Since the implementation of DIP-3 on July 8, 2021, the DODO platform has been operating under a new trading fee distribution system, where 80% of the trading fees are distributed to the liquidity providers (LPs), 15% is used to buy back DODO tokens (to then be distributed to vDODO holders as vDODO), and the remaining 5% will be used to fund a community treasury.
On July 22, 2021, the DODO team completed the first DODO buyback and distribution for a total of 110,372 USDT, of which 82,779 USDT was used to buy back 92,220 DODO tokens. These DODO tokens had then been transferred to the vDODO smart contract for rewards payout to all vDODO holders. The remaining 27,593 USDT had been transferred to the community treasury address, at 0xAB21016BD4127638b8c555e36636449b33dF1C38.
Note: The DODO team is currently resolving minor display issues with the vDODO dashboard and data pertaining to the buyback and rewards distribution is temporarily unavailable. Please refer to the following on-chain buyback and transaction records for clarification.
Buyback and Transaction Records
Trading fees accrued on BSC were exchanged for a total of 5,767 USDT, and they were then cross-bridged to the Ethereum mainnet. The txhash is as follows: https://etherscan.io/tx/0xd6753950a2802257f0c4c135d1ac711b21fff0799dd4b82efc3fabfea4781498
92,220 DODO tokens were brought back with a total of 82,779 USDT. The txhash is as follows: https://etherscan.io/tx/0xa7aebe0efee17a89dfebc0d2f639b4f2072f9e34d2780463ed969e291f81417d
These 92,220 DODO tokens were then transferred to the vDODO smart contract. The txhash is as follows: https://etherscan.io/tx/0xd8d140ccc1b33d620f7f47cb57511570ab314a776dc18cb8ef005a363c86381d
27,593 USDT were transferred to the community treasury. The txhash is as follows: https://etherscan.io/tx/0x69a7a0590ca4d0223d638271d16c57c0ce77be6f55a249cd7f22469c98192227
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