DODO is Live On Arbitrum One

Published on: 02.09.2021

DODO is now live on Arbitrum One to transfer 5 million DODO tokens to the Arbitrum One for community rewards.

This comes as the third part of our avian-themed DODO Carnival incentives series, known as the Kakapo program. The Kakapo plan will be accomplished with Classic Pool liquidity mining and trading rewards.

🔥Part 1: Liquidity Mining

The following are the liquidity pools that were first available on DODO Ethereum in August 2020, and which will now be available on DODO Arbitrum:

wBTC/USDC
ETH/USDC
USDT/USDC
DODO/USDC (please note that trading rewards do not apply to this pool)

Liquidity providers (LPs) will receive DODO token rewards for their liquidity contributions to these pools.

🔥Part 2: Trading Rewards

A total of 10,000 DODO tokens will be up for grabs for traders each day under the following structure:

Any wallet address is eligible for these trading rewards, with a minimum trade amount of $100 per transaction in order to qualify
Each eligible trade qualifies for 2 DODO tokens in trading rewards
The maximum value of rewards per day is capped at 125 DODO tokens per day per eligible address
Wash trading, bot interference, and other suspicious and/or exploitative activities will not be tolerated and will be extensively monitored

Trading rewards are subject to a 90-day vesting schedule and the tokens will be linearly released on a per-block basis. Rewards will be distributed each week (every 7 days) to eligible and qualifying addresses. Users will need to claim these rewards when they wish to.

The trading rewards program will be reviewed on a weekly basis, and various platform performance metrics will be taken into account for any further adjustments made.