DODO price today is $0.202187 USD with a 24-hour trading volume of $60,395.19 USD. DODO is up 0.51% in the last 24 hours. The current CoinMarketCap ranking is #968, with a market cap of $2,416,419 USD. It has a circulating supply of 11,951,414 DODO coins and the max. supply is not available. The top exchanges for trading in DODO are currently BiKi, LBank, Uniswap (V2), MXC.COM, and Coinone. You can find others listed on our crypto exchanges page.
DODO is a Chinese decentralized 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.
The team announced in September 2020 that it had successfully completed an additional $5 million private sale funding round, led by Pantera Capital, Binance Labs and Three Arrows Capital.
The private sale round also attracted investment from several other prominent venture capital firms, cryptocurrency exchanges and trading firms that include Coinbase Ventures, Galaxy Digital, CMS Holdings and Alameda Research.
DODO positions itself as one of the most competitive liquidity providers that offers very low transaction fees and price slippage through its PMM algorithm, first conceived in April 2020.
The team claims their PMM algorithm provides superior pricing over that of AMM competitor Uniswap due to a flatter price curve.
The PMM collects funds near market prices to establish enough liquidity, which drops quickly the further the price moves from the market price. DODO automatically adjusts market prices in order to attract arbitrage that will help keep liquidity provider portfolios stable.
This ensures more favorable pricing, higher fund utilization and decreased price slippage, single risk exposure and no impermanent loss (explained here).
For traders, DODO offers sufficient liquidity comparable to that of centralized exchanges (CEX), which can be natively used by smart contracts for on-chain transactions such as liquidation and auctions. Arbitrageurs can also take advantage of price differences between DODO and other exchanges.
Liquidity providers are not required to make a minimum deposit and are not restricted on the type of asset they provide. LPs can create their own trading pairs, deposit their own tokens to negate price risk and also collect a portion of DODO transaction fees as rewards.
DODO also attracts new crypto projects with a free listing as an Initial DODO Offering (IDO). Unlike AMM protocols, DODO does not require quote tokens, and IDO projects only need to deposit their own tokens to the liquidity pool, after which the PMM creates its own ask-side depth. To start an IDO, a project needs to only set the oracle price to a constant. Liquidity is improved by depositing more quote tokens.
Learn more about Uniswap (UNI)/
Learn more about Sushiswap (SUSHI).
Learn more about Curve (CRV).
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Check out CMC impermanent loss calculator.
The total supply of the DODO token is 1 billion (1,000,000,000). There are currently 12 million coins in circulation.
DODO’s total supply will be distributed as follows:
DODO is a decentralized protocol and therefore resistant to centralized network attacks relying on a single point of failure. DODO’s smart contracts were audited by PeckShield, a blockchain security company, on July 10 2020. Its audit report on DODO can be accessed here.
Please be aware that DeFi protocols are innovative and high-risk projects and therefore vulnerable to coding bugs and security issues that could be exploited by hackers and result in the loss of funds.
DODO can now be traded on the centralized exchanges MXC.com, L Bank and BiKi, as well as decentralized exchanges (DEX) like Uniswap V2, Mooniswap and Dodo. You can find others listed on our crypto exchanges page.
Want to purchase cryptocurrencies like Bitcoin and Ethereum directly by credit card in the fiat currency of your choice? Read this guide to learn how.
|DODO Price||$0.202187 USD|
|24 Hour High / Low|
$0.207749 USD /
|24 Hour Volume||$60,395.19 USD|
|Market Cap||$2,416,419 USD|
|Yesterday's High / Low|
$0.231751 USD /
|Yesterday's Open / Close|
$0.228435 USD /
|Yesterday's Change||$-0.033962 USD (-14.87%)|
|Yesterday's Volume||$62,285.76 USD|
|7 Day High / Low|
$0.248513 USD /
|30 Day High / Low|
$0.309034 USD /
|90 Day High / Low|
$0.452530 USD /
|52 Week High / Low|
$0.452530 USD /
|All Time High|
$0.452530 USD(Oct 20, 2020)
|All Time Low|
$0.066092 USD(Oct 19, 2020)
|Circulating Supply||11,951,414 DODO|
|Total Supply||1,000,000,000 DODO|
|Max Supply||No Data|