Liquidity providers deposit funds into DODO and receive trading fees from traders (supply-side fees).

DODO is a non-custodial exchange protocol built on Ethereum and other blockchains. DODO launched in 2020.

DODO tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). DODO's investors include Pantera Capital, Three Arrows Capital, Binance Labs, etc.

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Exchanges (DEX)

DODO

# DODO Token incentives Methodology

## 1. Overview

DODO token incentives measures the daily USD value of DODO tokens distributed as liquidity mining rewards across the DODO protocol. This metric tracks the total amount of native tokens paid out to liquidity providers as incentives for participating in DODO's automated market maker (AMM) pools. The calculation aggregates claim events from DODO's mining contracts across multiple blockchain networks and converts the distributed token amounts to USD values using end-of-day pricing data.

## 2. Data sources

The calculation relies on the following raw data sources:
- **Blockchain event logs**: Parsed `Mine_Claim_event` and `ERC20Mine_Claim_event` logs from DODO protocol mining contracts across Ethereum, BSC, Arbitrum, and Polygon networks
- **Mining contract data**: DODO liquidity mining contract addresses and their associated program names (ERC20 Mine v2, Mine v1, ERC20 Mine, Mine v2) across all supported chains  
- **Token price data**: End-of-day DODO token price feeds from Ethereum markets
- **Token metadata**: DODO token decimal precision data for accurate amount calculations
- **Transaction context**: Block timestamps and transaction hashes for proper time-based aggregation

## 3. Step-by-step calculation

### Component A: Raw incentive claim extraction
- **Purpose**: Extract all DODO token claim events from mining contracts across supported chains
- **Logic**: The system processes `Mine_Claim_event` logs from DODO v1 and v2 mining contracts on Ethereum, BSC, Arbitrum, and Polygon. For v2 contracts, only events where the `i` parameter equals '1' are included to filter for DODO token claims specifically. For v1 contracts, the logic varies by contract address - certain addresses use `i` parameter '0' while others use '1'. The Ethereum v1 `ERC20Mine_Claim_event` logs require special handling with address-specific filtering rules to extract the correct reward amounts.
- **Key fields**: `block_timestamp` for timing, `address` for the mining contract, `amount` or `reward` fields containing the raw token quantities, `transaction_hash` and `log_index` for deduplication

### Component B: Chain and token standardization  
- **Purpose**: Normalize token addresses and chain identifiers for consistent pricing and aggregation
- **Logic**: All DODO token addresses from non-Ethereum chains (BSC, Arbitrum, Polygon) are mapped to the canonical Ethereum DODO token address. This enables consistent USD price conversion since DODO pricing data is primarily available from Ethereum markets. The original chain information is preserved for reporting purposes while the standardized chain is used for price lookups.
- **Key fields**: `original_chain` preserving the source blockchain, `chain` set to 'ethereum' for pricing, `original_token_address` and `token_address` for address mapping

### Component C: Mining contract context enrichment
- **Purpose**: Add descriptive information about which specific mining programs distributed the rewards
- **Logic**: The system joins claim events with a dimension table containing mining contract addresses and their corresponding program names. This mapping includes contracts like "ERC20 Mine v2", "Mine v1", "ERC20 Mine", and "Mine v2" across all supported chains, providing context about the specific liquidity mining program that distributed each reward.
- **Key fields**: `account_address` for joining, `account_name` and `contract_name` for program identification

### Component D: USD conversion and decimal correction
- **Purpose**: Convert raw DODO token amounts to standardized USD values
- **Logic**: Raw token amounts are processed through decimal correction to account for DODO token's precision, then converted to USD using end-of-day DODO price feeds from Ethereum markets. The conversion handles the native token decimal places and applies the appropriate exchange rate for the date of each claim event.
- **Key fields**: `token_incentives` containing the corrected USD amounts, preserving original `amount` values for reference

### Final aggregation
- **Combining components**: All processed claim events are aggregated by day, preserving chain, business line, and version dimensions for comprehensive reporting
- **Currency conversion**: USD conversion uses end-of-day DODO token prices applied to decimal-corrected token amounts
- **Time aggregation**: Block timestamps are truncated to daily boundaries, with all claims within a 24-hour period aggregated together  
- **Final calculation**: The daily token incentives value equals the sum of all USD-converted DODO token amounts claimed from mining contracts on that day, with zero-filling applied for days with no activity to ensure continuous time series data

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

DODODODO

Token incentives

Token incentives

Competitive landscape

Chain breakdown