Introduction to DODO

What is DODO

DODO is a next-generation on-chain liquidity provider, which leverages the Proactive Market Maker algorithm (PMM) to provide pure on-chain and contract-fillable liquidity for everyone.

How does DODO work

DODO accepts liquidity providers’ assets. It gathers funds near market prices to provide sufficient liquidity. In order to minimize counterparty risks for LPs, DODO dynamically adjusts market prices to encourage arbitrageurs to step in and stabilize LPs' portfolios.


  • Low slippage
  • Single risk exposure
  • No impermanent loss

What can I do with DODO

As a trader

  • Each and every trader enjoys sufficient liquidity similar to that of centralized exchanges
  • Arbitrageurs can profit from price discrepancies between DODO and other exchanges
  • Smart contracts can natively use DODO liquidity to complete on-chain transactions, such as liquidation and auctions

As a LP

  • There are no minimal deposit requirements and restrictions on asset types
  • DODO charges a fee for each transaction and eventually distributes it to LPs as rewards
  • LPs can create trading pairs with their own tokens
  • LPs can obtain liquidity by depositing their tokens they already own, without taking on price risk