dodochain

According to ChainCatcher news, the Snapshot page shows that the DODO community has voted in favor of the proposal to "migrate the DODO liquidity pool on Ethereum to DODOchain."The proposal indicates that with 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, the proposal suggests shutting down the DODO liquidity pool on Ethereum and fully migrating it to DODOchain. This migration will allow users to contribute liquidity to the DODO pool on DODOchain and earn token rewards as LPs.

ChainCatcher news, the decentralized trading protocol DODO has released the DIP-19 proposal on the community forum, proposing to close the DODO liquidity pool on the Ethereum network and fully migrate it to the DODOchain mainnet.It is reported that this migration aims to better serve the trading needs of DODO holders on DODOchain, enhance the trading capabilities of DODO tokens with multi-chain assets, and provide more profit opportunities for DODO liquidity providers.The DODO team stated that after the migration, users can provide liquidity for the DODO pool on DODOchain and receive token incentives. Once the proposal is approved, the DODO team will migrate the currently multi-sig managed DODO-USDT pool on Ethereum after the launch of the DODOchain mainnet. Since its creation on September 29, 2020, this pool has generated over $600 million in trading volume and accumulated over $1.91 million in fees.

ChainCatcher news, the DODO community's proposal "to migrate 200 million DODO to DODOchain and redirect future protocol revenue to the treasury" DIP 18 has been voted through.ChainCatcher previously reported, according to CoinDesk, DODO announced the launch of the Layer3 solution DODOchain, which is an "Omni Trade Layer3" supported by Arbitrum Orbit, EigenLayer, and AltLayer, focusing on integrating liquidity from different chains. DODOchain will utilize Ethereum's consensus and security features through EigenDA.

ChainCatcher news, according to CoinDesk, DODO announced the launch of the Layer3 solution DODOchain. DODOchain is an "Omni Trade Layer3" supported by Arbitrum Orbit, EigenLayer, and AltLayer, focusing on integrating liquidity from different chains. DODOchain will utilize Ethereum's consensus and security features through EigenDA.In addition, DODOchain will also serve as a re-staking rollup, becoming one of the first Active Validation Services (AVS) in the Eigenlayer ecosystem. Currently, the DODOchain testnet is live.