![]() The next 15% of the tokens will be locked up for one year and released linearly over the next two years to the potential recruits, main staff, and advisers. The first of which, named ‘Gray Parrot’, is underway and covers the supply of liquidity and airdrops. The overall supply of DODO tokens will be one billion and 60% of it is distributed to community incentives in a sequence of services that it calls ‘DODO Carnival’ jointly. Moreover, prices provided by Proactive Market Maker are more favorable than AMM. This implies significant usage of funds and lower slippage. It is quite transparent that the PMM curve is marginally flatter than the AMM curve near the market price. The diagrams below compare the DODO (PMM) and Uniswap (AMM) price curves. The effect is that as far away from the stock price, liquidity declines easily. It then attempts to have ample liquidity for any commodity near the market price. To restore correct market values of assets as input, PMM leverages price oracles. This means ample liquidity is continuously given.Ī ground-breaking algorithm called the Proactive Market Maker (PMM) is driven by DODO. On the other hand, to ensure that the segment in the vicinity of the selling price stays flat, PMM proactively moves the price curve in the same direction. ![]() The interpretation of “R” is crucial to understanding how DODO stimulates high liquidity at precise rates.ĪMM depends passively on arbitration dealing to adjust prices as the market price changes. The symbol ‘i’ refers to an asset’s market price, and ‘R’ refers to the risk factor. DODO leverages the following formula instead of Uniswap’s x*y = k: LPs will apply single-asset liquidity to either pool to start collecting commissions.ĭue in part to a tweak to its market-making algorithm dubbed “Proactive Market Maker” (PMM), it achieves all these solutions. The two sides of a trading pair need not be supplied by DODO LPs. In this ecosystem, liquidity providers (LPs) and arbitrageurs still play a vital role, and the DODO team appears to have virtually removed impermanent losses. The network continues to deliver digital asset trading on-chain but boasts fair order execution for centralized trading platforms. What is DODOEx?ĭODO Exchange is a platform that supplies on-chain liquidity in order to support the Proactive Market Maker algorithm (PMM) to provide everyone with pure and contract-fillable liquidity on the blockchain. In particular, Framework Ventures is known for bringing harmony among its different acquisitions, such as Chainlink, Aave, and Synthetix. High-caliber investors from DODO will provide appropriate experience and a network for the project to cement its development. The platform recently completed a seed round with the participation of prominent investors such as Bobby Ong (CoinGecko), Framework Ventures, Jason Choi (Spartan Group), DeFiance Capital, Spencer Noon (DTC Capital), and Robert Leshner (Compound), despite the fact that the competition is immense in the AMM space. She handles DeFi Labs, which is a subscription-based WeChat channel.Īll three DODO co-founders are experts in the blockchain industry. Before stepping into crypto, Wang worked as a software developer for firms like Pure Storage and Oracle. He is a developer who designed DOS Network, a China-based layer two oracle service. Previously, Lei worked as a key developer at DDEX, a DeFi margin trading site. ![]() He is also the architect behind the constructive market-making formula for the protocol. dropout from Peking University, is the DODO co-founder. BackgroundĮxperience is crucial, particularly for DeFi projects that develop an alternative financial system’s basic infrastructure. The motivation behind the project was derived from the theory that DeFi protocols are unable to distribute their liquidity, and DEXs are at the hands of centralized exchanges. As the platform can respond to growing markets and liquidity constraints in real-time, it is considered to be more advanced than standard AMMs like Uniswap or Curve. DODO is an automated on-chain market maker (AMM) launched recently.
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