AVS Screening - DODOchain MACH

# AVS Screening - DODOchain MACH ## DODOchain MACH Contract address: [0xd50E0931703302B080880C45148F5D83ea66aE2a](https://etherscan.io/address/0xd50e0931703302b080880c45148f5d83ea66ae2a) Website: https://www.dodochain.com/ Twitter: https://x.com/DODO_chain Docs: https://docs.dodochain.com/ Blog: https://medium.com/@DODOchain AVS Category: "Secured Network" (Layer 3, Trading Omnichain, Defi) ETH Restaked: 208,285.487 Total Operators: 35 Total restakers: 61,600 Competitors: Omnichain Trading protocols Mainnet Date: Apr-23-2024 **Economic Security wanted:** Operator limits: None Points program: None ### AVS Description DODOchain AVS is an innovative Omni-Trading Layer 3 platform that serves as a liquidity layer connecting Ethereum rollups and Bitcoin networks. DODOchain implements MACH (Modular Authenticated Consensus Hybrid) as its fast finality Actively Validated Service (AVS), leveraging AltLayer's restaked rollup framework and EigenLayer's restaking mechanism. This architecture combines Arbitrum Orbit for scalability, EigenLayer for modular blockchain scaling and security, and AltLayer's Rollup-as-a-Service to create a robust, efficient, and highly secure environment for cross-chain trading and liquidity consolidation. DODOchain MACH AVS offers fast transaction confirmations, crypto-economic security to detect malicious actors, and decentralized rollup state validation, addressing historical challenges in cross-chain bridges while providing a seamless trading experience across different blockchain ecosystems. DODOchain AVS is evolving from DODO's DEX based on PMM (Proactive Market Maker), expanding its capabilities from a decentralized exchange active on 14 chains to an Omni-Trading Layer 3 platform (still in process). While DODO DEX focused on providing innovative liquidity solutions through its PMM algorithm and user-friendly tools for token creation and trading, DODOchain takes this vision further by addressing the challenges of fragmented liquidity across multiple chains. ### Categorization DODOchain is a Layer3, omnichain trading "Secured Network". ### Unique Selling Proposition DODOchain stands out in the decentralized finance landscape by offering advanced and user-centric solutions for trading and liquidity management. Compared to other DEXs, DODO DEX always stands-out with high capital efficiency. DODOchain also provides innovative tools and features that improve traders and liquidity providers operations. - **Proactive Market Maker (PMM) Algorithm** - DODOchain employs a proprietary PMM algorithm that adjusts liquidity pools more dynamically than traditional Automated Market Makers (AMMs). This approach helps in reducing impermanent loss and slippage, thereby increasing capital efficiency. - **SmartTrade Swap Aggregator**: The SmartTrade engine aggregates liquidity from multiple decentralized exchanges (DEXs) and DODO's own pools to provide the best swap rates for any crypto asset pair. This ensures favorable trading conditions for users. - **Crowdpooling**: DODO's Crowdpooling feature combines crowdfunding with liquidity pools, allowing users to initiate token offerings backed by liquid capital pools. This method prevents front-running and bot interference, ensuring a fair distribution of tokens. - **Flexible Pool Management Tools**: DODO offers tools such as the DODO Vending Machine and DODO Private Pool for creating and managing liquidity pools. These tools feature smooth price curves, one-sided deposits, and customizable price adjustments, providing users with comprehensive control over their assets. - **Combiner Harvest Mining**: This program incentivizes integration with the DODO ecosystem by rewarding liquidity providers with DODO tokens and proof of membership tokens, promoting participation and liquidity provision. These points outline the distinctive features of DODOchain in decentralized trading and liquidity management ([source](https://blog.li.fi/dodo-a-deep-dive-6ded3423716f)). ### Economic Model DODO DEX team is in process of launching DODOchain, an Omni-Trading Layer3 powered by Arbitrum Orbit. As the rollup-level liquidity layer, DODOchain unifies liquidity from various chains into one platform, supporting swaps and cross-chain transactions. To boost Total Value Locked (TVL), user growth, and to attract future partners and support ecosystem development, the [DODO team proposed migrating 200M DODO tokens to DODOchain](https://snapshot.org/#/dodobird.eth/proposal/0xd170ddeb2a9353416654495d3aa953ec725a1a1a70ea4cf679eb34ab91e3b521). Additionally, it is proposed that future protocol revenues of DODO DEX be directed entirely to the DODO community treasury until new tokenomics are launched, at which point their allocation will be determined through governance and voting. From DODOchain AVS perspective there are dual-token system (multi-token): - DODOchain already has own native token, **DODO**, launched by DODO DEX. According to DIP-18 proposal, DODO token will have incentive and value accrual utilities. - Protocol will adopt AVS Eigen Layer concept using AltLayer technology and its expected to implement dual-token mechanism (**Restaked ETH** and **Restaked ALT**) DODO token - Initial Token Allocation: ![image](https://hackmd.io/_uploads/SkDkHIDFA.png) (source: [CryptoRank](https://cryptorank.io/price/dodo/vesting)) ### Points Program N/А ### Other Product Information DODOchain currently dont have other products (DODO DEX has) ### Builders According to [IQ.wiki](https://iq.wiki/wiki/dodo/), "*DODO was founded by Diane Dai, Mingda Lei, and Qi Wang who have influence in China's DeFi community*". ### Backers **Investors**: Binance Labs, Coinbase Ventures, SevenX, Framework, IOSG, Folium, Galaxy and Panthera. (source) **Partnerships**: EigenLayer, Babylon, Arbitrum Orbit and AltLayer. ### Centralization Mainnet AVS Contract: 0xd50E0931703302B080880C45148F5D83ea66aE2a - address owner: [0x4e9bB2be300005A6dFd80645afa6be58c4F0A41B](https://etherscan.io/address/0x4e9bB2be300005A6dFd80645afa6be58c4F0A41B#readProxyContract) - 2/3 multi-sig Multi-sig signers: - 0x834F78E947Aafbcb970087bD2acDd2476Bc3f216 - 0x065A171B5812a31BDDb1c011273CadEda36fA81C - 0x5f17Ea23387fBAc3E939302D8Beee48f02c28dF7 ### Security At the moment exist only security audits separately for: 1. AltLayer MACH - [PeckShield-Audit-Report-AltLayer-MACH-AVS-v1.0](https://github.com/alt-research/mach-avs/blob/m2-dev/audits/PeckShield-Audit-Report-AltLayer-MACH-AVS-v1.0.pdf) and [AltLayer-Mach-AVS-M2-Final-by-n-var](https://github.com/alt-research/mach-avs/blob/m2-dev/audits/AltLayer-Mach-AVS-M2-Final-by-n-var.pdf) 2. DODO DEX - [security page](https://docs.dodoex.io/en/home/security) ### Maturity Mainnet date: [Apr-23-2024](https://etherscan.io/tx/0xf70f44e8482ca2baa70a88426c09d1fac2b620776342de254aa92d2c3834a5c9) ### Operators Opt-Out Documentation does not indicate a mandatory waiting period for operators who wish to opt-out. ### Regulatory Complexity Trading and liquidity management activities may subject DODOchain to heightened regulatory scrutiny. This could include increased oversight from regulatory bodies and potential complex compliance requirements. ### Risk Considerations Multisig, comprised of non-doxxed individuals, controls the AVS contract;