DODO Liquidity Mining Adjustments Announcement

Hello CommanDODOs,

Thank you for your continued support of the DODO platform! Since the launch of DODO v1.5 SmartTrade, the number of daily active users (DAUs) has been hitting new highs.

As is the case in the v1.5 release, future DODO version upgrades will also support trading between any ERC-20 tokens using our Smart Route algorithm. As a result, DODO currently does not rely on some of the classic liquidity pools that debuted in DODO v1 to facilitate token trading.

Going forward, the ETH, wBTC, USDC, and USDT pools on DODO will function as a revenue stream for the platform, as they are the largest contributors to our total volume locked (TVL) and will continue to play an instrumental role in enabling low-slippage trading and volume growth on DODO.

After careful and thorough discussion and deliberation, the team has made the following adjustments to DODO's liquidity mining program.

1. Conclude the liquidity mining rewards for the following trading pairs:
   • LINK-USDC
   • AAVE-USDC
   • SNX-USDC
   • COMP-USDC
   • YFI-USDC
2. The liquidity mining rewards for ETH-USDC, wBTC-USDC, and USDT-USDC trading pairs will remain unchanged. For the sake of clarity, the DODO reward token emission rate for these trading pairs are listed below:
   • ETH-USDC: 0.5 DODO per block per pool
   • wBTC-USDC: 0.5 DODO per block per pool
   • USDT-USDC: 0.25 DODO per block per pool
3. The staking rewards emission rate for DODO will remain unchanged, at 6 DODO per block.
4. These adjustments will take effect in 48 hours, i.e. at 7am February 4, 2021 UTC.

The primary reason for these adjustments is that TVL growth does not directly contribute to DODO's trading volume growth, due to the PMM algorithm's high capital utilization and efficiency, as well as the Smart Route algorithm, which retrieves the best prices from all on-chain liquidity sources.

As such, we would like to use the DODO tokens reserved for community incentives to reward more valuable and meaningful user contributions, such as trading, creating pools, listing token assets, and more.

We are looking to unveil the DODO v2 upgraded tokenomics soon and will be demonstrating how DODO tokens will function as a vehicle for value capture, coupled with rich, engaging ecosystem incentives. We hope you are as excited as we are about the DODO v2 launch!