DODO (BSC)

What Is Dodo (BSC)?

Dodo is a decentralized exchange with a “proactive market maker” deployed on BNB Chain. It employs a custom-made automated market maker (AMM), which enables simple trading and issuance of digital assets. Besides aggregating liquidity from other decentralized exchanges, it provides its own liquidity through liquidity providers. The exchange’s whitepaper claims that it offers the best prices for web3 assets anywhere.

The easy and permissionless swapping of different tokens with market orders or limit orders is accomplished through gasless swap routes that use professional market makers for deeper liquidity with zero slippage and gas fees. An NFT market allows users to trade ERC-721 and ERC-1155 tokens. Moreover, the liquidity provider program is one of the ways to earn on the exchange. For instance, by adding liquidity to receive LP tokens, users can earn a share of the trading fees. They can also mine single coins or engage in LP market-making mining by adding funds to designated liquidity pools. Flash loans are another option to deploy capital quickly and efficiently.

The token creation tool allows developers to deploy tokens on several blockchains like Ethereum, BNB Chain, Polygon and OKC.

Who Are the Dodo BSC Founders?

Dodo BSC was founded by two Chinese nationals, Qi Wang and Shichi Dai, according to information on Crunchbase. It raised a total of $5 million from 17 different ventures, including Coinbase Ventures, Defiance Capital and Galaxy Digital.

When Did Dodo BSC Launch?

Dodo BSC launched in August 2020.

Where Is Dodo BSC Located?

Crunchbase lists Hong Kong as the exchange’s headquarters.

Dodo BSC Restricted Countries

At the time of writing, there is no information about restricted countries on this exchange.

Dodo BSC Supported Coins List

Thanks to deployment on multiple EVM-compatible blockchains like Arbitrum, Optimism, Avalanche and Aurora, Dodo BSC supports different tokens across different blockchains. This includes all major tokens and wrapped Ether and wrapped Bitcoin.

How Much Are Dodo BSC Fees?

Dodo BSC charges a small usage fee for creating new tokens (0.05 BNB) but does not provide any information about trading fees.

Is It Possible to Use Leverage or Margin Trade on Dodo BSC?

There is currently no option to margin trade, but the roadmap promises to introduce leverage trading in 2022.