DODO Project’s market algorithms could revolutionise Crypto Exchanges

While most DEXs work on the concept of an automated market maker (AMM), the DODO project aims to go one step further and change the way DEX works before it actually becomes mainstream. increase. It is backed by Binance and others with over $ 5 million in funding.

DODO is a DEX platform that promises traders "a capital-efficient liquidity pool that supports the delivery of single tokens, reduce whimsical losses and minimizes slippage." This promise comes from what the platform calls the Proactive Market Maker (PMM). This is a new kind of algorithm that makes buying and selling decisions on the platform.

The DODO project claims that its PMM can even be adjusted to take into account external price oracles to avoid whimsical losses. This is a phenomenon that affects liquidity providers when the price of an asset changes between deposit and withdrawal to provide liquidity.

The platform has also introduced a "light" version of the DODO app for those unfamiliar with the decentralized finance (Defi) ecosystem. The DODO LITE app provides users with a clean experience and facilitates trading.