DODO bird (DODO) API and Price Oracle

DODO bird

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is DODO bird (DODO)?

DODO (DODO) is an automated market maker (AMM) protocol built on the Ethereum blockchain. It aims to provide users with a capital-efficient and low-slippage trading experience. DODO was founded by Diane Dai and Radar Bear in 2020. The protocol's name, DODO, is inspired by the extinct Dodo bird, symbolizing the decentralized nature of the project. DODO allows users to trade assets through liquidity pools, utilizing a unique algorithm called Proactive Market Maker (PMM).

How does DODO bird work?

DODO bird is not a literal bird but a decentralized exchange (DEX) protocol that operates on the Ethereum blockchain. It utilizes Automated Market Making (AMM) algorithms to facilitate the trading of digital assets without the need for traditional order books.

The underlying technology behind DODO bird revolves around liquidity provision. Liquidity providers (LPs) deposit pairs of assets into liquidity pools, enabling traders to instantly buy or sell these assets. The AMM algorithm automatically adjusts the price of assets in the pool based on predefined mathematical formulas that ensure supply and demand are balanced.

DODO bird employs a unique pricing mechanism called Proactive Market Making (PMM). Unlike other AMMs that passively wait for trades to happen, PMM actively adjusts the price range of assets in a pool to enhance liquidity provisioning and minimize asset price slippage.

The DODO bird protocol is built on the Ethereum blockchain, utilizing its smart contract capabilities. This means that all transactions and interactions with DODO bird are recorded and executed in a transparent and decentralized manner.

Overall, DODO bird provides a decentralized and efficient way for traders to exchange digital assets by leveraging AMM algorithms and liquidity pools. It aims to offer users a better trading experience by reducing slippage and improving liquidity, all while ensuring security and transparency through the Ethereum blockchain.

What are the benefits of DODO bird?

The DODO bird offers several benefits compared to its direct competitors in the blockchain industry. One notable advantage is its innovative approach to decentralized exchanges (DEX). Unlike traditional DEXs that rely on order books, the DODO bird platform utilizes a unique algorithm called Proactive Market Maker (PMM). This algorithm improves liquidity efficiency and reduces impermanent loss for liquidity providers.

Compared to its direct competitors, such as Uniswap and SushiSwap, DODO bird stands out for its customizable and flexible liquidity provision options. DODO bird allows liquidity providers to adjust their exposure to different assets or trading scenarios with ease. This feature gives them greater control over their portfolio and reduces the risk of potential losses.

Another benefit of the DODO bird platform is its emphasis on offering low slippage trading. Slippage refers to the difference between the expected price of an asset and the actual executed price. By utilizing its PMM algorithm, the DODO bird platform ensures that slippage is minimized, providing users with more accurate and fair trading experiences.

In addition, DODO bird supports a wide range of trading pairs, including both stablecoins and volatile assets. This allows users to trade various cryptocurrencies with ease, enhancing the platform's versatility and accessibility.

Overall, the DODO bird platform offers benefits in terms of liquidity provision customization, low slippage trading, and a diverse range of supported trading pairs. These advantages differentiate it from its direct competitors in the decentralized exchange landscape.

What is DODO bird used for?

The DODO bird does not have any direct relevance to the world of blockchain technology or cryptocurrencies. The name "DODO" may bear some similarity with DIA, but the two are unrelated. However, it's worth mentioning that DODO is an acronym for "Decentralized Oracle Data Operations." While DIA is not the company referenced here, the concept of decentralized oracles is important in the blockchain space.

Decentralized oracles play a crucial role in blockchain ecosystems by providing verified data from external sources to smart contracts. They act as bridges between the blockchain and real-world information. These oracles ensure that smart contracts can access reliable and accurate data for making automated and trustless decisions.

In general, common use cases for decentralized oracles include accessing real-time market data for cryptocurrency prices, stock prices, sports events, weather conditions, and more. They enable decentralized applications (dApps) to interact with real-world data securely and transparently.

