The protocol also attracted investment from bigger investors like Coinbase Ventures, Galaxy Digital, and Alameda Research.ĭespite today’s exploit on the DeFi protocol, its native cryptocurrency token has remained relatively stable, and at the time of writing, DODO was trading at $3.94, down by a little over 2.55% at midday (ET), but was already up 1.17% to $4.09 at press time. The protocol raised a $600,000 seed round led by Framework Ventures, after which it raised an additional $5 million in a private sale funding round led by Three Arrows Capital, Binance Labs, and Pantera Capital. Many in the crypto community were optimistic about the project that was launched back in August 2020. Any crypto wallet with a built-in DEX browser will allow you to buy and. Why It Matters: The DODO protocol’s native token DODO rose over 96% in a single day on February 18 after announcing it would soon be launched on Binance Smart Chain (BSC). DODO is a decentralized exchange (DEX) platform powered by a unique Proactive Market Making (PMM) algorithm. In Todays Video, Well go through DODO Coin Price Prediction 2022 in Hindi. This article will analyze what DODO is doing differently and how these innovative ideas can revolutionize your relationship with DeFi. DODO is a decentralized exchange leveraging the Proactive Market Maker (PMM) algorithm built on Ethereum and Binance Smart Chain (BSC). It is considered one of the best DEXs for trading assets across multiple chains. DODO Aims to be the Best Decentralize Exchange (DEX). The hack in question took place as a result of an exploiter creating a counterfeit DODO token by manipulating a bug in DODO’s V2 smart contract Crowdpool. DODO is a decentralized trading protocol for Web3, powered by the Proactive Market Maker (PMM) algorithm. Your gateway to the Aurora ecosystem Access your favourite blockchain applications as it should. In an update about the recent events on the protocol's website, DODO later stated that they expected $1.88 million of the stolen funds to be returned. DODO will be launching as the preferred decentralized exchange (DEX) on the NEAR Protocol, a Proof-of-Stake (PoS) blockchain and decentralized application (dApp) platform that uses sharding technology. FEATURES: Taming calculator and guide for every dinosaur. WSZO, WCRES, ETHA, and FUSI pools were impacted, while AC pool funds have been fully recovered.įunds in all other pools, including all V1 pools and all non-Crowdpool V2 pools, are safe.Īs a precautionary measure, the exchange temporarily disabled the pool creation portal while stating on Twitter that they were working closely with their security partner to recover the lost funds. What is DODO DODO is a Decentralized Exchange (DEX) running on Ethereum and Binance Smart Chain. Statistics from DeFi pulse show that the Binance Smart Chain DEX is worth close to around 40Million. After reaching a milestone of a high of 8, the dodo token fell off and is currently selling at a stable 4. On March 8, Several DODO V2 Crowdpools were attacked. Dodo Dex has fallen 7 a week, but that doesn’t make any difference as the exchange is already at 150.
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