October 18, 2020 to November 1, 2020 — Staking and mining emission adjustments, Delphi Digital interview, Nexus Mutual coverage, Chainlink live Q&A, USDT-USDC pair, Shanghai International Blockchain Week, Base Layer interview, 7,000 Twitter followers, Yield TV appearance, and more!
Hello there, DODO Family! It’s been a wild (but successful!) fortnight for DODO, as the team continues to grow, iterate on the platform, and spread the word about what we are doing!
First off, let us welcome our newest team members!
Ray Wang has joined DODO as Director of Strategic Marketing. Ray’s been working for Bitfinex as regional manager in the past 2 years, and his extensive experience in top cryptocurrency exchanges will further enhance the growth of DODO’s trader community.
Owen Liu joins our dev team as a Smart Contract Developer. Owen was most recently at DOS Network, and has previously worked as a researcher at the China Academy of Information and Communications Technology (CAICT) and as a Blockchain Engineer at Jingdong.
Peter Gu (aka Big Dragon) is our new Product Manager. He is an experienced industry professional, having worked at WhaleEx and NetEase, Inc.
Shawn Sun is our new Community Growth Manager and will be focusing on the Asia Pacific geo. He was a core member of the DOS Network team.
And finally, Bukang Lee, who will work on product operations at DODO. Prior to joining DODO, he was the Operation Lead at DDEX.io.
If building the hottest next-generation decentralized exchange sounds like your jam, we are hiring! Shoot us your resume (and let us know which role(s) you are interested in) at contact@dodoex.io. We are a globally distributed team and we strive to be as inclusive as possible.
DODO v1.5 (Smart Route and Trading Portal Redesign)
We are working on DODO v1.5! It will feature smart route, which will enable traders to swap between arbitrary ERC-20 token assets (even if they are not listed on DODO!). Our team is leveraging and integrating the 0x API and the 1inch API to make that a reality. This new version will also include important changes to the design of the trading portal in a bid to improve our user experience. We anticipate releasing DODO v1.5 at the end of next month. Feel free to check out our GitHub page and admire our cool new changes!
DODO Reward Changes
We also made some adjustments to DODO’s staking and mining emission rates. This allows us to better reward DODO token holders. We also dropped the emission rates of other, non-DODO, pools as a result of their excessive liquidity. The Twitter announcement can be found here.
Wallet Integrations
Another thing we’ve been working on are more wallet integrations, such as Portis, which we integrated this past week. Our data has shown that this is a great way to increase traffic and certainly makes user experience on DODO much better!
Nexus Mutual Insurance Coverage
And, last but not least, here’s a huge confidence boost for the whole DODO Family: Nexus Mutual, one of the best on-chain insurance providers on the market, has agreed to offer users insurance coverage for DODO smart contracts! You can check out their Twitter announcement here.
Diane, our CMO, has had a very busy couple of weeks with various media commitments. In case you missed it, she talked to Tom Shaughnessy, Delphi Digital’s co-founder, about the future of DeFi and the industry status quo, DeFi Dad from the new YouTube series Yield TV about the power of PMM, and David Nage from Base Layer to spread the word about DODO. She also did a live Q&A session with Chainlink’s Keenan Olsen. It’s been a very eventful week, and all die-hard DODO fans should go watch these fascinating interviews (links below).
Delphi Digital: https://www.delphidigital.io/podcasts/diane-dai-dodo-the-proactive-market-maker-🐣/
Yield TV: https://youtube.com/watch?v=srYRlFEeklM
Chainlink Q&A: https://www.youtube.com/watch?v=4Z4aHZ0FurE
Boxmining (whose founder Michael Gu recently became Genesis Block’s Strategic Advisor) also wrote a comprehensive review of DODO this week: https://boxmining.com/dodo-exchange. Worth a read!
The DODO team also participated in Shanghai International Blockchain Week and Diane gave a keynote speech on the game changer that is PMM. She also discussed what the team is focusing on at the moment, including:
- Listing token assets on DODO with zero barrier to entry and no vetting process, which is key to an open and free financial system.
- Optimizing our price oracles and conducting our ongoing technical discussions with the Chainlink team.
- Developing on-chain market making strategies for institutional investors and trading firms, as well as working with a variety of market makers and finalizing agreement details. This improves liquidity and reduces slippage on DODO — a win-win situation!
- Growing our dynamic team by vetting and hiring new talent.
The USDT-USDC trading pair went live on DODO on October 23. The current transaction fee is a minuscule 0.04%. What’s more, liquidity providers for this trading pair are not at risk of losses, which means that they cannot lose money for contributing liquidity to these pools. Plus, the APY for these stablecoin pools is around 10%, better than our competitors! The purpose of this trading pair is to showcase the incredible flexibility of the PMM algorithm.
Thank you for your continued support. Stay tuned for more updates and more DODO Adventures!
#JustDODOIt