. If you're wondering where to buy DODO, it operates on the Ethereum blockchain, making it accessible on various exchanges.
DODO has seen significant growth in its community, as evidenced by the @BreederDODO Twitter account surpassing 150,000 followers. The community has also passed nine DODO Improvement Proposals, demonstrating active participation in the platform's development. Furthermore, DODO's CMO, Diane Dai, has been actively engaging with the community, sharing her crypto story on various platforms.
Security has been a key focus in recent news about DODO. The platform has successfully addressed a reported vulnerability in the vDODO contract, ensuring the safety of its users' assets. DODO also experienced an exploit in its liquidity pools, which resulted in a loss of $2.1 million. However, the team was quick to assure users that all other funds, including those in all V1 and V2 pools, remained safe.
Headlines are updated in real time. Click on a headline to the left to read the news.
DODO is a decentralized finance (DeFi) protocol and an on-chain liquidity provider. It uses a unique proactive market maker (PMM) algorithm to offer superior liquidity and price stability compared to other automated market makers (AMM). DODO's PMM pricing mechanism mimics human trading and uses oracles to gather highly accurate market prices for assets.
DODO was launched in August 2020 by Diane Dai, Radar Bear, and an anonymous development team. The project attracted a $600,000 seed round led by Framework Ventures and later completed an additional $5 million private sale funding round, led by Pantera Capital, Binance Labs, and Three Arrows Capital.
The total supply of DODO tokens is 1 billion (1,000,000,000), with currently 12 million coins in circulation. The distribution of DODO's total supply is meticulously planned to ensure the stability and growth of the platform.
DODO can be traded on several centralized exchanges like MXC.com, L Bank, and BiKi, as well as decentralized exchanges such as Uniswap V2, Mooniswap, and Dodo itself. In addition, cryptocurrencies like Bitcoin and Ethereum can be directly purchased by credit card in the fiat currency of your choice.
DODO is primarily used as a liquidity provider. It offers low transaction fees and price slippage through its PMM algorithm. Traders can use DODO to access sufficient liquidity comparable to that of centralized exchanges (CEX), which can be natively used by smart contracts for on-chain transactions such as liquidation and auctions. Liquidity providers can create their own trading pairs, deposit their own tokens to negate price risk, and collect a portion of DODO transaction fees as rewards.
DODO continues to make strides in the DeFi space with its unique offerings. The platform's PMM algorithm provides superior pricing over that of AMM competitor Uniswap due to a flatter price curve. This ensures more favorable pricing, higher fund utilization, and decreased price slippage. DODO also offers a free listing as an Initial DODO Offering (IDO) for new crypto projects. The platform's security is also noteworthy, with its smart contracts audited by PeckShield, a blockchain security company.
In recent DODO news, the platform has made significant strides in improving its technology. It has upgraded its app to React v18.0, enhancing compatibility with various third-party packages. DODO has also leveraged The Graph, a protocol for indexing and querying blockchain data, to provide quick and reliable access to a myriad of blockchain data. This development has significantly powered the DODO product suite.
Despite a recent dip in the DODO price, the platform has shown resilience. DODO has processed $77 billion in trading volume across 11 million total transactions and generated more than $34 million in fees. The platform's market maker pools have also been profitable, with the highest-grossing pool averaging over $10,000 in daily transaction fee revenue. If you're wondering where to buy DODO, it operates on the Ethereum blockchain, making it accessible on various exchanges.
DODO has seen significant growth in its community, as evidenced by the @BreederDODO Twitter account surpassing 150,000 followers. The community has also passed nine DODO Improvement Proposals, demonstrating active participation in the platform's development. Furthermore, DODO's CMO, Diane Dai, has been actively engaging with the community, sharing her crypto story on various platforms.
Security has been a key focus in recent news about DODO. The platform has successfully addressed a reported vulnerability in the vDODO contract, ensuring the safety of its users' assets. DODO also experienced an exploit in its liquidity pools, which resulted in a loss of $2.1 million. However, the team was quick to assure users that all other funds, including those in all V1 and V2 pools, remained safe.