2020 was definitely the year of DeFi and decentralized exchanges, as volumes rose from a few million to over $100 billion. Startling figures that allowed Uniswap to outperform even Coinbase Pro in terms of volumes. But even though most people are only familiar with Uniswap (or the SushiSwap copy), there are many other great decentralized exchanges out there that are working hard to offer perfect products and alternatives to Uniswap. Among them is DODO exchange, an exchange that we already reviewed a few weeks ago. Today we’re back talking about DODO as the long-awaited version 1.5 has finally arrived!
DODO V1.5 is here!
While up until a few days ago DODO offered only a dozen PAIRs (mostly in USDT and USDC), now there are more than 100 pairs available. DODO has created an algorithm that allows users to always obtain the best price, thanks also to important integrations of already known and working protocols and APIs such as 0x and 1Inch Exchange. But that’s not all! In addition to the many pairs available, users can now add custom pairs, just like on Uniswap or other globally established DEXs.
The operation of DODO is very simple and suitable even for beginners, as it is enough to connect the wallet and choose a pair to execute a trade. It is also possible to check the liquidity of any pair by clicking on the ‘Pool’ link. If you decide to provide liquidity for a pair, keep in mind that there are also guaranteed gains on every trade. At the moment the volumes of DODO are not very high, but with this new version the volumes will probably increase dramatically, so this might be the best time to become a liquidity provider!
Dodo V1.5 is already active but a new version will arrive next month, namely DODO V2. The team never stops working and is trying to make this DEX perfect, so that it can compete with the giants of the industry. I should also mention something personal: I’ve recently participated in several ‘presales’ (Initial DEX Offerings) on DODO and I’ve always had very good earnings, since their team chooses to carry out IDOs only with ambitious and legitimate projects. The last one for example was wCRES, an IDO that started from 1 dollar and reached 9 dollars after a few days. A 900% gain on really good volumes!
Keep an eye on DODO because there are always opportunities like this. To find out more about DODO, I recommend reading our first article, where the operation is explained in a very simple way! And if you have any doubts about how it works, then I recommend checking out their official DOCS, where you will find everything you need to know about DODO. Perhaps in the future we will see some service like Uniswap’s DEXTOOLS also for DODO 🙂