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 third DODO Buyback has been completed as follows:
- Trading fees accrued on BSC were exchanged for a total of 18,206 USDT, and they were then cross-bridged to the Ethereum mainnet. The transaction hash is as follows:
- 49,201 DODO tokens were bought back with a total of 62,177 USDT. The transaction hash is as follows:
- These 49,201 DODO tokens were then transferred to the vDODO smart contract. The transaction hash is as follows: https://etherscan.io/tx/0xbbc9a948510f0f97575bdfb68ec3d4ddc52630f1802dd52fb9c02c34a9d1267e
- 20,725 USDT were transferred to the community treasury. The transaction hash is as follows: https://etherscan.io/tx/0xd0e15bf5429a2b2f8b1f9ca83ade857f536fff81c222625c1385eedcadd149ff