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).
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.
DODO offers several use cases, including:
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.
The DODO price is $0.23406838 AUD, representing a -4.33% from the day prior.
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The trading volume of DODO (DODO) is $18.1M AUD in the last 24hrs, representing a -4.33% from the day prior.
DODO (DODO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of DODO (DODO) is $168.6M AUD.
Yes - With Coinstash you can convert your DODO (DODO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of DODO (DODO) is 725.7M.
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