TechFlow News, July 23 — Decentralized trading protocol DODO announced that the DIP-20 proposal to "allocate 10 million DODO tokens to incentivize BTC trading pairs on Select Chains" has passed voting on Snapshot.
Previously, in response to the recent surge in BTC Layer 2 activity, BTC staking protocols, and other BTCfi initiatives, the DODO team proposed allocating and migrating 10 million DODO tokens to incentivize BTC trading pairs across multiple chains, including Ethereum, Arbitrum, BNB Chain, and Mantle. The initiative aims to leverage DODO's innovative Pegged Asset Pool to enhance liquidity, attract significant trading volume, and generate revenue sufficient to offset the provided incentives.
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