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Dodo

DODOBTC: important level" What Is DODO? DODO is a DeFi protocoldecentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM). The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage and negate impermanent loss by allowing arbitrage trading as reward. DODO also caters for new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens. DODO’s smart contract operates as an ERC20 token on the Ethereum network. Who Are the Founders of DODO? Dodo was officially launched in August 2020, founded by Diane Dai, Radar Bear and an anonymous development team. It initially attracted a $600,000 seed round led by Framework Ventures. The team announced in September 2020 that it had successfully completed an additional $5 million private sale funding round, led by Pantera Capital, Binance Labs and Three Arrows Capital. The private sale round also attracted investment from several other prominent venture capital firms, cryptocurrency exchanges and trading firms that include Coinbase Ventures, Galaxy Digital, CMS Holdings and Alameda Research. What Makes DODO Unique? DODO positions itself as one of the most competitive liquidity providers that offers very low transaction fees and price slippage through its PMM algorithm, first conceived in April 2020. The team claims their PMM algorithm provides superior pricing over that of AMM competitor Uniswap due to a flatter price curve. The PMM collects funds near market prices to establish enough liquidity, which drops quickly the further the price moves from the market price. DODO automatically adjusts market prices in order to attract arbitrage that will help keep liquidity provider portfolios stable. This ensures more favorable pricing, higher fund utilization and decreased price slippage, single risk exposure and no impermanent loss (explained here). For traders, DODO offers sufficient liquidity comparable to that of centralized exchanges (CEX), which can be natively used by smart contracts for on-chain transactions such as liquidation and auctions. Arbitrageurs can also take advantage of price differences between DODO and other exchanges. Liquidity providers are not required to make a minimum deposit and are not restricted on the type of asset they provide. LPs can create their own trading pairs, deposit their own tokens to negate price risk and also collect a portion of DODO transaction fees as rewards. DODO also attracts new crypto projects with a free listing as an Initial DODO Offering (IDO). Unlike AMM protocols, DODO does not require quote tokens, and IDO projects only need to deposit their own tokens to the liquidity pool, after which the PMM creates its own ask-side depth. To start an IDO, a project needs to only set the oracle price to a constant. Liquidity is improved by depositing more quote tokens." source: CMC
by sequentialvzion
🆓DODO (DODO) June-6 #DODO $DODODODO is trying to stop the decline at 1.6$ zone, if successful, it will pump up to 2$, 3$ or even 3.8$ zone in this June. But if it loses this 1.6$ zone, it will fall down to 1.2$ or 1$ and find out a chance to move up again 📈BUY - Buy : 1.45-1.55$ if A. SL if B - Buy : 1.95-2.05$ if A. SL if B 📉SELL - Sell : 1.95-2.05$. SL if A - Sell : 2.9-3.1$. SL if A - Sell : 3.7-3.9$. SL if A ♻️BACK-UP - Sell : 1.45-1.55$ if B. SL if A - Buy : 1.17-1.23$ if A. SL if B - Buy : 0.97-1.03$ if A. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
DODO / USDT Accumulation channel. Breakout resistance.This idea is a continuation of the previous one, for monitoring price movement on an interactive chart. Accumulation channel 26%. Breakout of the resistance of this channel. Potential development of an uptrend. Be vigilant in your work. Read the last trading idea, this one is a continuation of it. Last update of this trading idea. Since the last update (minimum values during a trend reversal), the price has made + 55% at the moment
by SpartaBTC
12
🔥 DODO Channel ContinuedDODO has been trading inside this channel for a couple of months now. The last two break outs from said channel were, in retrospect, fake outs caused by Bitcoin's increased volatility. Currently, DODO is seeing strong bullish price action. Seeing the state of the market, it's to be expected that this will keep going for a couple of days. First target would be the channel resistance. In case that breaks we might even shoot towards the current ATH. Happy trading!
Long
by FieryTrading
15
🆓DODO/USDT Analysis (24/4) #DODO $DODODODO is heading to the 3.5$ zone, which is very strong that could push DODO down to 2.5$ zone again or even 2$ zone DODO is a potential coin which targets at 5$ and 6$ in May 📈BUY -Buy: 2.4-2.6$. SL B -Buy: 2.9-3.1$ if A. SL B -Buy: 3.5-3.7$ if A. SL B 📉SELL -Sell: 3.5-3.7$. SL A -Sell: 4.9-5.1$. SL A -Sell: 5.9-6.1$. SL A ♻️BACK-UP -Buy: 1.9-2.1$ if A. SL B ❓Details Condition A : "If 12H candle closes ABOVE this zone" Condition B : "If 12H candle closes BELOW this zone"
Long
by CryptoStation