12/19/2023 0 Comments Dodo crypto coinbase![]() ![]() Besides, LPs are rewarded with DODO tokens for their contribution to the platform. In addition to that, they can establish new trading pairs. Also, to eliminate price risks, LPs can deposit their own tokens. This is the case because there is no minimum liquidity deposit set, and there’s no restriction on the type of assets for liquidity provision. Lastly, note that the liquidity providers (LPs) on the DODOEx have a lot of freedom of choice as well as other benefits. It simplifies the process of creating markets and distributing tokens, this way allowing users to easily establish their own liquidity markets for their assets. The DODO platform also offers the DODO Vending Machine, which essentially allows anyone to create their own trading platform. It differs from traditional IDOs held by AMM-based DEXs in that projects just need to deposit their own tokens on DODOEx, as opposed to depositing both their project tokens and quote tokens to liquidity pools. It’s also worth mentioning that DODO provides new projects with a free-of-charge crowdfunding opportunity through its custom IDO called the Initial DODO Offering. ![]() If the prices change, the liquidity is automatically adjusted.īesides, since PMM allows arbitrage trading, it eliminates the risk of impermanent loss, as well as reduces price slippage and single-risk exposure. The portfolios of liquidity providers are then stabilized by providing sufficient liquidity according to these prices. PMM features a pricing mechanism, which uses oracles that collect up-to-date information about crypto asset prices. What Is PMM? Instead of implementing the AMM technology, as most DEXs do, DODOEx utilizes the proactive market maker (PMM) algorithm. Besides, due to its unique PMM algorithm, DODOEx provides arbitrageurs with beneficial price differences in comparison to other exchanges. The liquidity can be used for operations like liquidations and auctions. Check out the DODO price chart above to see the live DODO price.įor traders, DODOEx provides a sufficient amount of liquidity, comparable to the amount provided by centralized exchanges (CEXs). Please appreciate that there may be other options available to you than the products, providers or services covered by our service.DODO is the native token of DODOEx, which is a cross-chain decentralized exchange (DEX) and liquidity aggregator. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. ![]() While we are independent, the offers that appear on this site are from companies from which receives compensation. Savings account interest income tax rateį is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.Minimum credit score for credit card approval. ![]()
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