DODO is a DeFi protocol that serves as an on-chain liquidity provider with a unique proactive market maker (PMM) algorithm. This PMM algorithm is designed to provide better liquidity and price stability compared to traditional automated market makers (AMMs), such as those used in Uniswap. DODO Coin (DODO) is the native token of this protocol and is used for various functions such as governance, staking, and incentivizing users. Launched in August 2020 by Diane Dai, Radar Bear, and a team of anonymous developers, DODO caught the attention of investors with significant fundraising from various major investors.