DODO is a decentralized exchange and liquidity aggregator that’s made a name for itself in pioneering Proactive Market Making (PMM), an evolution of DeFi’s traditional Automated Market Maker (AMM) model. With the ability to “proactively” change pool parameters to adapt to shifting markets, DODO’s PMM system offers DeFi users big advantages like considerable capital efficiency, low-slippage trading, and minimized impermanent loss. 

Yet it’s one thing to develop innovative technology. It’s another matter entirely to deliver that innovative tech and its liquidity advantages to as many people as possible

That’s why the DODO team has made a multi-chain deployment strategy one of its main priorities in 2021. The cryptoeconomy is increasingly becoming a cross-chain ecosystem where users want great DeFi services on multiple blockchains and scaling solutions simultaneously. For DODO, then, the name of the game is now bringing PMM’s advantages to as many people as possible by deploying its liquidity to a range of viable DeFi-centric chains.

That’s why the DODO team has made a multi-chain deployment strategy one of its main priorities in 2021. The cryptoeconomy is increasingly becoming a cross-chain ecosystem where users want great DeFi services on multiple blockchains and scaling solutions simultaneously. For DODO, then, the name of the game is now bringing PMM’s advantages to as many people as possible by deploying its liquidity to a range of viable DeFi-centric chains.

DODO embraces L1s, L2s, and sidechains

To successfully achieve its multi-chain deployment strategy, DODO is taking an “all of the above” approach in integrating with layer-one chains (independent blockchains like Ethereum and Polkadot), layer-two chains (scaling solutions like Arbitrum that are secured by the L1s they support), and sidechains (independent blockchains that are explicitly designed to support other L1s, like how Polygon’s PoS chain caters to Ethereum users). 

To successfully achieve its multi-chain deployment strategy, DODO is taking an “all of the above” approach in integrating with layer-one chains (independent blockchains like Ethereum and Polkadot), layer-two chains (scaling solutions like Arbitrum that are secured by the L1s they support), and sidechains

For example, on the L1 front DODO deployed its exchange infrastructure to Moonbeam’s Moonbase Alpha testnet in May 2021. Moonbeam is a “parachain” designed to easily port Ethereum smart contracts to Polkadot, so now DODO’s on the verge of facilitating mainnet PMM trading around Polkadot- and parachain-based assets. Beyond Moonbeam, Ethereum, and Binance Smart Chain, DODO has also already integrated with the Huobi ECO, and these undoubtedly won’t be the DEX’s last L1 integrations, either. 

As for L2s, DODO was notably a member of Arbitrum’s inaugural DeFi Cohort. Arbitrum, an “optimistic rollups” style L2, is designed to make Ethereum-based transactions extremely fast and extremely affordable, all in highly secure fashion. Arbitrum launched its mainnet to Ethereum DApp developers on May 28th so that devs could ready their services in unison ahead of a public rollout to users. Accordingly, DODO’s now ready to rip as its V1 and V2 smart contracts have been fully deployed to the Arbitrum mainnet, a process made easy thanks to Arbitrum’s compatibility with the Ethereum Virtual Machine (EVM).

“DODO’s PMM paired with Arbitrum’s low fees and fast responses will create a fantastic user experience, and it’s been a pleasure working with the DODO team for the past few months,” Arbitrum co-founder Steven Goldfeder said on the news. 

Lastly, DODO’s been active in deploying to sidechains, too. The latest milestone in DODO’s multi-chain strategy came in June 2021 when the project announced its deployment on Polygon’s PoS sidechain. Formerly Matic, Polygon is aiming to be Ethereum’s “internet of blockchains” and offer a suite of solutions including its sidechain, a coming optimistic rollups implementation, and much more. So not only is Polygon’s sidechain exploding with activity lately and ideal for DODO’s services, the project’s other scaling offerings “will open the door to additional collaboration opportunities,” DODO founder Diane Dai has said, a dynamic that can considerably bolster the DEX’s multichain deployment strategy over time. 

More blockchains to come

These initial integrations are certainly promising, yet it’s also the case that the DODO team has no intentions of slowing down any time soon on multi-chain deployments. Indeed, in a recent Ask Me Anything with DODO’s founders, the project’s leadership noted that they were “actively evaluating and monitoring new blockchains” and already had plans to deploy to Aurora, NEAR Protocol, and Solana in the coming months. They also confirmed they were specifically targeting further L2 integrations as a roadmap focus for Q3 2021. 

Dive deeper into DODO 

DODO’s liquidity and novel PMM design can benefit people across all of DeFi’s nooks and niches — now the task at hand for DODO’s team is to deploy wherever users are flocking to.

As such, expect many more deployments from DODO in the months as the project continues angling to become one of DeFi’s most efficient and ubiquitous exchanges. In the meantime, consider learning more about DODO’s PMM system, and stay up to date by following DODO on Twitter or joining the project’s Telegram or Discord communities. 

Disclosure: This post is part of our paid promotional DeFi Pulse Partner Program; We’ve partnered with DODO to help educate and inform the community about DODO’s project. As always, we’re committed to providing the entire community with quality, objective information, and any opinions we express are our own.