Code Review - 02/24/2021

Marcus Kelly avatar
Written by Marcus Kelly
Updated over a week ago


DODO is a next-generation on-chain liquidity provider, which leverages the Proactive Market Maker algorithm (PMM) to provide pure on-chain and contract-fillable liquidity for everyone. DODO accepts liquidity providers’ assets. It gathers funds near market prices to provide sufficient liquidity. In order to minimize counterparty risks for LPs, DODO dynamically adjusts market prices to encourage arbitrageurs to step in and stabilize LPs’ portfolios. Compared to other on-chain liquidity solutions, DODO has multiple advantages: high fund utilization, low slippage, single risk exposure, reduced impermanent loss.

Backed by Binance Labs since late 2020 and an investment round of $5 Millions, Dodo is one of the most innovative DEX in the ecosystem currently. The use of the revolutionary PMM helps mitigate some drawbacks for both traders and liquidity providers of current DEXs using AMM such as Uniswap and this is why Dodo is slowly getting more and more traction and volume.

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