DODO AMM

DODO AMM receives a B- risk grade (35/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — innovative PMM design provides capital efficiency advantages, but oracle dependency and past exploit history warrant careful due diligence. DODO is a multi-chain decentralized exchange using a novel Proactive Market Maker (PMM) algorithm that concentrates liquidity around oracle-determined market prices for better capital efficiency. Deployed across 10+ chains including Ethereum, BSC, and Avalanche, it offers swaps, liquidity provision, and token launches via crowdpooling. At ~$16M TVL, it has a strong technical foundation but experienced a $3.8M exploit in 2021.

The key risks identified for DODO AMM are: (1) The PMM algorithm relies on external price feeds — if the oracle provides wrong prices, liquidity providers and traders could suffer losses (2) The protocol suffered a $3.8M hack in March 2021 due to a smart contract vulnerability, though most funds were returned (3) Liquidity is spread across 10+ blockchains, meaning pool depth on any single chain may be thin, leading to higher slippage for larger trades

DODO AMM scores 35/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 5/20, Oracle Surface: 5/10, Documentation Gaps: 2/10, Track Record: 8/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 5/10. The highest risk area is Track Record at 8/15.

Among 111 rated DEX protocols on Hindenrank, DODO AMM ranks #59 by safety (lowest risk score = safest). Its 35/100 risk score and B- grade place it in the middle tier of DEX protocols.

DODO AMM scores 8/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.