Asia DAX Week * day 4
Asia DAX Week hosted last week by Asia Blockchain Centre (ABC) recognized as the biggest virtual event in Asia for people to understand Digital assets, Market exchange, and also how to identify scam
DODO is a next-generation on-chain liquidity provider, which leverages the Proactive Market Maker algorithm (PMM) to provide pure on-chain and contract-fillable liquidity for everyone. DODO, which launched a closed-beta pilot project on August 15, has been running a proof of concept campaign aiming to prove that it has lower slippage than competitors such as Uniswap. It opened to the public on August 25 and is developing new trading pairs. Unlike many liquidity providers that use 'Automated Market Making' (AMM), DODO’s special sauce is a new marketing-making algorithm, called ‘Proactive Market Making’ (PMM).
“Proactive market-making uses a formula that mimics the behaviors of human market makers, and efficiently allocates funds near the market price,” Diane Dai, co-founder of DODO told Decrypt. By comparison, AMM is inefficient since only funds allocated near the market price can be executed, she said. DODO’s team has built on their time at DDEX and from organizing the DeFi community in China, and has brought to market a PMM that provides traders with the best execution while increasing capital efficiency for liquidity providers. Like all DeFi projects, risks exist. Other than the typical front running and back running, DODO’s biggest risks come from its price oracle. On its mainnet, DODO integrates with Chainlink, which provides price updates by aggregating responses from 21 independent price feeders (oracles). But oracle infrastructure is no guarantee during extreme market volatility. So what’s with the name? Dodo birds were large birds, unable to fly, that are now extinct—not a very auspicious symbol.
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Blocklime Technology SDN BHD is a distributed ledger (DLT) service company based out of Petaling Jaya, Malaysia. Blocklime provides blockchain development, technical consultation, and developers training services. To find out about us please visit: https://www.blocklime.com/
Missed out the live broadcast? Check out the full video here: https://web.facebook.com/Asiablockchaincentre/videos/387726959287825/