DODO-ETHEREUM

    DODO, built on Ethereum, is a decentralized exchange (DEX) using a smart Proactive Market Maker (PMM) system to improve liquidity and cut trading costs. Users can easily swap assets like Ethereum (ETH), Wrapped Bitcoin (WBTC), and ERC-20 tokens directly from their wallet, enjoying smooth, no-middleman trades.

    History and Background

    Founded in August 2020 by Diane Dai, Radar Bear, and an anonymous team, DODO (Ethereum) raised $600,000 in seed funding from Framework Ventures, followed by $5 million from investors like Binance Labs and Pantera Capital. Based in Hong Kong, it has grown into a competitive DEX, emphasizing innovative liquidity solutions.

    DODO (Ethereum’s) Global Presence and Reputation

    DODO (Ethereum) serves users worldwide, except in restricted regions like the U.S. due to regulatory constraints. Ranked 174th among DEXs with $292,853 in 24-hour trading volume as of April 2025, it’s praised for its PMM algorithm, offering low slippage and high capital efficiency, though it trails larger platforms like Uniswap in volume.

    Why DODO (Ethereum) Stands Out?

    DODO (Ethereum) excels due to its PMM, which mimics centralized exchange liquidity, single-token liquidity provision, and support for new projects via Initial DODO (Ethereum) Offerings (IDOs). Its multi-chain presence and user-friendly design make it a strong choice for DeFi enthusiasts.

    Key Features of DODO (Ethereum)

    DODO (Ethereum) offers a range of tools:

    • Wide Token Support: Trades ERC-20, ERC-721, and ERC-1155 tokens across Ethereum, Polygon, and Arbitrum.
    • Low Slippage: PMM ensures better prices than traditional AMMs.
    • Gasless Swaps: Zero-slippage trades on Ethereum and BNB Chain via professional market makers.
    • SmartTrade: Aggregates liquidity for optimal swap rates.
    • Crowdpooling: Fair token launches for new projects.
    • Liquidity Pools: Single-token provision reduces impermanent loss.
    • NFT Marketplace: Trades non-fungible tokens.
    • Token Creation: Developers are able to create tokens for 0.02 ETH.
    • DODO (Ethereum) Token: Governance and fee discounts via DODO (Ethereum) and tokens.

    Getting Started on DODO (Ethereum)

    Connecting a Wallet

    A user needs to visit DODO official website and connect a wallet like MetaMask or Trust Wallet. Select a network (e.g., Ethereum), confirm the connection, and access the platform without an account or email.

    Completing KYC/Verification

    DODO (Ethereum) requires no Know Your Customer (KYC) verification, allowing a user to trade anonymously, though local regulations may apply in some regions.

    Enabling Security Features

    A user can secure their wallet by:

    • Storing the seed phrase offline.
    • Using a hardware wallet for large funds.
    • Enabling 2FA in their wallet app, if supported.

    Overview of the Interface

    DODO (Ethereum) interface is clean and intuitive. A user navigates tabs for swapping, liquidity pools, NFT trading, and mining. A beginner mode simplifies token swaps, displaying prices and fees clearly.

    Funding a DODO (Ethereum) Wallet

    Depositing Fiat Currency

    DODO (Ethereum) does not directly accept fiat like USD or EUR. A user can purchase crypto (e.g., ETH) on a centralized exchange like Binance, then transfers it to their DODO to connect the wallet.

    Depositing Crypto

    To fund their wallet:

    • Open a wallet (e.g., MetaMask).
    • Select a coin (e.g., ETH) and network (e.g., ERC20).
    • Copy the wallet address and send crypto from another wallet or exchange.
    • Funds arrive within minutes, ready for trading.
    • Need to match the network to avoid errors.

    Understanding Deposit Networks

    DODO (Ethereum) supports networks like ERC20 for Ethereum tokens and MATIC for Polygon. A user needs to select the correct network when depositing to ensure funds are credited properly.

