What is DODO?

DODO is a decentralized exchange operating on the Ethereum and Binance Smart Chain networks. It is developed by the DODO team and utilizes a Proactive Market Maker (PMM) model, which is an oracle-aided algorithm designed to enhance liquidity on the platform.

PMM utilizes price oracles to obtain accurate market prices of assets, allowing for lower slippage compared to traditional Automated Market Makers (AMM). By providing ample liquidity close to the market price, PMM ensures that liquidity diminishes significantly as prices move away from this range.