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 multi-chain interoperability. To boost TVL and user growth for DODO DEX, and to attract future partners and support ecosystem development, the DODO team proposes migrating 200M DODO tokens to DODOchain. Furthermore, it is proposed that future protocol revenues of DODO DEX will no longer be used for buybacks and distributions, but instead directed entirely to the DODO community treasury until new tokenomics are launched, at which point their allocation will be determined through governance and voting.
Motivation
Founded in August 2020, the DODO team has been committed to developing products aimed at providing users with the ultimate liquidity solutions and optimal trading price experiences. Currently deployed on 14 mainnets, DODO has facilitated over $134 billion in total trading volume, with more than 22 million transactions and 2.8 million users. Check out all of DODO’s data here.
To continue providing enhanced liquidity solutions and serve the increasingly multi-chain user base, DODO is launching the Omni-Trading Layer3 powered by Arbitrum Orbit, and deploying DODO DEX on DODOchain as an Omni-Trading DEX. This will allow users to exchange assets between different chains, whether EVM-compatible or non-EVM-compatible, with simple operations.
As DODO DEX is set to be deployed on DODOchain, it is essential to incentivize growth in TVL and user base, attract future partners, and support ecosystem development. Therefore, we propose migrating 200M DODO tokens to DODOchain to achieve these objectives, and suggest that future protocol revenues of DODO DEX be transferred entirely to the DODO community treasury until the launch of new tokenomics, at which point their allocation will be determined through governance and voting.
Through these initiatives, DODO DEX will be able to capture more value, and DODO tokens will have expanded use cases, bringing additional benefits to DODO holders.
Rules
- Propose to migrate 200M DODO tokens to DODOchain, to support the growth of DODO DEX TVL and user base, and to attract future partners and ecosystem development.
- Propose that all future protocol revenues from DODO DEX be transferred to the DODO community treasury until the launch of new tokenomics, at which point their allocation will be determined through governance and voting.