Editor's Note: This article comes fromZhikuang University (ID: gh_37c9e0eaf00a), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Zhikuang University (ID: gh_37c9e0eaf00a)
, reprinted by Odaily with authorization.
On August 30, the trading volume of the decentralized trading platform Uniswap surpassed Coinbase for the first time. So far, the total trading volume of Uniswap has exceeded 10 billion US dollars.
The success of Uniswap has led to a large amount of funds pouring into the decentralized trading platform (DEX) track, and imitators have also emerged, such as SushiSwap, whose locked-up encrypted assets exceeded 1 billion US dollars in just a few days.
The DODO introduced to you today is also a decentralized trading platform (DEX).
first level title
Simply put, DODO is a decentralized trading platform (DEX), similar to Uniswap.
Compared with Uniswap, the innovation of DODO is that it adopts the Proactive Market Maker (PMM) algorithm and introduces the Chainlink oracle machine, which allows users not to provide two assets at the same time when DODO makes the market.
Compared with the automatic market maker (AMM), the active market maker algorithm (PMM) has a more flexible price curve, which allows the liquidity provider (LP) to minimize the market-making risk (impermanent loss) and stabilize its investment combination.
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DODO's investment institution
DODO has completed its seed round of financing, led by Framework Ventures, an American cryptocurrency venture capital institution, followed by Defiance Capital, and other investors include SevenX Ventures, BTC12 Capital, Origin Capital, Maple Leaf Capital and many well-known angel investors, including Robert Leshner, founder of Compound, Bobby Ong, founder of Coingecko, etc.
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DODO Token
The total amount of DODO tokens is 1 billion, of which:
Formal mining: 60%
Team: 15%
Early investment: 16%
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How to get DODO tokens
Currently, DODO tokens can only be obtained through pre-mining. The total amount of pre-mining is 10 million (1%), which will be released within half a year after being locked for 14 days.
After the pre-mining is over, DODO will start the official liquidity mining.https://dodoex.iofirst level title
How to participate in DODO's liquidity mining?
At present, DODO tokens can only be obtained through pre-mining (liquidity mining). The following is a mining tutorial (currently only supports MetaMask, a small fox wallet):
1. Open DODO official website with Chrome browser (
), click "Launch App".
The figure below takes the LEND-USDC pool as an example, enter the amount of tokens that need to be deposited, and then click "Confirm".
Precautions
4. In the little fox wallet MetaMask, click "Confirm".
5. After completion, you can check the number of tokens you provide for liquidity mining in "My Pool", and the wallet will also receive DLP tokens. This token is your proof of providing liquidity mining on DODO.
1. Contract risk: Although the DODO platform has passed the security audit of PeckShield, it does not mean that there is no risk at the code level.
learn more
2. Impermanent loss: DODO only reduces the impermanent loss risk of liquidity providers through the active market maker algorithm (PMM), but does not completely eliminate the risk.https://dodoex.io/
3. Miner's fee: Currently, the Ethereum network is relatively congested. If you participate, the cost of the miner's fee cannot be ignored.https://dodoex.github.io/docs/docs/
