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.
Buyback and Transaction Records
The second DODO Buyback has been completed as follows:
- Trading fees accrued on BSC were exchanged for a total of 41,321 USDT, and they were then cross-bridged to the Ethereum mainnet. The transaction hash is as follows: https://etherscan.io/tx/0x807b29620551f8a03bb4ff77a011a2fc1cf75170e3366c9edd9754da845318f1
- 44,350 DODO tokens were brought back with a total of 103, 917 USDT. The transaction hash is as follows: https://etherscan.io/tx/0xe0e70488f6ddaadf9226bafdc8d414528e742c39d025d2059c19ee1005b65c21
- These 44,350 DODO tokens were then transferred to the vDODO smart contract. The transaction hash is as follows: https://etherscan.io/tx/0xce89dc09fcc06b96da83d83f511f9a16d82835d0f596af12158cafad73ea4536
- 34,638.75 USDT were transferred to the community treasury. The transaction hash is as follows: https://etherscan.io/tx/0x72016599d2a8c0c466709e78144056a74b15840028ed184071596a6b514a73a4