The DODO: Truly revolutionary or just another fish in the DeFi ocean?

Wow! Another day, another DeFi protocol promising to revolutionize the world. This time it's DODO with its "Proactive Market Maker" algorithm. Sounds nice, right? But come on, let's get to the point.

What they say DODO ( does and what it really means )

1. The famous PMM: Unlike traditional AMMs ( that we all already know ), this so-called magic algorithm concentrates liquidity near the "predicted" prices by oracles. Really? Trusting oracles when we've seen so many attacks and failures in these systems? It seems risky to me, although I must admit that the idea of reducing slippage sounds appealing for my trades.

2. Cross-chain aggregator: DODO says it connects funds between blockchains. So what? Dozens of protocols already do this, although not all work as well as they promise. The truth is that every time I try to make transactions between chains, I end up suffering with the fees or waiting endlessly.

3. Vending machine and private pools: Basically, they want you to create your own liquidity pool. The name "vending machine" seems ridiculous to me. Why not just call it "pool creator"? And those private pools... how much real liquidity will they actually have? I'm sure they will end up being puddles rather than pools.

4. Limit orders: Alright, I do like this. Limit orders are essential and many DEXs don't have them. But it's not like they've invented the wheel.

5. DODO X: Another aggregator that promises the best prices by searching among other platforms. It's not new, but I admit that it's useful if it really works well.

Their supposed "unique use cases"

1. Omni-chain trading: There are already plenty of bridges and cross-chain protocols. The only thing I'm interested in is whether they are safe and cheap, not whether they are "omni" or "multi" or whatever they want to call it.

2. Launch platform: Another launchpad? The market is saturated with them and most end up being platforms for launching mediocre projects. "Crowdpooling" sounds nice, but we'll see if it really prevents front-running or just changes who benefits.

3. Re-staking: Collaborating with EigenLayer is nothing new. Everyone wants to jump on the re-staking bandwagon, but no one talks about the added risks.

4. Professional Liquidity Provision: This sounds like they want to attract the big fish. We'll see if they manage to convince the institutional players or if they end up being just another platform where the same old players operate.

DODO has some interesting features, but it doesn't seem as revolutionary to me as they want us to believe. And with the launch of DODOchain... another chain? As if we didn't already have enough.

I will try your tools, but I will keep my skepticism until I see real results. In DeFi, promises are cheap; security and efficiency are not.

#DODOEmpowersMemeIssuance