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DODO is a decentralized finance (DeFi) protocol and on-chain liquidity provider that utilizes a unique proactive market maker (PMM) algorithm. This algorithm strives to provide superior liquidity and price stability compared to other automated market makers (AMM). The PMM pricing mechanism, which simulates human trading, uses oracles to gather highly accurate market prices for assets. It then aims to ensure sufficient liquidity close to these prices to stabilize the portfolios of liquidity providers, reduce price slippage, and mitigate impermanent loss by allowing arbitrage trading as a reward. DODO also supports new crypto projects with an Initial DODO Offering (IDO), requiring issuers to only provide their own tokens. DODO operates as an ERC20 token on the Ethereum network.

thanks for liking l i f e f o r m s by trillobyte @kutuzov
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124 $degen