By being “proactive”, DODO is capable of responding to liquidity constraints in real-time as well as adapting to changing market conditions, a restraint that DEXs that use an AMM model are unable to overcome. The PMM algorithm attempts to eradicate impermanent loss and improve liquidity, improving on the arguably outdated AMM model used by Uniswap. While most DEXs such as Uniswap use an Automated Market Maker (AMM) algorithm, DODO is powered by a Proactive Market Maker (PMM) Algorithm. Where DODO differs from traditional decentralized exchanges is that it is aiming to be a next-generation decentralized exchange when it comes to on-chain liquidity providing (LP). Though originally created on Ethereum, DODO has expanded to Binance’s BNB Chain, Polygon, and a host of others that we will cover later on. Those familiar with DeFi will find DODO straightforward to use and navigate.ĭODO is a Decentralized Exchange (DEX) built on the Ethereum network, competing with the likes of Uniswap and SushiSwap for market share. No- DEXs have a steep learning curve, with concepts not familiar to inexperienced users. Secured by the Ethereum network + multiple security audits have been conducted. Thousands of tradeable pairs across multiple chains Projects can list their tokens with fewer barriers and at a lower cost than what is possible with traditional AMM DEX protocols.NFT platform where users can mint and fractionalize NFTs.Clean, simple to navigate platform for experienced DeFi users.Decentralized Platform where users can trade assets cross-chain and issue their own assets.This DODO crypto review will provide you with everything you need to know about this powerful DeFi protocol.ĭODO is a decentralized trading platform that uses a unique and innovative Proactive Market Maker (PMM) algorithm to provide efficient on-chain liquidity for Web3 assets, making it easy for anyone to provide liquidity and not only trade assets, but issue them as well. For the first time in history, individuals can access financial products and exchange value with no centralized entities and no third-party authoritarian middlemen determining what can and cannot be done.ĭODO is one of those DeFi projects, a DEX that describes itself as a “liquidity protocol powered by the Proactive Market Maker Algorithm and built for capital efficiency.” This highly rated DEX has been picking up adoption and popularity at an impressive pace, absolutely dominating in 2021. There is no question that DeFi has had a huge impact on the status quo of the financial industry and has become what many refer to as one of the most revolutionary innovations of the past decade.
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