What is Dodo?

Dodo is a decentralized exchange (DEX) and liquidity protocol designed to provide efficient on-chain asset trading with minimal slippage. Launched in 2020, Dodo utilizes its Proactive Market Maker (PMM) algorithm, which optimizes liquidity pools to ensure better price execution and lower fees than traditional AMMs.

Dodo's native token, DODO, is used for governance, staking, and liquidity mining rewards within the ecosystem.

How is Dodo useful?

Dodo enhances decentralized trading and liquidity provision by offering capital-efficient liquidity pools that reduce impermanent loss for liquidity providers. Unlike traditional AMMs, Dodo's PMM algorithm actively adjusts pricing based on market conditions, improving price stability and depth.

Traders benefit from reduced slippage and competitive pricing, while liquidity providers can earn higher returns with lower risk. The DODO token grants governance rights, allowing holders to influence protocol upgrades and fee structures.

How does Dodo work?

Dodo operates on Ethereum and Binance Smart Chain, using its PMM algorithm to adjust liquidity dynamically. Unlike constant product AMMs (like Uniswap), Dodo’s PMM model sources liquidity at optimized prices, mimicking traditional order books. This allows single-sided liquidity provision, where users can supply one asset instead of pairing tokens, reducing risk exposure.

Dodo also supports initial DEX offerings (IDOs) and custom liquidity pools, making it attractive for token launches and DeFi applications.

Dodo milestones

• Launch of Proactive Market Maker (PMM): Improved liquidity efficiency and reduced slippage.

• Integration with Multiple Blockchains: Expanded to Binance Smart Chain, Polygon, and other networks.

• Single-Sided Liquidity Pools: Allowed users to provide liquidity without pairing assets.

• IDO Platform Expansion: Enabled fair token launches with customizable liquidity solutions.

• Governance via DODO Token: Empowered the community to vote on protocol improvements.

Dodo continues to optimize decentralized trading, providing high liquidity efficiency, lower costs, and a user-friendly experience for DeFi participants.

Buy Dodo (DODO) on BITmarkets.