DODO (DODO) is the native cryptocurrency token of the DODO decentralized exchange (DEX) and liquidity protocol.
DODO is designed to provide advanced liquidity management tools for decentralized finance (DeFi) traders and providers. It utilizes a unique automated market maker algorithm known as the Proactive Market Maker (PMM). This algorithm adjusts token prices dynamically to maintain liquidity and reduce slippage, especially during periods of high volatility.
Another feature of DODO is that it introduces the concept of Crowdpooling, where liquidity providers can contribute assets to a liquidity pool during a specific Crowdpooling event. These events allow for fair token listing and enable the community to participate in liquidity provision.
DODO also offers a feature called SmartTrade, which allows users to execute large trades with reduced slippage. SmartTrade leverages the PMM algorithm to optimize the trade’s execution.
DODO Token (DODO)
DODO is the native utility token of the DODO ecosystem. DODO token holders can provide liquidity to DODO’s liquidity pools and earn fees and rewards in return. They can participate in decision-making processes related to the platform’s development and features or may choose to stake their tokens to earn rewards, which can include a share of trading fees generated on the platform.
