DODOchain has unveiled a cutting-edge omni-trading layer3 blockchain, leveraging the power of Arbitrum and Altlayer to revolutionize the landscape.
The team behind DODO has introduced this new blockchain to consolidate liquidity across different blockchain layers into a unified platform. By harnessing the capabilities of Arbitrum Orbit, EigenLayer, and AltLayer, DODOchain aims to bridge layer2 networks of major cryptocurrencies like Bitcoin and Ethereum, streamlining asset trading and management processes.
The inception of DODOchain stems from the evolution of DODO, which initially introduced the Proactive Market Maker algorithm in August 2020. Subsequent iterations, such as DODO V2 in February 2021, focused on enhancing trading experiences by optimizing capital efficiency and exchange rates for users.
DODOchain’s primary objective is to tackle the challenges associated with fragmented liquidity and the complexities of interacting across diverse blockchain ecosystems prevalent in current layer2 solutions. By enabling seamless asset exchange and enhancing trading efficiency across chains, DODOchain envisions a significant transformation within the multi-chain DApp ecosystem.
At its core, DODOchain is designed to provide a customizable layer that caters to the unique requirements of various blockchain applications, promoting interoperability and cost reduction. This comprehensive layer3 chain offers fast transaction execution, minimal gas fees, and improved transaction throughput to deliver higher stable returns.
Key features of DODOchain include omni-chain liquidity outposts, connectors for BTC L2 and ETH L2, and native restaking yield options, ensuring a versatile trading platform. Moreover, its integration with Arbitrum Orbit and collaboration with partners like EigenLayer and AltLayer enhance its flexibility, scalability, and security protocols.
In summary, DODOchain’s introduction marks a significant milestone in the blockchain space, promising enhanced trading experiences and operational efficiencies for users navigating the complex multi-chain environment.