The DODO community allocated 10 million DODO to incentivize the BTC trading pair through the DIP-20 proposal

2024-07-23 19:28:00

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ChainCatcher news, the decentralized trading protocol DODO has announced that the DIP-20 proposal to "allocate 10 million DODO to incentivize BTC trading pairs on Select Chains" has been voted through on the Snapshot page.

This initiative aims to leverage DODO's Pegged Asset Pool to enhance liquidity, attract significant trading volume, and generate revenue that can offset the incentives provided. Furthermore, this strategy supports DODOchain's role as a liquidity settlement layer, facilitating future BTC trading and creating more value for DODO holders.

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DODO Decentralized trading platform