DODOchain Debuts: Revolutionizing Omni-Chain Trading and Liquidity Sharing

DODO has launched DODOchain, a Layer3 Omni-Trading platform powered by Arbitrum Orbit, EigenLayer, and AltLayer. DODOchain consolidates liquidity from various chains into a unified platform, enabling cross-chain trading, liquidity sharing, and issuance and management of assets across different blockchains. The aim is to enhance trading opportunities and address challenges faced by Layer2 solutions, including fragmented liquidity, high costs, and security risks.

DODOchain: Unveiling the Next Frontier of Omni-Chain Trading and Liquidity Sharing

DODO (DODO), a leading provider of on-chain liquidity, has announced the launch of DODOchain, an industry-first Omni-Trading Layer 3 protocol. Powered by the innovative technologies of Arbitrum Orbit, EigenLayer, and AltLayer, DODOchain bridges the Layer 2 networks of Bitcoin (BTC) and Ethereum (ETH), creating a unified platform for seamless cross-chain trading and liquidity sharing.

A Vision of Cross-Chain Interoperability and Efficiency

DODOchain's genesis lies in the vision of a blockchain ecosystem where users can seamlessly issue, trade, and manage their assets across multiple blockchains. This vision is driven by the recognition that fragmented liquidity and disconnected blockchain networks limit the potential of cross-chain trading.

Leveraging the Power of Proactive Market Making

The development of DODOchain was catalyzed by the success of DODO's Proactive Market Maker (PMM) algorithm, introduced in August 2020. This algorithm revolutionized liquidity concentration around oracle prices, resulting in increased capital efficiency and more favorable exchange rates. The subsequent release of DODO V2 in February 202, with its diverse liquidity pools and additional features such as DODOX and Limit Orders, further expanded DODO's capabilities.

Exponential Growth and Community Adoption

Since its inception, DODO has experienced exponential growth, with over $141 billion in total trading volume, more than 24 million transactions, and 3.31 million cumulative users. Its widespread adoption across 14 blockchains is a testament to the value proposition of its solution.

Addressing the Challenges of Layer 2

Recognizing the challenges facing Layer 2 solutions, such as fragmented liquidity, high costs, and security risks, DODO identified the need for a transformative solution. DODOchain emerged as the answer, designed to provide an interconnected ecosystem that transcends the limitations of Layer 2.

Layer 3: A Gateway to Seamless Cross-Chain Interoperability

As a Layer 3 solution, DODOchain focuses on providing customized functions that complement the capabilities of Layer 2. By acting as a bridge between different blockchain ecosystems, Layer 3 facilitates the seamless flow of data and transactions, enabling cross-chain interoperability.

A Partnership of Powerhouses

DODOchain's collaboration with Arbitrum Orbit, EigenLayer, and AltLayer ensures enhanced scalability, security, and interoperability. Arbitrum Orbit, with its innovative solutions for launching L2 and L3 chains, empowers DODOchain to deliver faster transaction execution, minimal gas costs, and higher returns for users.

A Comprehensive Ecosystem of Features

DODOchain offers a suite of features tailored to the needs of cross-chain traders and liquidity providers. These include:

• Omni-chain liquidity outposts, enabling users to access liquidity from multiple blockchains within a single platform.
• BTC L2 and ETH L2 connectors, providing seamless cross-chain trading between Bitcoin and Ethereum.
• Native staking yields, rewarding users for contributing liquidity and maintaining the security of the network.

A New Era for Cross-Chain Trading and Liquidity Sharing

DODOchain marks a significant milestone in the evolution of blockchain technology. By combining the strengths of Layer 2 and Layer 3, it creates a platform that empowers users to trade and manage their assets across multiple blockchains with unprecedented efficiency and security. As the industry continues to embrace cross-chain interoperability, DODOchain is poised to play a pivotal role in shaping the future of decentralized finance.