DeFi Saver’s Recipe Creator a DeFi UX GamechangerRead on the DeFi Pulse Blog

Key Stats

Total Value Locked24H
in USD$41.9M+11.3%
in ETH16.7K ETH+6.2%
in BTC1.1K BTC+2.8%
ETH Locked4.78K ETH+456 ETH
% Supply Locked< 0.01%
Blockchain
Ethereum
Most Locked$USDC
Protocol Token-

Total Value Locked (USD) in DODO

  • TVL (USD)
  • ETH
  • BTC
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart

What is DODO?

DODO Exchange is a capital-efficient, low-slippage on-chain liquidity provider built on Ethereum and powered by the Proactive Market Maker (PMM) algorithm. Featuring single-asset liquidity and working to solve impermanent loss, DODO offers a smooth trading experience and lucrative liquidity provision opportunities. PMM leverages price oracles and mimics the behaviors of human market makers, and the pricing formula efficiently allocates funds near the market price. This translates to a high level of liquidity on par with centralized exchanges. LPs can provide single-sided liquidity for mainstream trading pairs. When a trade takes place, PMM dynamically adjusts the price by encouraging arbitrage trading in order to rebalance LPs’ portfolios and minimize price risks and counterparty risks for LPs. This is an attempt to mitigate the notorious issue of impermanent loss inherent to AMMs. DODO was launched in August 2020 and has been audited by PeckShield and Trail of Bits. The DODO protocol is governed by the DODO token, which is distributed through a series of community incentive programs called “DODO Carnival”.


How to use DODO?

The DODO Exchange offers traders a platform to swap between two tokens. For liquidity providers, the Pool tab dashboard allows them to add and remove liquidity to/from different pools at any time.

Integral Aims to Win the AMM Wars

There’s a new automated market maker (AMM) on the block, and it has the infrastructure to shake things up in DeFi. The protocol’s tech, which allows the decentralized exchange to feast on the liquidity of other exchanges, is uniquely advantageous for liquidity providers (LPs), so now the race is on to see how many users …

2021-05-31Read more >

Founder Fireside Chat with Ross Middleton of DeversiFi

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. Another week, another intriguing chat to share with you all. For this week’s Founder Fireside Chat, we spoke with Ross Middleton, Co-Founder …

2021-05-21Read more >

Slingshot – A Next Generation Decentralized Trading Platform

Did you know that the combination of how the Earth’s gravity warps spacetime and the speed at which a satellite travels effectively allows satellites to time travel into the future nanoseconds at time? If you wanted to time travel, theoretically you’d need two things: a massive black hole and and an incredibly fast spacecraft.  Many …

2021-05-12Read more >

AMA with Slingshot CEO Clinton Bembry Jr.

This AMA session with Slingshot CEO Clinton Bembry Jr. occurred on May 7th, 2021. The following is a transcription of the live from DeFi Pulse’s AMA Discord channel. To participate in future AMAs, please join our Discord and follow us on Twitter. Chaz Schmidt: Hello and welcome @everyone! Thank you for joining us today for …

2021-05-12Read more >