DODO Governance | DAO Radar

DODO

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Proactive market maker DEX using PMM algorithm. DODO DAO governs protocol parameters and treasury via Snapshot voting.

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Snapshot·DODO Snapshot

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DIP-22: Allocate 40M DODO Tokens for Market Makers to Enhance Liquidity

Summary: This proposal seeks to allocate 40M DODO tokens to engage professional market makers. The goal is to improve DODO's liquidity and market depth across major exchanges. ## Motivation: DODO is currently listed on exchanges like Binance, Gate, and Kucoin. While the project is progressing well, there is potential to further enhance DODO's liquidity. Adequate liquidity is essential for reducing price volatility, lowering transaction costs, and attracting more investors. We propose to...

proposal/0xd088…52BB/Aug 7

closedProtocol Upgrade

DIP-21: Migration of 20 Million DODO Tokens to Base Mainnet for Future Incentives

Abstract DIP-21 proposes migrating and allocating 20 million DODO tokens to the Base Mainnet to be used for future trading incentives. These tokens aim to attract more users to DODO as an aggregator and boost protocol revenue. ## Motivation DODO has been deployed on 15 public chains to date. However, deployment alone is insufficient to capture potential users and their trading volume. To better harness the value within these networks’ ecosystems, we propose migrating tokens and...

proposal/0xd088…52BB/Aug 2

closedTreasury

DIP-20: Allocating 10M DODO Tokens to Incentivize BTC Pairs on Select Chains

Summary In response to the recent surge in BTC Layer 2 activities, BTC staking protocols, and other BTCfi initiatives, the DODO team proposes the allocation and migration of 10M DODO tokens to incentivize BTC trading pairs across multiple chains, including Ethereum, Arbitrum, BNB Chain and Mantle, etc. This initiative aims to leverage DODO's innovative Pegged Asset Pool to enhance liquidity, attract significant trading volume, and generate revenues that can compensate for the...

proposal/0xd088…52BB/Jul 18

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DIP-19: Migration of DODO Liquidity Pool on Ethereum to DODOchain

Summary Following the launch of the DODOchain mainnet, DODO DEX will leverage DODOchain and DODO Trade Hub to evolve into an Omni Trading DEX. To facilitate this growth and meet the demand for exchanging DODO tokens with multi-chain assets, we propose to close the DODO liquidity pool on Ethereum and migrate it entirely to DODOchain. This migration will enable users to contribute liquidity to the DODO pool on DODOchain and earn token incentives as liquidity providers. ## Motivation DODO DEX...

proposal/0xd088…52BB/May 9

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DIP-18: Migrating 200M DODO to DODOchain and Redirecting Future Protocol Revenues to the Treasury

Summary DODO is launching DODOchain, an Omni-Trading Layer3 powered by Arbitrum Orbit. As the rollup-level liquidity layer, DODOchain unifies liquidity from various chains into one platform. It supports swaps and cross-chain transactions, streamlining the integration and movement of assets in the Omni-chain era. With the rollout of DODOchain, the DODO team plans to deploy DODO DEX on DODOchain as an Omni-Trading DEX supporting...

proposal/0xd088…52BB/Apr 24

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DIP-17 Migration of DODO Tokens to Scroll and Strategic Use of Community Treasury Funds

Summary This DIP proposes a strategic migration of 2 million DODO tokens to Scroll, a leading zkEVM Layer 2 solution, aiming to leverage its enhanced scalability and performance for DODOX, our most advanced cross-chain DEX aggregator. Concurrently, it proposes allocating $100,000 from the DODO community treasury. This investment is designed to boost trading volumes and user engagement on Scroll, fostering a cycle of growth and sustainability for the community treasury. ### Specification...

proposal/0xd088…52BB/Nov 29

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Temporary Pause of DODO Emissions in vDODO Staking Pool to Mitigate Inflation and Enhance Long-Term Stability

We’ve observed growing concerns within our community about the inflationary pressures affecting the DODO token, notably in the vDODO staking pool. Our current metrics show an annualized emission rate of 3.1% coming from this pool (1 DODO per block), which poses a substantial long-term risk to the interests of DODO holders. This issue is further compounded by the noticeable stagnation in the number of vDODO holders, attributable to the unprecedented market conditions. To proactively address...

proposal/0x6c55…9e69/Oct 31

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Proposal to Increase the Number of Signers Required for the DODO Treasury Multisig

