![]() It differs from traditional IDOs held by AMM-based DEXs in that projects just need to deposit their own tokens on DODOEx, as opposed to depositing both their project tokens and quote tokens to liquidity pools. It’s also worth mentioning that DODO provides new projects with a free-of-charge crowdfunding opportunity through its custom IDO called the Initial DODO Offering. If the prices change, the liquidity is automatically adjusted.īesides, since PMM allows arbitrage trading, it eliminates the risk of impermanent loss, as well as reduces price slippage and single-risk exposure. The portfolios of liquidity providers are then stabilized by providing sufficient liquidity according to these prices. PMM features a pricing mechanism, which uses oracles that collect up-to-date information about crypto asset prices. What Is PMM? Instead of implementing the AMM technology, as most DEXs do, DODOEx utilizes the proactive market maker (PMM) algorithm. ![]() Besides, due to its unique PMM algorithm, DODOEx provides arbitrageurs with beneficial price differences in comparison to other exchanges. The liquidity can be used for operations like liquidations and auctions. Check out the DODO price chart above to see the live DODO price.įor traders, DODOEx provides a sufficient amount of liquidity, comparable to the amount provided by centralized exchanges (CEXs). ![]() DODO is the native token of DODOEx, which is a cross-chain decentralized exchange (DEX) and liquidity aggregator.
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