Near launches Dodo with $7.5 million reward pool backed by Proximity Labs
Dodo will launch as a preferred decentralized exchange (DEX) based on Near's protocol, proof-of-ownership blockchain and decentralized application platform using segmentation technology.
The Ethereum-based application will be deployed on Near via the Aurora network, a scaling solution with the Near Ethereum virtual machine.
Tokens worth $7.5 million to incentivize Dodo on Aurora will be provided by Dodo in partnership with Proximity Labs through its $350 million DAO decentralized financial grants.
These incentives will include a $5 million liquidity mining campaign ( rewards in DODO and NEAR tokens) as well as trading rewards (2 DODOs per eligible transaction and up to 125 DODOs per day).
