DODO launches DIP-19 proposal to migrate DODO liquidity pool on Ethereum to DODOchain

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Bitget2024/05/09 08:36

According to ChainCatcher, the decentralized trading protocol DODO released the DIP-19 proposal on the community forum, proposing to close the DODO liquidity pool on the Ethereum network and completely migrate it to the DODOchain mainnet.

It is reported that the migration aims to better serve the trading needs of DODO holders on DODOchain, enhance the trading capabilities of DODO tokens and multi-chain assets, and bring more profit opportunities to DODO liquidity providers.

The DODO team said that after the migration, users can provide liquidity for the DODO pool on DODOchain and receive token incentives. Once the proposal is passed, the DODO team will migrate the DODO-USDT pool currently managed by a multi-signature address on Ethereum after the DODOchain mainnet goes online. Since its creation on September 29, 2020, the pool has generated a total transaction volume of more than US$600 million and accumulated more than US$1.91 million in fees.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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