Dodo Bird

For traders, DODO presents sufficient liquidity corresponding to that of centralized exchanges , which can be natively used by smart contracts for on-chain transactions similar to liquidation and auctions. Arbitrageurs can also benefit from price differences between DODO and other exchanges. The live DODO price today is $1.57 airswap coinmarketcap USD with a 24-hour trading volume of $18,357,042 USD. The current CoinMarketCap ranking is #182, with a live market cap of $174,003,729 USD. It has a circulating supply of one hundred ten,551,965 DODO coins and a max. DODO can now be traded on the centralized exchanges, L Bank and BiKi, in addition to decentralized exchanges like Uniswap V2, Mooniswap and Dodo.

The PMM pricing mechanism, which mimics human buying and selling, utilizes oracles to collect highly correct market prices for belongings. It then offers enough liquidity close to those prices to be able to stabilize the portfolios of liquidity suppliers , lower cost slippage and negate impermanent loss by allowing arbitrage trading as reward. Liquidity suppliers are not required to make a minimum deposit and are not restricted on the kind of asset they supply.

Who Are The Founders Of Dodo?

To start an IDO, a project needs to solely set the oracle price to a continuing. This ensures more favorable pricing, higher fund utilization and decreased price slippage, single threat publicity and no impermanent loss . DODO is a on-chain liquidity provider, which leverages the Proactive Market Maker algorithm to supply pure on-chain and contract-fillable liquidity. DODO is a next-generation on-chain liquidity provider, which leverages the Proactive Market Maker algorithm to supply pure on-chain and contract-fillable liquidity for everyone.

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Please be aware that DeFi protocols are progressive and high-risk initiatives and therefore weak to coding bugs and security issues that could probably be exploited by hackers and outcome in the lack of funds. If you would like to know where to buy DODO, the highest exchanges for trading in DODO are at present Binance, CoinTiger, FTX, BitZ, and XT.COM. Change the wallet network in the MetaMask Application to add this contract.

What’s Dodo?

You can discover others listed on our crypto exchanges page. The team claims their PMM algorithm supplies superior pricing over that of AMM competitor Uniswap due to a flatter price curve. DODO’s smart contract operates as an ERC20 token on the Ethereum network.

LPs can create their very own trading pairs, deposit their very own tokens to negate price danger and likewise gather a portion of DODO transaction fees as rewards. The PMM collects funds near market prices to determine enough liquidity, which drops quickly top currencies by market cap the further the value moves from the market price. DODO mechanically adjusts market prices to have the ability to entice arbitrage that can assist keep liquidity supplier portfolios stable.

DODO positions itself as some of the competitive liquidity suppliers that provides very low transaction fees and price slippage by way of its PMM algorithm, first conceived in April 2020. DODO also attracts new crypto projects with a free listing as an Initial DODO Offering . Unlike AMM protocols, DODO does not require quote tokens, and IDO projects only must deposit their own tokens to the liquidity pool, after which the PMM creates its own ask-side depth.

DODO additionally caters for brand new crypto initiatives with a free ICO listing through its Initial DODO Offering which requires issuers to only deposit their very own tokens. Student Coin – Get Inspired By The Best Altcoin of 2021! Buy Now Student Coin is the first platform that allows customers to easily design, create, and handle personal, corporate, NFT, and DeFi tokens.

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