by DODO Foundation
Quick Fact
DODO utilizes its unique PMM algorithm to offer capital-efficient liquidity pools, reducing impermanent loss and providing better price stability compared to traditional AMMs.
DODO is a decentralized exchange (DEX) platform that introduces a novel approach to on-chain liquidity provision through its Proactive Market Maker (PMM) algorithm. Unlike traditional Automated Market Makers (AMMs), DODO's PMM leverages price oracles to provide highly accurate market prices, enabling more efficient and stable trading experiences for users.
The PMM algorithm allows DODO to offer single-token liquidity provision, reducing the risk of impermanent loss for liquidity providers. This approach ensures that assets are concentrated around the market price, enhancing capital efficiency and minimizing slippage for traders.
Beyond its DEX capabilities, DODO offers a suite of DeFi tools, including SmartTrade for optimal trade routing, Crowdpooling for fair token launches, and customizable liquidity pools through its DODO Vending Machine. These features empower projects and users to engage with decentralized finance in a flexible and user-friendly environment.