💧 DODO V2: A Leap Forward in Decentralization
Launched in February 2021, DODO V2 marked a significant evolution in the decentralized finance (DeFi) space. Over the subsequent two years, it has undergone continuous iterations to improve and expand its offerings. Unlike its predecessor, DODO V1, which limited pool creation and market-making strategies to the DODO team with a sole reliance on Oracle for price feeds, DODO V2 introduced a fully permissionless system. This pivotal upgrade democratized the creation of capital pools and market-making strategies, empowering anyone to contribute to the ecosystem.
DODO V2 offers a suite of three distinct types of liquidity pools designed to cater to the diverse needs of various tokens:
DODO Vending Machine (DVM): Tailored for long-tail tokens, the DVM is an innovative solution for assets that are not widely traded but still require market liquidity.
DODO Private Pool (DPP): Aimed at mainstream tokens, the DPP provides a more bespoke liquidity environment, allowing for greater control over trading strategies and parameters.
DODO Stable Pool (DSP): Specifically for stablecoins, the DSP ensures efficient and stable liquidity management, addressing the unique requirements of stablecoin trading pairs.
It is important to note that DODO V2 was not designed to replace DODO V1. Instead, it serves as a complementary part, expanding the capabilities and reach of the DODO ecosystem. Through these innovations, DODO V2 continues to push the boundaries of what's possible in DeFi, offering enhanced flexibility, increased accessibility, and a more robust infrastructure for liquidity providers and traders alike.
You can find the pool list here and more details about the smart contract here.