    Buying and Selling Crypto

    Using Swap Options

    The users can buy or sell via the “Swap” feature:

    • Choose a token pair (e.g., ETH/USDT).
    • Enter the amount and select market or limit orders.
    • Confirm the trade, paying gas fees.
    • Gasless swaps on Ethereum or BNB Chain eliminate fees for deeper liquidity.

    Trading on Pools

    DODO (Ethereum) PMM pools provide liquidity, with prices set by market conditions and oracles. A user checks slippage and approves trades in their wallet.

    Market and Limit Orders

    • Market Order: Executes instantly at the current pool price.
    • Limit Order: Sets a specific price for the trade, pending market match.

    Managing Small Balances

    The user is able to consolidate small balances by swapping them into one token (e.g., DODO (Ethereum)) through the swap feature, incurring gas fees.

    DODO (Ethereum) Wallets Explained

    Wallet Types

    DODO (Ethereum) relies on a user’s external wallet (e.g., MetaMask) for all transactions:

    • Swap Wallet: Holds tokens for trading.
    • Liquidity Wallet: Stores LP tokens for pool contributions.
    • NFT Wallet: Manages ERC-721 and ERC-1155 tokens.

    Transferring Funds

    A user needs to transfer tokens within their wallet by selecting the destination address and network. DODO’s non-custodial nature means funds never leave the user’s control.

    Withdrawing Funds from DODO (Ethereum)

    Withdrawing Crypto

    Since DODO (Ethereum) is non-custodial, a user can withdraw by:

    • Opening their wallet.
    • Selecting the token and network.
    • Entering the recipient address, amount, and paying gas fees.

    Withdrawing to Fiat

    A user converts crypto to fiat by:

    • Sending tokens to a centralized exchange.
    • Selling for fiat (e.g., USD) and withdrawing to a bank.
    • Network fees apply, and a user verifies the correct blockchain.

    Common Withdrawal Errors

    • Wrong Network: Mismatched networks (e.g., ERC20 to BEP20).
    • Insufficient Gas: Lacking ETH for fees.
    • Invalid Address: Sending an incorrect wallet.

    DODO (Ethereum) Earn: Making Passive Income

    A user need to earn through:

    • Liquidity Provision: Adding tokens to public, private, pegged, or classic pools to earn trading fees and DODO (Ethereum) rewards.
    • Crowdpooling: Participating in fair token launches to gain new tokens.
    • Combiner Harvest Mining: Providing liquidity to vetted project pools for DODO (Ethereum) token rewards.
    • Staking: Holding the DODO (Ethereum) for fee dividends and governance voting.
    • A user can join via the “Mining” tab, selecting pools with high APY, but should note impermanent loss risks.

    Advanced Features (Optional for Beginners)

    • Token Creation: A user can create custom tokens for 0.02 ETH, setting parameters like supply or burn fees.
    • NFT Fragmentation: Splits NFTs to boost trading liquidity.
    • SmartTrade Aggregation: Finds the best swap rates across DEXs.
    • Cross-Chain Swaps: Trades tokens between Ethereum, Polygon, and other chains.
    • Beginners may focus on basic swaps before exploring these tools.

    DODO (Ethereum) Mobile App Overview

    DODO (Ethereum) has no dedicated app but supports mobile access via wallet apps like MetaMask, Trust Wallet, or Coin98. A user connects to app.dodoex.io through their mobile browser or wallet app.

    Key Features

    • Swaps, pool management, and NFT trading.
    • Gasless swap options on Ethereum and BNB Chain.
    • Real-time price charts.

    Pros of Mobile Access

    • Convenient for on-the-go trading.
    • Seamless wallet integration.
    • Same features as the web platform, though Ethereum gas fees may apply.

    Safety, Security & Support

    DODO (Ethereum) Security Measures

    DODO (Ethereum) ensures safety with:

    • Non-Custodial Design: A user’s funds stay in their wallet, reducing hack risks.
    • Audited Contracts: Smart contracts verified by security firms.
    • Oracle Integration: PMM uses external price feeds to prevent manipulation.

