Decentralized finance (DeFi) has revolutionized the financial landscape, offering unparalleled opportunities for innovation and growth. Among the pioneering projects is DODO, a DeFi protocol that leverages a proactive market maker (PMM) algorithm to optimize liquidity and minimize slippage. By mimicking centralized exchanges, DODO's PMM actively shifts buy and sell orders to align with market prices.
DODO is a decentralized exchange (DEX) hosted on Ethereum and Binance Smart Chain, offering an alternative to automated market maker (AMM) technology. Its SmartTrade platform compares liquidity sources to set optimal prices for trading token pairs. Additionally, DODO enables investors to customize fees, crypto ratios, and liquidity depths. The platform also facilitates Crowdpooling and Initial DEX Offerings (IDOs), resolving critical issues like frontrunning.
Founded by Radar Bear and Diane Dai, with a pseudonymous Chinese development team, DODO has secured significant funding. The project received $600,000 in seed funding from Framework Ventures and $5 million from Binance Labs, Pantera Capital, and Three Arrows Capital. Major players like Coinbase Ventures, Alameda Research, Galaxy Digital, and CMS Holdings have also invested in DODO.
DODO's crypto project statistics reveal a total supply of 1 billion tokens, with 110.5 million in circulation. The scheduled release of coins will continue until April 2025. Community incentives account for 60% of tokens, with IDO liquidity, seed sale, operations, marketing, and team/advisors comprising the remaining categories. Despite suffering a security breach in March, DODO's price stabilized at around $1.4 with an upward trajectory.
DODO's all-time-high price was $8.25 on February 21, 2021. As of now, the token's market capitalization sits at $180 million, ranking 51st on DefiPulse. With $78.9 million staked tokens, DODO's total value locked (TVL) continues to grow. Any crypto wallet with a built-in DEX browser allows users to buy and trade DODO tokens.
In conclusion, DODO's PMM approach offers promising solutions for DeFi's liquidity and slippage challenges. While security breaches have occurred, the project's resilience and growth potential make it an attractive addition to a diversified DeFi portfolio. Investors should monitor DODO's developments and consider its potential for future growth.
Dogecoin (DOGE) Price Predictions: Short-Term Fluctuations and Long-Term Potential
Analysts forecast short-term fluctuations for DOGE in August 2024, with prices ranging from $0.0891 to $0.105. Despite market volatility, Dogecoin's strong community and recent trends suggest it may remain a viable investment option.
Long-term predictions vary:
- Finder analysts: $0.33 by 2025 and $0.75 by 2030 - Wallet Investor: $0.02 by 2024 (conservative outlook)
Remember, cryptocurrency investments carry inherent risks. Stay informed and assess market trends before making decisions.
After a parabolic move to $0.235, $KERNEL is stabilizing near key support levels (EMA25/EMA99). With volume still elevated and buyer strength dominating the order book, this DeFi midcap remains in play.
Keep an eye on price consolidation ā any reclaim above $0.18 could trigger the next leg up.
Earn 12.9% APR with $LAYER ā No Trading, No Stress
Not everyone wants to stare at charts all day or chase the next pump. If you're like me and prefer simple, steady returns ā $LAYER Locked Products on Binance are worth checking out. Hereās what I did: Opened BinanceWent to [Earn]Searched for āLAYERāPicked a lock-up termSubscribed in under 2 minutes And thatās it ā I started earning up to 12.9% APR with zero gas fees or farming hassle. Just clean, passive income. But why $LAYER? Because it powers @Solayer , a serious DeFi ecosystem building for real users ā not just hype. Their products include: InfiniSVM: A chain hitting 1M+ TPSsUSD: A stablecoin backed by U.S. T-Bills (earning 4% APY)sSOL: Liquid staking with strong yieldEmerald Card: Spend USDC anywhere via Apple/Google Pay ā earn rewards too Itās all fully on-chain. Fully transparent. The team is stacked ā ex-AWS, Aptos, Sushi devs. The backers? Binance Labs, Polychain, Anatoly (Solana), and Sandeep (Polygon). No fluff. Just results. If youāre already holding $LAYER, donāt let it sit idle. Put it to work and earn passively. Subscribe here: Link
$EOS Check out my latest trade. Let's see if you can top it!
Just made a fresh EOS buy trade on Binance via EOS Terminal at $0.781 with 64 EOS. Watching the trend closely as momentum builds. Strategy is simple: buy into strength, ride the recovery wave, and take profit near resistance if volume confirms. Risk is low, and upside looks promising as EOS continues gaining traction.
Follow the tutorial above to explore Terminal. Try it out with BTC and start trading with the community today!
š Tutorial Link
Let's see how this plays out ā are you trading EOS too?