About DODO

DODO is a decentralized exchange (DEX) operating on both the Ethereum and Binance Smart Chain networks. It utilizes a unique Proactive Market Maker (PMM) model, which incorporates oracle technology to enhance liquidity provision. This algorithm is designed to deliver contract-fillable liquidity by utilizing an advanced pricing formula that allows traders to experience reduced slippage compared to traditional Automated Market Makers (AMMs). The PMM mechanism functions by accessing real-time market prices through oracles, enabling it to maintain adequate liquidity close to the prevailing market price for various assets. As a result, liquidity diminishes significantly when prices deviate from the market norm, ensuring that traders can execute transactions with minimal price impact. This innovative approach differentiates DODO from other DEXs, offering a more efficient trading experience for users.