What Is DODO Exchange?
DODO Exchange is a capital-efficient, low-slippage on-chain liquidity provider built on Ethereum and powered by the Proactive Market Maker (PMM) algorithm. The DODO protocol is governed by the DODO token, which is distributed through a series of community incentive programs called “DODO Carnival”.
There is no need for liquidity providers (LPs) to deposit both tokens of the desired trading pair proportional to the current price. Instead, LPs deposit only the tokens they have, and nothing more.
How to Swap in DODO exchange?
1. Select ‘Trade’, choose the trading pair from the list, and enter the desired amount. Below you will see price impact and estimated amount you receive. Tap ‘Swap’ and confirm the transaction in your wallet, pay gas fee.
How to Stake DODO tokens and Earn DODO?
1. Enter Mining. You will see balance of your realized mining rewards, your claimable rewards, and a list of options. Click on the first tab ‘DODO’.
2. You will see information on DODO staking, such annual percentage yield (APY), unstaked amount, staked amount, and DODO reward tokens that can be claimed. Click ‘Stake’.
* Please note that you can only stake and unstake your entire DODO balance
3. If you are sure to stake click ‘Confirm’, approve the transaction in your wallet. Pending transaction will have a window as below.
4. Successfully staked you will the window with information about your staking. The number of rewards will increase gradually. To claim the rewards tap on ‘Claim’. Approve and confirm this transaction in your wallet. To get your DODO tokens back click on ‘Unstake’ and confirm this transaction in your wallet.
How to Provide Liquidity and Deposit LP Token?
1. Enter ‘Exchange’, then ‘Pool’, tap ‘Deposit’ find the liquidity you want to deposit to. Enter the desired amount of one of two assets. Check the details of the pool and tap ‘Confirm’. Confirm the transaction in your wallet
2. Once the transaction is successful you can check information about liquidity in ‘My Pool’.
3. Enter Mining again, select ETH-USDC pair, tap ‘Approve’ in ETH (as you have deposited to ETH-USDC pool, now you have ETH DLP token for ETH-USDC pair). Confirm the transaction in your wallet.
4. Click ‘Stake’ and confirm this transaction in your wallet.
5. If DLP token has been successfully staked the DODO amount will change as well as Claimable rewards amount.
*Please pay attention that every financial operation and decision has a potential investment risk, when making an investment think carefully, do not take any impulsive decision.