What is DODO?

DODO is a decentralized exchange (DEX) founded by the DODO team, operating on both Ethereum and Binance Smart Chain. It is based on an algorithm known as Proactive Market Maker (PMM), which utilizes price oracles to generate accurate market pricing, providing notable liquidity characteristics.

The PMM model offers lower slippage for traders compared to traditional Automated Market Makers (AMMs) by ensuring that liquidity diminishes quickly as prices deviate from the market rate. This approach is designed to facilitate contract-fillable liquidity and optimize trading conditions based on real-time asset prices.