November 17, 2020 to December 2, 2020 — CrescoFin $wCRES listing, v1.5 teasers, Wootrade partnership, memes & GIF contest, and DeFi Prime interview!
Hello CommanDODOs, welcome to DODO Adventure newsletter No. 3! The market has been wild with its ups and downs the past two weeks, but the DODO team has been working hard to deliver features and forge partnerships, with a hugely successful token listing to boot!
On November 30th, CrescoFin SA’s $wCRES token became available for trading on the DODO Exchange. The initial sale price was 1 wCRES = 1 USDT using DODO’s proactive market maker (PMM) price discovery mechanism.
CrescoFin is a regulated Swiss firm that offers insured savings products to traditional financial institutions at higher rates than traditional banks can offer. You can read our full Medium announcement here. As DODO fan @archon_ch put it best, this is a “great combination of two innovative projects”!
Within 24 hours of $wCRES-$USDT going live on DODO, the $wCRES token price soared to $3.80 and the trading pair saw $3.84M in trading volume! As of December 3rd, the pair has had more than $11M in volume. Congrats to the CrescoFin team and we are pleased to to see our algorithm and platform work as intended. Project teams are welcome to email us at contact@dodoex.io to learn more about our listing process.
Our dev team is hitting project milestones and we are on schedule to release DODO v1.5 in late December! We have some key feature updates for you:
- Pair trading to token swaps (aka Smart Route): The functionality allowing traders to swap from a list of almost 100 ERC-20 tokens is now finished! Users can also add new tokens that they would like to trade on DODO
- Advanced trading settings: DODO v1.5 will allow users to set Slippage Tolerance (the available options are recommended and customized) and Transaction Deadline (transactions will be canceled beyond the pending time)
- Price chart upgrade: You can now see 24-hour, 1-week, and 1-month price histories for selected trading pairs
- Pending transaction tracking: In order to help users track pending transactions processed by Ethereum, we will provide links during on-chain transactions, such as approving spend or trading tokens.
- Mobile experience: Traders and liquidity providers can now use numpad on mobile to enter token amounts.
The team has begun testing and revising DODO v1.5 internally and we will be releasing product screenshots very soon.
As part of our bid to onboard liquidity strategies on-chain, the DODO team is proud to announce a strategic partnership with Wootrade, a leading network dedicated to providing diversified liquidity and trading infrastructure. DODO will utilize Wootrade’s deep on-chain liquidity to optimise our trading experience even further for users.
The strategic partnership announcement in full can be accessed here. We also talked in-depth about how on-chain market making will look like for professional market makers on DODO. PMM was designed with flexibility and customizability in mind, which drastically improves the market making experience similar to that on CEXs. With PMM’s parameters, countless permutations are possible and makers can ply their trade on DODO to their heart’s content.
Meme & GIF Contest
To celebrate the upcoming launch of DODO V1.5, we think it’s time to see some more great community contributions! This is why we kickstarted the DODO v1.5 meme and GIF contest. Show us your best $DODO Memes & GIFS and share in 500 $DODO in prizes! Head over to our Discord channel for full details!
DeFi Prime Interviews Diane
Our co-founder and CMO Diane Dai talked to DeFi Prime’s Nick Sawinyh and discussed AMM’s exchanges market, the Proactive Market Maker algorithm, and what’s coming next in DODO 2.0. Read the interview in its entirety here.
Thank you for your continued support. Stay tuned for more updates and more DODO Adventures!
#JustDODOIt