What is DODO?
DODO showed up in 2020 on Ethereum and quickly branched to BNB, Polygon, Arbitrum, Avalanche, even newer chains like Base and Optimism. Unlike usual AMMs, DODO runs a PMM - Proactive Market Maker - which means tighter prices and less idle capital.
Quick snapshot
- Launched: August 2020
- Core tech: PMM, not AMM
- Chains: Ethereum, BNB, Polygon, Arbitrum, Avalanche, Base, Optimism, Linea
- Fees: Flat 0.3% on trades
- Supported tokens: Thousands of ERC-20s and BSC coins
- Audits: CertiK, SlowMist, Trail of Bits, PeckShield, more
- Extras: NFT vaults, crowd launches, private pools, limit orders
Why DODO stands apart
Most AMMs spread liquidity evenly - even where it does nothing. DODO's PMM pulls price data from oracles so liquidity clusters around actual prices. Swappers get better fills, LPs don't waste money. Want to launch your meme coin? DODO crowdpooling is built for that. There's also private pool tools, plus an NFT vault for tokenized art.
Fees, usage, and volume feel
It's a simple flat 0.3%. Not ultra-low, but clear. Trades move fast on Arbitrum, Optimism, and other L2s. Slippage generally undercuts older AMMs. Big stable pools mean your USDT swaps slide through with barely a wiggle.
Security and audits
- Audited by Trail of Bits, CertiK, PeckShield, SlowMist, Sherlock, Beosin, MythX.
- Live bug bounty on Immunefi keeps researchers hunting bugs.
- Contracts are public and tied into major explorers so you can double-check.
User feedback
Reviews average 4.7/5. Traders praise low slippage. Token teams launch there because it's easier than rolling their own contracts. Downsides? UI quirks, plus if Ethereum itself is clogged, your confirms still lag.
Quick pros and cons
- Why use it: PMM cuts waste, gives tight prices, heavy audit list, NFT and launch extras, multi-chain reach.
- Why skip: Flat 0.3% can be pricier than dirt-cheap AMMs, PMM may confuse new LPs, UI could polish up.
Bottom line
DODO isn't hype. It's just a rock-solid DEX. Lower slippage, proven audits, extras like private pools and NFT vaults - all there. Try a small trade, see how tight it fills. If you're serious about DeFi beyond micro alt plays or CEX hand-holding, it's worth wiring up your wallet and experimenting.