DODO initiated the DIP-19 proposal to "migrate the DODO liquidity pool on Ethereum to DODOchain."

2024-05-09 16:16:02

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ChainCatcher news, the decentralized trading protocol DODO has released the DIP-19 proposal on the community forum, proposing to close the DODO liquidity pool on the Ethereum network and fully migrate it to the DODOchain mainnet.

It is reported that this migration aims to better serve the trading needs of DODO holders on DODOchain, enhance the trading capabilities of DODO tokens with multi-chain assets, and provide more profit opportunities for DODO liquidity providers.

The DODO team stated that after the migration, users can provide liquidity for the DODO pool on DODOchain and receive token incentives. Once the proposal is approved, the DODO team will migrate the currently multi-sig managed DODO-USDT pool on Ethereum after the launch of the DODOchain mainnet. Since its creation on September 29, 2020, this pool has generated over $600 million in trading volume and accumulated over $1.91 million in fees.

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DODO DODOchain liquidity pool

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DODO DODOchain liquidity pool

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DODO Decentralized trading platform