Motivations Currently, there are only 2 members of the DODO Treasury multisig (gnosis safe 0x4447183c50e82a8b0141718c405381a3b1bad634). They are: 0x3e19d726ed435AfD3A42967551426b3A47c0F5b7 0x33b30a9e1c27d930bf5FEb975f1522c6623245D8 This has prompted some concern from the community about DODO’s security. After the recent hack of Ronin Bridge, in which 2 of their 5 signers getting compromised resulted a $100 million loss, the DODO community is especially interested in making the DODO Treasury...

proposal/0x6c55…9e69/Jul 27

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DIP-14: Migration of 1.5 Million DODO Tokens to Polygon Mainnet for Liquidity Mining Incentives

Abstract DIP-14 proposes to migrate 1.5 million DODO tokens to the Polygon Mainnet for liquidity mining incentives. ## Motivation As a result of DIP-9, we migrated 2 million DODO tokens to Polygon for use in liquidity mining programs, and we have had an ongoing liquidity mining campaign for the past 4 months. This campaign is about to come to an end. The campaign achieved more than $67 million daily average trading volume, more than $30 million average TVL, and more than 110k unique...

proposal/0xd088…52BB/May 10

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DIP-13: Governance Framework Update

@radarbear For a long time, DODO has used Snapshot for our DIP voting, but there were two issues that remained unsolved: - Multi-chain voting rights - Low voter turnout ## Multi-chain Voting Rights DODO has achieved excellent results on multiple chains. Detailed data can be viewed here DODO stats on each chain In principle, DODO tokens held on any chain give the holder the same voting power with no...

proposal/0xd088…52BB/Apr 11

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Increase DODO Rewards by Reversing of DIP-12 Proposal (Adjustment of Liquidity Mining Incentives on Select Pools)

Motivations DIP-12 Proposal (Adjustment of Liquidity Mining Incentives on Select Pools) was passed on March 28th in a non-transparent and non-decentralized manner. Only 3% of DODO holders voted, as holders of DODO tokens that were staked were not allowed to vote and there were several technical issues related to the voting cut-off deadline. ## Reasons 1. DIP-12 Proposal reduced DODO rewards by 50-70% across various pools and undermines the core purpose of increasing TVL of DODO pools, the...

proposal/0xFdcd…e4ED/Mar 29

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DIP-12: Adjustment of Liquidity Mining Incentives on Select Pools

Motivations DODO has deployed on 10 different chains, 7 of which have liquidity mining incentives, with a combined TVL of around $300M and a combined daily trading volume of around $200M. Compared to Uniswap, Curve and other Dex, DODO has a lot potential for TVL growth. Following DODO’s multi-chain deployment strategy, liquidity mining incentives have been rolled out on multiple chains in order to kickstart their liquidity. However, DODO token emission has been increasing following our...

proposal/0xd088…52BB/Mar 24

closedParameter Change

DIP-11: vDODO Membership Reward Adjustment

Background vDODO is the proof of membership token in DODO’s tokenomic system. vDODO holders can get dividends paid out from trading fees, vDODO membership rewards, governance rights and crowdpooling/IDO allocations. DODO’s co-founders have submitted a proposal for the new vDODO tokenomics, and we’re collecting feedback and suggestions from the community about this proposal. You can check it here:...

proposal/0xd088…52BB/Mar 9

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DIP-10: Migration of 2 Million DODO Tokens each to Avalanche, BOBA, and Moonriver for Future Incentives

Summary DIP-10 proposes migrating and allocating 2 million DODO tokens each to the Avalanche, Boba, and Moonriver Mainnets to be used for liquidity mining and as other trading incentives in the future. # Motivation DODO has been deployed on 8 public chains so far. However, with deployment alone, we cannot fully capture potential users and their trading volume. We therefore propose to migrate tokens to these networks and launch incentive campaigns to more effectively capture the value in...

proposal/0xd088…52BB/Jan 19

closedProtocol Upgrade

DIP-9: Migrating 2 Million DODO to the Polygon PoS Chain for Incentive Programs

Abstract DIP-9 proposes to migrate 2 million DODO to the Polygon Proof of Stake chain for stablecoin liquidity mining and other incentive programs. ## Motivation DODO expanded its protocol to the Polygon PoS mainnet on June 5, 2021 and is still seeing a good trading volume over the past two quarters without any migration of DODO tokens, and without any liquidity mining incentives. Over the last 3 months, DODO's daily trading volume on the Polygon PoS network has typically remained between...

