network: DODO (DODO) - June 2024 Price Update - 7.39% Breakout Crypto News and Analysis
Spot the Main Event:
DODOchain adopts the restaked rollup framework developed by Altlayer & powered by EigenLayer’s restaking mechanism. Adding an extra layer of security to blockchain applications, enabling users to boost security by restaking. By utilizing EigenLayer's pooled security model, we markedly increase the cost & complexity of network attacks.
Adekanmi OwojoriFreelancer , Copy Writer and Crypto lover
Explore the Core.
DODO is a DeFi protocoldecentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM). The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage and negate impermanent loss by allowing arbitrage trading as reward. DODO also caters for new crypto projects with a free ICO listing through its initial DODO Offering (IDO) which requires issuers to only deposit their own tokens. DODO's smart contract operates as an ERC20 token on the Ethereum network
Esther WonderOwojori
Explore the Core.
DODO is a DeFi protocoldecentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM). The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage and negate impermanent loss by allowing arbitrage trading as reward. DODO also caters for new crypto projects with a free ICO listing through its initial DODO Offering (IDO) which requires issuers to only deposit their own tokens. DODO's smart contract operates as an ERC20 token on the Ethereum network
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