About DODO Exchange
DODO Exchange operates as a decentralized trading protocol for Web 3. It provides on-chain liquidity and leverages the proactive market maker algorithm. The company was founded in 2020 and is based in Singapore.
DODO Exchange's Product Videos
ESPs containing DODO Exchange
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The decentralized crypto exchanges market refers to a segment of the cryptocurrency industry that aims to provide individuals with access to trading digital assets without the need for centralized entities or KYC disclosures. These exchanges offer professional trading tools for institutions and professional traders while allowing users to maintain custody of their own funds, which is unique compar…
DODO Exchange's Products & Differentiators
DODO Exchange is a decentralized trading platform that combines its own liquidity with aggregated liquidity from other decentralized exchanges. DODO Exchange offers the best prices for Web3 assets through its innovative Proactive Market Maker (PMM) algorithm, ensuring efficient on-chain liquidity and easy issuance and trading of assets.
Expert Collections containing DODO Exchange
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
DODO Exchange is included in 1 Expert Collection, including Blockchain.
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Latest DODO Exchange News
Nov 8, 2021
DODO, the decentralized or non-custodial exchange platform that’s being powered by the Proactive Market Maker (PMM) algorithm, has introduced the Stable DODO token. The new stable token, worth “exactly $1 USD,” has been developed to serve as a new base asset for the DODO community that will “keep more value locked in the platform, while increasing liquidity and lowering transaction costs for users on the DODO Exchange.” In order to launch Stable DODO, DODO is teaming up with ICHI, which is reportedly the first Decentralized Monetary Authority (DMA) protocol. DODO intends to establish new liquidity pools using Stable DODO. Stable DODO, which may be minted with a “blend” of DODO and USDC, may be used by the DODO Exchange to “benefit its users.” The update also mentioned that DODO will “offset transaction costs by providing large liquidity incentives, giving users the ability to provide liquidity and earn.” These incentives will “drive further user adoption and help make DODO continue to grow as one of the leading Automated Market Makers (AMM) in DeFi ,” the announcement explained. Diane Dai, Chief Marketing Officer at DODO, stated: “OneDODO provides users the ability to collect liquidity incentives, while also benefiting the entire community by creating a stable asset that locks more value in DODO as it is minted. This is the opposite effect of stablecoins that remove value from DODO as they are minted. OneDODO is the first stable asset that truly aligns the interests and incentives between the whole DODO community.” Stable DODO offers all of the benefits of other stablecoins while “keeping value locked in the DODO community. Minting Stable DODO tokens increases demand for and value of $DODO,” the update noted. Beyond offering liquidity for the DODO Exchange, Stable DODO may also be “used as a reliable unit of exchange to pay business expenses and for other DeFi transactions,” the announcement added. As stated in the update: “ICHI’s protocol, which is fully audited by Quantstamp , has already been utilized to create stable assets for numerous crypto projects including Filecoin, 1inch Network, Fuse Network, 88mph, PERL, and Wing Finance. To learn more and read ICHI’s whitepaper, visit docs.ichi.farm .” As mentioned in the announcement, DODO is a decentralized exchange platform “powered by the Proactive Market Maker (PMM) algorithm.” It features “highly capital-efficient liquidity pools that support single-token provisions, reduce impermanent loss, and minimize slippage for traders.” The trading platform provides Crowdpooling, which is “a permissionless, equal opportunity liquidity offering mechanic, as well as customizable technical solutions geared towards professional on-chain market makers.” As noted in the update, ICHI aims to tap into “the full potential of the crypto economy by enabling any cryptocurrency project to create and control its own stable asset worth exactly $1 USD.” Sponsored Links by DQ Promote
DODO Exchange Frequently Asked Questions (FAQ)
When was DODO Exchange founded?
DODO Exchange was founded in 2020.
Where is DODO Exchange's headquarters?
DODO Exchange's headquarters is located at Number. 05-25, Singapore.
What is DODO Exchange's latest funding round?
DODO Exchange's latest funding round is Seed.
How much did DODO Exchange raise?
DODO Exchange raised a total of $5.85M.
Who are the investors of DODO Exchange?
Investors of DODO Exchange include Alliance DAO, Galaxy, Three Arrows Capital, Pantera Capital, Coinbase Ventures and 12 more.
Who are DODO Exchange's competitors?
Competitors of DODO Exchange include Uniswap and 4 more.
What products does DODO Exchange offer?
DODO Exchange's products include DODO Exchange and 3 more.
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