About DODO (Ethereum)
What Is Dodo (Ethereum)?
Dodo is an Ethereum-based decentralized exchange with a “proactive market maker,” a customized version of an automated market maker (AMM). Dodo provides a way to issue and trade digital assets on the blockchain. It provides both its own and aggregated liquidity from other exchanges, which, according to its whitepaper, allows the exchange to offer the best prices for Web3 assets anywhere.
Users can swap different tokens in a permissionless manner, either through market orders or limit orders. Dodo also offers gasless swap routes, which use professional market makers for deeper liquidity with zero slippage and gas fees. Furthermore, an NFT market enables the trading of ERC-721 and ERC-1155 tokens. The liquidity provider program is one of the ways to earn on the exchange, and users can add liquidity to receive LP tokens and earn a share of the trading fees. Another way is mining, where users engage either in single coin mining or LP market-making mining by adding funds to designated liquidity pools. There is also the option to borrow flash loans and deploy capital in a more efficient way.
Who Are the Dodo Founders?
According to Crunchbase, Dodo was founded by Qi Wang and Shichao Dai, two Chinese nationals. The DEX raised a total of $5 million from 17 different ventures, including Coinbase Ventures, Defiance Capital and Galaxy Digital.
When Did Dodo Launch?
Dodo launched in August 2020.
Where Is Dodo Located?
Crunchbase lists Hong Kong as the exchange’s headquarters.
Dodo Restricted Countries
At the time of writing, there is no information about restricted countries on this exchange.
Dodo Supported Coins List
Dodo has deployed on almost all EVM-compatible blockchains like Arbitrum, Optimism, Avalanche and Aurora. It thus supports a plethora of different tokens across all blockchains, including all major tokens, as well as wrapped Ether and wrapped Bitcoin.
How Much Are Dodo Fees?
Dodo charges a small usage fee for creating new tokens (0.02 ETH) but does not provide any information about trading fees.
Is It Possible to Use Leverage or Margin Trade on Dodo?
There is currently no option to margin trade, but the roadmap promises to introduce leverage trading in 2022.
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