What is DODO?
DODO is a decentralized
exchange that facilitates omni-trading across various blockchain networks. It
uniquely supports Ethereum rollups and Bitcoin Layer 2s.
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This guide contains the
Binance Learn and Earn DODO Quiz Answers to get a 5 DODO principal
reward for free.
Binance Learn and
Earn DODO Quiz Answers
Question: Which components are essential to the functionality
of the DODOchain’s core trading hub?
Answer: All of the above.
Question: What is DODO main role in the DODOchain ecosystem as
of its launch?
Answer: To act as the omni-trading hub.
Question: What is the role of the $DODO token on DODOchain?
Answer: It offers staking opportunities, allowing token
holders to engage more directly with the platform and benefit from its growth.
Question: Which of the following is the role of the DODO token
within DODOchain?
Answer: Acting as a primary asset eligible for staking with
basic staking rewards.
Question: What makes DODO DEX unique as an omni-trading
platform?
Answer: It facilitates seamless trading across various
blockchain networks, including Ethereum rollups and Bitcoin Layer 2s.
Question: What technologies power the DODOchain?
Answer: Arbitrum Orbit, EigenLayer, and AltLayer.
Question: What is the purpose of the proposed migration of 200
million DODO tokens to DODOchain?
Answer: To enhance Total Value Locked (TVL) and support user
growth on DODO DEX.
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Introduction
DODO is a
decentralized exchange that facilitates omni-trading across various blockchain
networks. It uniquely supports Ethereum rollups and Bitcoin Layer 2s, allowing
users to seamlessly trade Bitcoin and Ethereum tokens, yields, and points all
in one integrated platform, while also benefiting from restaking incentives
offered by ecosystem partners.
With the
launch of DODOchain in 2024, DODO is poised to transform into a core exchange
on DODOchain, powered by advanced technologies like Arbitrum, EigenLayer, and
AltLayer. This strategic development promises to enrich the trading experience,
offering additional incentives and strengthening DODO’s role in the
decentralized finance landscape.
DODO’s
History
Launched with
a vision to revolutionize the DeFi space, DODO debuted its platform with the
unique Proactive Market Maker (PMM) algorithm that centered liquidity around
oracle prices to significantly uplift capital efficiency and improve exchange
rates for mainstream assets. DODO has since continuously evolved, adding robust
features such as the Swap Aggregator DODOX, Limit Orders, Crosschain Swap
Aggregator, Launchpad, Token Creator, and Trading Widgets.
With
deployments across 14 mainnets, DODO has facilitated over $141 billion in total
trading volume through more than 24 million transactions, engaging over 3.31 million
users globally. The April 2024 introduction of DODOchain signifies a major leap
towards becoming an Omni Trading DEX, further enabling the platform to unify
liquidity from diverse chains and support direct asset trading across the
Ethereum and Bitcoin ecosystems.
Key
Features
At the core
of DODO’s innovation is the PMM algorithm, which is designed to provide highly
capital-efficient liquidity pools. This system supports single-token liquidity
provision, which substantially mitigates impermanent loss and reduces slippage
during trades.
Key to the
PMM's effectiveness is the 'k' parameter, which controls how sensitive prices
are to changes in asset availability. A higher 'k' value means prices react
more sharply, leading to steeper price changes, while a lower 'k' value smooths
out price fluctuations.
Through its
versions, DODO has continuously enhanced its offerings. DODO V1 established
robust and reliable liquidity, which is especially beneficial for stablecoin
trading. DODO V2 opened up the system, allowing anyone to set up their own
liquidity pools tailored to specific needs, ranging from general trading to
specialized pools like the DODO Vending Machine for unique assets, the DODO
Private Pool for mainstream tokens, and the DODO Stable Pool for stablecoins.
Launched in 2023, DODO V3 is tailored for professionals, refining strategies
and revenue sharing among Liquidity Providers and Strategy Providers and
introducing safeguarding measures like collateralization.
DODO also
incorporates DODO X, an advanced routing algorithm that extends DODO’s reach by
connecting with almost all available on-chain liquidity sources—not only from
DODO’s own pools but also from major
platforms like Uniswap. This setup, combined with data from aggregators such as
1inch and 0xAPI, ensures that traders on DODO receive the best prices and a
broad spectrum of trading options, reinforcing its leading edge in the
decentralized finance arena.
How
Does It Work?
DODO powers
the DODOchain omni-trading hub, enabling smooth and efficient trading across
different blockchain networks, even those that aren't EVM-compatible. The
system is built on three main components: the DODO Core Trading Engine, Trusted
Bridges, and Layer3 architecture.