DODO Partners with Smart Layer to Enhance the On-Chain Liquidity of SLN

nered with Smart Layer to enhance the on-chain liquidity of SLN. The SLN/ETH pool is now available on DODO as of January 13th.

DeFi aggregation protocol Smart Layer has integrated DODO Proactive Market Maker (PMM) DEX into its on-chain liquidity service. Through this partnership, SLN will be available in a DODO liquidity pool starting January 13th.

SLN is the native token of the Solana (SOL) Layer-2 network, Satellite. It fuels various functionalities within the network, including transaction fees, governance participation, and staking rewards. With its integration into DODO PMM, SLN holders can now efficiently trade the token on a capital-efficient DEX.

DODO Proactive Market Maker (PMM) DEX is a decentralized exchange (DEX) that boasts several unique features. It is built on the Ethereum and Binance Smart Chain (BSC) networks, offering traders a vast selection of token pairs and deep liquidity.

At its core, DODO PMM DEX utilizes the Proactive Market Maker (PMM) algorithm to optimize liquidity pools. This algorithm allows for single-token liquidity provisioning, reducing impermanent loss and ensuring minimal slippage for traders throughout the price curve range.

Moreover, DODO PMM DEX features a SmartTrade module that aggregates liquidity from various DEXs and compares it in real-time to provide traders with the best pricing for their token pairs.

Another unique aspect of DODO PMM DEX is its ability to create liquidity pools for new assets. It allows for real-time customization of various parameters, such as asset ratios, liquidity depths, and fee rates, to cater to specific requirements.

Finally, DODO's Crowdpooling platform provides an on-chain market maker (OMM) infrastructure with a decentralized Crowdpooling protocol, enabling new projects to launch their token offerings equitably and efficiently.