Summary

DIP-7 proposes migrating and allocating $5 million worth of DODO tokens to the Aurora Mainnet to be used for liquidity mining and as other trading incentives in the future.

Motivation

Aurora is one of the most promising EVM-compatible layer 2 networks. It enables highly scalable and low-cost smart contracts, and DODO is proud to have the opportunity to join the initial cohort to deploy dApps on the Aurora Mainnet.

DODO’s integration into the Aurora ecosystem will allow Aurora’s users to enjoy the unique benefits and features provided by DODO’s innovative Proactive Market Maker (PMM), such as highly capital-efficient liquidity pools, SmartTrade, Crowdpooling, and more.

Token incentives are an effective way to attract liquidity providers (LPs) and boost trading volume for protocols that are in the growth phase. Providing DODO tokens as incentives on the Aurora Mainnet would also significantly increase the number of DODO token holders, which would spur significant growth for the DODO community.

Specification

DIP-7 proposes migrating and allocating $5 million worth of DODO tokens to the Aurora Mainnet to be used for liquidity mining and as other trading incentives in the future.

Note: These $5 million worth of DODO tokens are DODO’s budget for the Aurora Mainnet, and it is not yet certain whether they will be fully utilized. The tokens will be sourced from the 60% Community Incentives allocation, as specified in the DODOnomics whitepaper.

Available Options

• Approve
• Reject

This concludes DIP-7. Suggestions and comments from community members are always welcome and encouraged.