$DODO is the native token of the DODO decentralized finance (DeFi) protocol, a multi-chain liquidity hub and decentralized exchange (DEX) designed to offer efficient on-chain trading and liquidity services. It stands out from many DeFi DEXs because it uses a Proactive Market Maker (PMM) algorithm instead of the traditional Automated Market Maker (AMM) model like Uniswap.
The PMM algorithm leverages price oracles to concentrate liquidity around real market prices — aiming to reduce slippage and lower impermanent loss for liquidity providers compared with passive AMM designs.
📊 Price & Market Snapshot
Here’s how DODO looks recently:
Current Price: ~$0.017–$0.02 USD (recent range).
All-Time High: ~$8.38 (February 2021).
Total Supply: 1 billion DODO.
Circulating Supply: ~725 million DODO.
Price performance shows DODO has declined significantly from its peak, reflecting broader DeFi market dynamics and competition among DEXs.
⚙️ Core Utilities of the DODO Token
🗳️ Governance
DODO is primarily a governance token — holders vote on protocol decisions, fee models, upgrades, and ecosystem direction via the DODO DAO.
📊 vDODO Membership
By staking DODO, users can mint vDODO, a membership token that offers amplified voting power, fee discounts, and potential dividends from trading fees — incentivizing long-term alignment.
🧠 Summary
DODO (DODO) is a DeFi liquidity and governance token powering an innovative decentralized exchange and liquidity hub. Its Proactive Market Maker algorithm seeks to improve capital efficiency and trading conditions compared to passive AMMs, while governance, staking, and membership (vDODO) utility align community incentives. Although the token is down from its peak, the project continues developing features like cross-chain liquidity layers and DEX toolkits that could enhance its long-term relevance in DeFi.
$NFT
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