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Information about dodo

DODO is a decentralized finance (DeFi) protocol and on-chain liquidity provider. It utilizes a unique algorithm called the proactive market maker (PMM) to improve liquidity and price stability compared to traditional automated market makers (AMM). The PMM algorithm mimics human trading by using oracles to gather accurate market prices for assets. It then provides liquidity near these prices, helping to stabilize the portfolios of liquidity providers (LP) and reduce price slippage. Additionally, DODO allows arbitrage trading as a reward, which helps to mitigate impermanent loss. DODO also offers a free ICO listing called Initial DODO Offering (IDO) for new crypto projects, where issuers only need to deposit their own tokens. The DODO protocol operates as an ERC20 token on the Ethereum network.

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