TI Rating Report - DODO
DODO is a decentralized exchange platform which adopts the Proactive Market Maker (PMM) algorithm and has launched on Ethereum and Binance Smart Chain (BSC). The protocol aims to mitigate the problems of slippage, impermanent loss, and capital efficiency under the Automatic Market Maker (AMM) mechanism by using oracle to feed price data and thus proactively adjusting the price bonding curve. In addition, it has developed several functions listed below to optimize user experience.
- SmartTrade: liquidity aggregator that help traders to find the best price from different sources;
- Crowdpooling: combination of crowdfunding and liquidity pooling, which bootstraps the liquidity of a pool by raising funds from the crowdfunding process;
- Pools: public and private pools can be configured with customized parameters (asset ratios, liquidity depths, fee rates, etc. ) set by the users;
- Mining: users can get DODO rewards through liquidity mining, trading mining and combiner harvest mining (for projects that collaborate with DODO).