DODO Review 2023

DODO is a popular decentralized exchange created by Shichao Dai in 2021.

It runs on 5 different chains including Ethereum, Polygon, BNB Chain.

DODO offers features such as liquidity mining, bridge, limit orders, yield farming, spot trading and more.

We rated DODO 4.5/5, based on it's features, security, and future prospects.

DODO Features

Liquidity Mining

DODO allows you to earn passive income by providing liquidity. You're given LP tokens in return, which are interest bearing. The interest comes from trading fees generated by DODO.

Bridge

Has a cross-chain bridge. So you can move your crypto between different chains.

Limit Orders

Limit orders are trades that execute at a specified price. They're great for executing trades while you're away from your computer. DODO handles the execution for you, and you may incur lower transaction fees than if you market buy/sell.

Yield Farming

Hosts incentivised yield farms. You can earn boosted rewards from staked LP tokens. This is a great way to earn more crypto. Projects put up tokens for you to earn, often for marketing efforts.

Spot Trading

This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.

DODO Fees

Trading Fees

All DEXs charge trading fees. DODO is no different.

Trading fees incentivise liquidity providers to provide liquidity to DODO. This enables people like you to freely trade between tokens without incurring too much slippage.

Withdrawal Fees

DODO does not charge withdrawal fees.

DEXs, generally, do not require you to deposit funds onto them. Therefore there is nothing to withdraw. This is one of the many great things about dencentralized exchanges. You get to be the sole custodian of your funds.

How to use DODO?

Get a crypto wallet that supports web3 on one DODO's of supported chains.
Deposit crypto into the wallet, ensuring you have tokens for gas
Navigate to DODO's homepage
Connect your wallet to the website
Goto Swap/Trade
Choose a token that you'd like to swap to
Finally, swap!

FAQ

Where can I buy DODO ?

You can by DODO direct from DODO. It is the native token of DODO, and they will therefore offer the most liquidity.

Is DODO safe?

Yes, DODO is safe to use. However, you should be aware that crypto trading carries inherent risk. dApps are vulnerable to exploits, so make sure to DYOR before investing.