One specific case where decentralized oracles prove valuable is in the creation of decentralized finance (DeFi) applications. DeFi applications require up-to-date and accurate price data for executing various operations, such as lending, borrowing, and trading. Decentralized oracles provide this data, ensuring the integrity of the DeFi ecosystem.

In summary, while the DODO bird itself is not relevant to blockchain technology, the concept of decentralized oracles, represented by the acronym DODO, is essential in providing reliable and verified data to smart contracts in blockchain ecosystems.

What is DIA's DODO bird API?

DIA's DODO bird API is one of the API endpoints provided by DIA to access real-time price feeds of crypto assets. These price feeds are constructed by aggregating raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges. DIA's ability to source information from such a wide range of exchanges sets them apart from other web3 data providers.

While DIA does offer free API endpoints for developers to test, they also provide fully customizable, custom feeds. These custom feeds are tailored to meet specific user requirements, offering flexibility in terms of sources, methodologies, and update mechanisms. To request a custom feed, developers can reach out to DIA via Discord or Telegram.

The DIA API endpoints can be useful in various DeFi and NFTfi applications. For DeFi, the price information provided by DIA's APIs can be utilized in derivatives, options and futures trading, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets, among others. Similarly, in the NFTfi space, DIA's API feeds can enable services like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.

It is worth noting that DIA's custom feeds hold significant importance as they allow users to customize their data feeds according to their specific needs. These feeds offer a higher level of flexibility and can be tailored to suit individual preferences in terms of data sources and methodologies.

In summary, DIA's DODO bird API provides real-time price feeds for crypto assets sourced from numerous exchanges. While DIA offers free API endpoints for testing, the custom feed option allows users to tailor their data feeds to meet their specific requirements. These API feeds find applications in various DeFi and NFTfi use cases within the blockchain ecosystem.

What is DIA's DODO bird price oracle?

DIA's DODO bird price oracle is a smart contract that provides real-time price feeds for cryptocurrencies and NFTs. DIA is integrated with over 35 layer 1 and layer 2 networks, allowing them to deploy price oracles across multiple blockchains. Their price feeds are generated by sourcing data from billions of individual trades on more than 85 on-chain and off-chain cryptocurrency and NFT exchanges.

While DIA offers demo oracles for developers to test, these are only for testing purposes and cannot be used in production applications. However, they also offer custom price feed oracles that can be tailored to specific requirements. These custom oracles can be customized in terms of sources, methodologies, update mechanisms, and more.

To request a custom feed, users can reach out to DIA via Discord or Telegram. This allows users to have a dedicated price feed oracle built according to their specific needs. The ability to have personalized oracles adds a significant level of flexibility and usefulness for users.

DIA's price oracles have various use cases within the blockchain ecosystem. They can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and many other DeFi applications. Additionally, DIA's oracles can be leveraged in NFTfi applications, including peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In the context of blockchain technology, an oracle refers to an external information provider that supplies verified data from sources outside of the blockchain to smart contracts. Oracles play a crucial role in connecting blockchains with real-world data, enabling smart contracts to interact with and respond to external information.

Why use DIA's DODO API & price oracle?

Both DIA's API and Price Oracle offer a range of benefits for users in the blockchain ecosystem. One of the main advantages of using DIA's API or Price Oracle is the high level of customisation available. This means that users can tailor the oracle and API endpoint to suit the specific needs of their decentralised applications.

With DIA's technology, users can access accurate and reliable price data for cryptocurrencies and NFTs. The customisation options include choosing the data sources that make up the price feed, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency. This ensures that the data and oracle remain robust and resilient, even in unique market conditions.

Transparency is another major benefit offered by DIA's API and Oracle feeds. Users can expect full and granular transparency across the entire data journey, providing clarity and confidence in the information being provided. Additionally, DIA provides tracking and monitoring tools to closely track the performance of its oracle and API feeds.

Overall, the customisation options and transparency provided by DIA's API and Price Oracle make them valuable tools for accessing accurate and reliable price data in the blockchain ecosystem. Users can trust in the robustness and resilience of these feeds, and have the flexibility to tailor them to their specific requirements.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.