proposal/0xd088…52BB/Jan 10

closedParameter Change

DIP-8: Reduction of LP Fees for Major Stablecoin Trading Pairs

Abstract DIP-8 proposes reducing the LP portion of the trading fee for the USDC-USDT (ETH) and BUSD-USDT (BSC) trading pairs on the DODO platform to improve our competitiveness in the stablecoin trading market. This proposal includes increasing the rewards for LPs to compensate for this decrease. ## Motivation DODO's stablecoin trading fee is currently 0.01%. Because of this relatively low fee, the liquidity for stablecoin trades on DODO is very good, which gives us a competitive edge in...

proposal/0xd088…52BB/Dec 9

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DIP-7: Migration of $5 Million of DODO Tokens to Aurora/NEAR Protocol for Future Incentives

Summary DIP-7 proposes migrating and allocating $5 million worth of DODO tokens to the Aurora Mainnet to be used for liquidity mining and as other trading incentives in the future. # Motivation Aurora is one of the most promising EVM-compatible layer 2 networks. It enables highly scalable and low-cost smart contracts, and DODO is proud to have the opportunity to join the initial cohort to deploy dApps on the Aurora Mainnet. DODO’s integration into the Aurora ecosystem will allow Aurora’s...

proposal/0xd088…52BB/Nov 22

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DIP-6: DODO Community Treasury Framework

Background DIP-3 Implemented a DODO Community Treasury that is made up of 5% of all LP fees collected from DODO liquidity pools. These Community funds are there to be used by the DODO community in various ways once consensus has been reached on what the funds should be used for. This proposal sets out a Community Governance framework to ensure that proper protocols and procedures are in place for the DODO Community Treasury. ## Community Treasury Framework: - Proposals can only be...

proposal/0xd088…52BB/Aug 23

closedParameter Change

DIP-5: Enabling vDODO Transfer Function

Summary DIP-5 proposes enabling the token transfer function for vDODO to further expand its utility and use cases. # Motivation The transferability of vDODO tokens will allow for more token utilities and use cases in the future. # Specification vDODO is a token that serves as a user’s proof of membership in DODO’s loyalty program. Benefits for vDODO token holders include but are not limited to the following: governance rights, crowdpooling and IDO allocations, trading fee discounts,...

proposal/0xd088…52BB/Jul 19

closedProtocol Upgrade

DIP-4: Migration of 5 Million DODO Tokens to Arbitrum Mainnet for Future Incentives

Summary DIP-4 proposes migrating and allocating 5 million DODO tokens to the Arbitrum Mainnet to be used for liquidity mining and as other trading incentives in the future. # Motivation Arbitrum is one the most promising EVM-compatible Optimistic Rollup layer 2 networks. It enables highly scalable and low-cost smart contracts, and DODO is proud to have the opportunity to join the initial cohort to build dApps on the Arbitrum Mainnet beta. DODO’s integration into the Arbitrum ecosystem will...

proposal/0xd088…52BB/Jul 13

closedRisk/Incident

DIP-3: Trading Fees Reallocation and Community Treasury

Summary DIP-3 is proposing to reallocate a percentage of future trading fees from liquidity pools on DODO. The fees collected will be utilized for two purposes: to buy back DODO tokens from the DODO-USDT liquidity pool on DODO and redistribute them to all vDODO holders, and to establish a multi-purpose community treasury. # Motivation In DODO’s V2 Tokenomics, trading fee reallocation is one of the most critical token models. As DODO’s multichain deployment progresses and the DODO platform’s...

proposal/0xd088…52BB/Jun 11

closedParameter Change

DIP-2: Burning of 50% of Future vDODO Membership Exit Fee Tokens

Summary DIP-2 is proposing a deflationary mechanism for the DODO tokenomic model that consists of burning 50% of future vDODO membership exit fee tokens. ### Motivation As the user base of the DODO platform and the amount of DODO tokens in circulation continue to increase, it is necessary to tie platform growth together with token value capture. The goal of DIP-2 is to increase the number of DODO and vDODO token holders and to generate more benefits for them. ### Specification...

proposal/0xd088…52BB/May 18

closedProtocol Upgrade

DIP-1: DODO Booster

Since the inception of DODO v2.0, DODO's trading volume and trader numbers have grown rapidly. Built on the flexible Proactive Market Maker algorithm (PMM), the DODO platform now supports a variety of use cases and features, including DODO Vending Machine, DODO Private Pool, DODO Classic Pool, and Crowdpooling, among others. The DODO team is proposing the implementation of the DODO Booster program with the aim of attracting more high quality projects to establish liquidity pools on the...

proposal/0xd088…52BB/Apr 16

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