DODO (DODO) is a cryptocurrency associated with the DODO decentralized exchange (DEX) and liquidity provision platform. Introduced in 2020, DODO operates on the Ethereum blockchain and aims to provide on-chain liquidity solutions with minimal slippage for traders.
DODO employs an algorithm known as Proactive Market Maker (PMM) to dynamically adjust token prices based on market demand and conditions. This algorithmic approach seeks to maintain a stable trading environment, even for assets with lower liquidity. Additionally, DODO incorporates liquidity pools where users can provide liquidity by depositing assets into pools and earning trading fees and DODO tokens as rewards.
DODO token holders have governance rights within the DODO DAO, allowing them to participate in decision-making processes related to the platform's development and management. This includes voting on proposals to adjust trading parameters, fee structures, and other aspects that influence the user experience on the DODO exchange.
