### What is DODO?

DODO is a decentralised trading platform leveraging a unique Proactive Market Maker (PMM) algorithm to deliver efficient on-chain liquidity for Web3 assets. It aims to provide improved liquidity and price stability compared to traditional Automated Market Makers (AMMs).

### How does DODO work?

DODO operates on the Ethereum blockchain and utilises the Proactive Market Maker (PMM) algorithm, which dynamically manages prices to maintain a balanced inventory of assets. This algorithm leverages real-time price data from off-chain oracles to ensure accurate pricing. It optimises the price curve, concentrating liquidity around the market price to reduce slippage and impermanent loss. Smart contracts are employed to effectively manage liquidity and trading operations, reducing gas fees significantly compared to some other platforms.

### What are the potential use cases for DODO?

DODO offers several use cases, including:

- **Decentralised Trading**: Facilitating cross-chain and on-chain trading through effective liquidity provision.
- **NFT Platform**: Enabling the minting and fractionalisation of NFTs.
- **Token Issuance**: Supporting Initial DODO Offerings (IDOs) and simplifying token listing processes.
- **Liquidity Pool Management**: Collaboration with projects like Nine Realms and THORChain to enhance liquidity across various blockchains.
- **DeFi Ecosystem Integration**: Providing essential tools and functionalities within the broader decentralised finance landscape.

### What is the history of DODO?

DODO was founded in August 2020 by an anonymous Chinese development team, with funding from notable investors such as Framework Ventures, Pantera Capital, Binance Labs, and Coinbase Ventures. Since its inception, DODO has formed partnerships with platforms like WazirX and integrated with multi-chain platforms such as THORChain to expand its cross-chain liquidity solutions. This history is marked by significant funding rounds and strategic partnerships aimed at bolstering its market presence and technological offerings.

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