DODO is a decentralized exchange using a unique Proactive Market Maker (PMM) algorithm instead of a standard AMM. PMM actively adjusts the price closer to market, reducing impermanent loss and improving liquidity. The platform supports single-token pool creation, simplifying liquidity provision. DODO operates on Ethereum, BSC, Polygon, Arbitrum and other networks.

Advantages

• PMM algorithm reduces impermanent loss
• Single-token pools — easier liquidity provision
• Wide multi-chain support
• Built-in route aggregator

Disadvantages

• Lower brand recognition in Western markets
• Lower liquidity compared to top DEXes
• Complex PMM algorithm documentation

Security

• Audits by PeckShield, Trail of Bits and others
• Non-custodial protocol
• Operating since 2020