Uniswap vs OmiseGo vs DODO Exchange
What problem does this service solve?
Uniswap allows users to trade Ethereum tokens without a middleman. | OmiseGo is developing a decentralized exchange and interoperable wallet that will make it easier to transact and exchange cryptocurrencies. | DODO aim to provide greater on-chain liquidity and reduce impermanent loss compared to AMM exchange protocols. |
Token Stats
Company Description
Uniswap is a decentralized exchange that facilitates automated transactions between Ethereum-based tokens. It is designed to be an open-source platform with an automated market maker (AMM) model. Instead of using an order book, token trades are facilitated directly between users through a liquidity pool and prices orders with an algorithm that relies on the equation x*y=k to create a price spectrum for token pairs available in the liquidity pools provided by other users. Uniswap tokens are used as a governance token and as an incentive for users to fund the liquidity pools. Since the platform is decentralized, all the trading fees collected are distributed among the liquidity providers; according to the share that they provide in the liquidity pools. | OmiseGO is an Ethereum-based financial network that enables greater inclusion and interoperability between blockchain projects. OmiseGo is building a decentralized cryptocurrency exchange that will facilitate real-time, peer-to-peer value exchange of fiat and crypto assets. Through the OMG wallet SDK, users can build or use compatible wallets to integrate with the network. | The DODO exchange allows users to trade Crypto through a liquidity protocol that is powered by their Proactive Market Maker (PMM) algorithm. It is an oracle-aided algorithm with an advanced pricing formula that provides contract-fillable liquidity, designed to maximize efficiency and reduced price slippage compared to decentralized exchanges that use an automated market maker (AMM) model. Another relative advantage of the DODO exchange is that it give liquidity providers greater flexibility. |