DODO is a next generation liquidity provider that uses the Proactive Market Maker (PMM) algorithm to bring clean on-chain electricity and contract liquidity to everyone.
Contents:
Description of the DODO project
DODO accepts assets from liquidity providers. It collects funds near market prices to provide sufficient liquidity. To minimize counterparty risk to LPs, DODO dynamically adjusts market prices to induce arbitrators to step in and stabilize LPs portfolios.
In PMM, arbitrage trading ensures that the number of tokens in the pool is always roughly equal to the number of tokens, deposited by liquidity providers. This scheme effectively mitigates volatile losses for liquidity providers by making liquidity provision on DODOs low risk.
Why you should trust this project:
| Firstly | DODO's contract-filled liquidity is comparable to Centralized Exchanges (CEXs). |
| Secondly | DODO offers an independent price discovery mechanism for long tail assets. |
| Thirdly | Developed by the DODO team, Proactive Market Maker (PMM) is an advanced pricing formula algorithm that provides contract-filled liquidity. |
DODO offers arbitrage trading opportunities to reward their role in helping to stabilize liquidity providers' portfolios.
What you can do with DODO:
- As a trader. Arbitrators can benefit from price differences between DODO and other exchanges. Smart contracts can use liquidity to complete on-chain transactions such as liquidations and auctions.
- Like LP. The project charges a fee for each transaction and ultimately distributes it to LPs as a reward. LPs can create trading pairs with their tokens and receive liquidity without taking on price risk.
Only 1-2% of the funding pool is available at a reasonable cost, while the rest is far from market value and underutilized seriously.
Additional information
Instead of White Paper, the site presents a document with the main characteristics of the project. The developers also maintain a blog on the Medium platform, where articles, related to the development of the project, are regularly published.
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Learn more about the project, interact with the team, participate in community discussions and give your opinion. In this way, you will participate in shaping the future of decentralized finance. The smart contract has not been audited.