DODO is a liquidity protocol utilizing the Proactive Market Maker (PMM) algorithm to enhance capital efficiency in decentralized trading. It provides traders with optimal prices and cross-chain aggregation, while enabling developers to integrate trading functionalities into their applications and earn transaction fees.
Funding
$6.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ARFounders
Product
Problem
Decentralized exchanges (DEXs) often suffer from liquidity fragmentation across different chains, leading to suboptimal trading prices and increased slippage for users. Integrating trading functionalities into applications requires significant development effort and can be complex.
Solution
DODO offers a decentralized liquidity protocol that utilizes the Proactive Market Maker (PMM) algorithm to provide efficient and optimized decentralized trading. DODO X aggregates liquidity across multiple chains, offering traders the best possible prices and minimizing slippage. The platform also provides developers with tools to easily integrate trading functionalities into their applications, enabling them to earn transaction fees and enhance their user experience.
Target Audience
DODO targets cryptocurrency traders seeking optimal prices and minimal slippage, as well as developers looking to integrate trading functionalities into their decentralized applications.
Features
- Cross-chain aggregation to find the best prices across multiple decentralized exchanges
- Proactive Market Maker (PMM) algorithm for efficient price discovery and reduced slippage
- Developer portal with APIs and SDKs for easy integration of trading functionalities
- Support for multiple blockchains, including Ethereum, BNB Chain, Polygon, Arbitrum, and Optimism
- Security audits by Trail of Bits, PeckShield, SlowMist, CertiK, Beosin, and Sherlock
- Bug bounty program with rewards up to $100,000