    Securing a Wallet

    A user protects their funds by:

    • Keeping seed phrases offline.
    • Using hardware wallets for large sums.
    • Avoiding phishing sites mimicking DODO (Ethereum) sites.

    Accessing Support

    DODO (Ethereum) offers:

    • Help Center: Guides at dodoex.io.
    • Community Support: Discord and @BreederDodo on X.
    • Governance Proposals: The users can submit feedback via DODO Implementation Proposals (DIPs).
    • No live chat is available, but community channels are active.

    Pros and Cons of Using DODO (Ethereum)

    Pros

    • No KYC for anonymous trading.
    • Low slippage via PMM algorithm.
    • Single-token liquidity reduces capital needs.
    • Multi-chain support (Ethereum, Polygon, Arbitrum).
    • High capital efficiency compared to AMMs.

    Cons

    • Ethereum gas fees can be high.
    • Lower trading volume ($292,853 daily) than top DEXs.
    • No fiat deposits, requiring external exchanges.
    • Limited visibility in 2025 compared to Uniswap.

    DODO (Ethereum) for Different User Types

    • Beginners: Easy swaps and no KYC suits new users.
    • Traders: Low slippage and limit orders appeal to active traders.
    • Liquidity Providers: Single-token pools and high APY attract earners.
    • Project Developers: IDOs and token creation tools support new launches.
    • NFT Enthusiasts: NFT marketplace and fragmentation for collectors.

    Final Thoughts + Useful Resources

    Is DODO (Ethereum) the Right Choice?

    DODO (Ethereum) suits a user seeking a flexible, efficient DEX with innovative liquidity solutions. Its PMM algorithm and single-token provision make it beginner-friendly and capital-efficient, though high Ethereum fees and lower volume may deter some. DODO (Ethereum) offers unique IDO and NFT features but less liquidity.

    What to Explore Next

    A user can:

    • Try gasless swaps on Ethereum or BNB Chain.
    • Join liquidity pools for passive income.
    • Create a custom token for a project.

    Useful Resources

    • Official Website: dodoex.io for platform access and guides.
    • DODO (Ethereum) Blog: Updates on features and IDOs.
    • X Account: Follow @BreederDodo for news.

    FAQs

    1. How does DODO (Ethereum) Proactive Market Maker (PMM) benefit a user?

    DODO (Ethereum) PMM algorithm optimizes liquidity by mimicking centralized exchange order books, reducing slippage for a user during trades. Unlike traditional AMMs, it uses external price oracles to set competitive prices, ensuring a user gets better rates, especially for large swaps on Ethereum.

    2. Can a user trade NFTs on DODO (Ethereum)?

    Yes, users can trade ERC-721 and ERC-1155 non-fungible tokens (NFTs) on DODO dedicated NFT marketplace. They connect their wallet, list or buy NFTs, and benefit from DODO (Ethereum) low-slippage swaps, making it a versatile platform for digital collectibles.

    3. What is DODO crowdpooling feature, and how does a user participate?

    Crowdpooling allows a user to invest in fair token launches by contributing funds to a project’s pool, receiving new tokens at a set price. The user needs to the “Crowdpooling” tab on app.dodoex.io, selects an active campaign, and deposits tokens, gaining early access to promising projects.

    4. How does a user create a custom token on DODO (Ethereum)?

    A beginner can create a custom ERC-20 token for 0.02 ETH via DODO token creation tool. They connect their wallet, set parameters like name, supply, and optional burn fees, and deploy the token, enabling new projects or personal use cases on Ethereum.

    5. What rewards does a user earn through DODO (Ethereum) Combiner Harvest Mining?

    The users are able to earn DODO (Ethereum) tokens by providing liquidity to vetted project pools in Combiner Harvest Mining. They select a pool in the “Mining” section, deposit tokens, and receive rewards based on their contribution, offering a high-APY opportunity with curated projects.