Dodo (Dodo) is a native cryptocurrency token for Dodo Decentralized Exchange (DEX) and Liquidity Protocol.
DoDo is designed to provide advanced liquidity management tools for Decentralized Financial (DEFI) traders and providers. It utilizes a unique automated market maker algorithm known as Proactive Market Maker (PMM). This algorithm dynamically adjusts the token price to maintain liquidity and reduce slippage, especially during periods of high volatility.
Another feature of DoDo is the introduction of the concept of a cloud pool where liquidity providers can donate assets to liquidity pools during a specific cloud pooling event. These events will allow for a fair token list and allow the community to participate in providing liquidity.
Dodo also offers a feature called SmartTrade. This allows users to reduce slippage and carry out large transactions. SmartTrade leverages the PMM algorithm to optimize transaction execution.
Dodo token (Dodo)
Dodo is a native utility token for the Dodo Ecosystem. Dodo Token owners can provide liquidity to Dodo’s liquidity pool and earn fees and rewards in return. You can choose to take part in the decision-making process related to the development and functionality of the platform, or to wager the token to earn rewards that can include a share of trading fees generated by the platform.
Disclaimer. This article is for informational purposes only and should not be considered as approval by Koinidor. They do not recommend buying and selling cryptocurrencies. Readers should do research before investing in funds.
