What is DODO?
DODO is a decentralized finance (DeFi) protocol and on-chain liquidity provider that uses a proactive market maker (PMM) algorithm designed to deliver superior liquidity and price stability compared to traditional automated market makers (AMM).
DODO can now be swapped for thousands of available assets on LetsExchange.io.
What are the leading market indicators of the token?
The project was launched in 2020. Its total market capitalization is $78,687,563, with an all-time low of $0.08097 and an all-time high of $8.38. The project is now ranked 378. The DODO token is available for swaps on LetsExchange.io.
What else makes us believe that DODO may be a wise investment?
DODO uses the PMM pricing mechanism to emulate human trading and uses oracles to collect precise asset market prices. It ensures sufficient liquidity near these prices to stabilize liquidity providers' portfolios, reduce price slippage, and mitigate impermanent loss by enabling arbitrage trading as a reward.
Thus, DODO may be a good investment.
The DODO website is visited by over 171M visitors. The project has over 254K followers on Twitter and 12K followers on Telegram.