IN-DEPTH LOOK AT DOJO SWAP- THE FIRST NATIVE AMM DEX ON INJECTIVE.WHAT IS DOJO SWAP

In previous articles of this series I highlighted hydroprotocol a Liquid staking Derivative protocol built on our favorite blockchain -Injective. Today I’ll be highlighting Dojo Swap — The first Native AMM DEX on Injective.

Dojo Swap is an automated market-maker (AMM) protocol on the Injective block chain that is modeled around Uniswap and is implemented using smart contracts. A decentralized on-chain exchange for different assets inside the Injective ecosystem is made possible by the protocol.
Users can take part in Dojo Swap as liquidity providers, traders, or in both capacities. Dojo Swap rewards early contributions with a point system. a system in which points are accrued based on how long you hold your provided liquidity. More DOJO tokens than the total number of points earned will be awarded to users.

WHAT ARE DEXs

A decentralized exchange (DEX) is a type of exchange that specializes in peer to peer transactions of crypto currencies and digital assets. Unlike centralized exchange (CEXs), DEXs do not require a trusted third party, or intermediary, to facilitate the exchange of crypto assets.

WHAT ARE AMMs

Automated market makers (AMMs) are a type of decentralized exchange (DEX) that use algorithmic “money robots” to make it easy for individual traders to buy and sell crypto assets. Instead of trading directly with other people as with a traditional order book, users trade directly through the AMM.
The first Native AMM (Automated Market Maker) DEX on Injective is Dojo Swap. Dojo Swap functions as both a launch pad and an incentive for liquidity farming.• Dojo Swap was constructed with the intention of adding many additional projects to it, like GambleFi, Liquid stakers, Liquidity lockers, and many others.
• The native token $DOJO, which was unveiled on January 9, 2024, through the Dojo Launch pad, powers Dojo Swap. They used the Dynamic Overflow technique to raise $25 million in $INJ tokens through a 44x oversubscription. This was a hugely bullish and unprecedented event for the Injective ecosystem. It ran until January 11th, 2024.In these commands, DOJO utilities were launched.
• Single staking DOJO for DOJO pools.
• Liquidity farms for DOJO token.
• DOJO buyback and burn
• Future launch pad participation white listing
Within the DOJO ecosystem, possessing a DOJO provides numerous advantages. Gains from dojo exchange. The only holders entitled to launch ecosystems on the launchpad and get several airdrops, including Baby DOJO, $YKZ, and others, are those who possess DOJO or DOJO-INJ LP. The DOJO team then branched out into yield farming, which is essentially the practice of users giving Dojo Swap liquidity in return for DOJO tokens.
Dojo Swap has two main characteristics, which are Dojo Swap's features.

Features of dojo swap:

ASSET SWAP: Trader’s leverage Dojo Swap to swap tokens seamlessly, facilitated by the exchange rate established by the liquidity pool’s ratio.
LIQUIDITY PROVIDER: This enhances Dojo Swap pair’s liquidity by contributing equally valued assets to the pool, receiving LP tokens in return. These tokens enable them to earn trading fees from swaps within the pool. Withdrawal involves burning the LP tokens.

LIQUIDITY FARMING AND ECOSYSTEM

BUILDING: The farm feature operates on the principle of LP token staking, where users contribute their LP tokens to designated contracts, participating in the liquidity provision process for the INJ-USDT trading pair. In returns , these participants are entitled to earn additional reward, often in the form of native tokens or trading fees, proportional to their staked LP holdings. This strategic staking mechanism not only fosters a more engaged community within the Dojo Swap ecosystem but also incentivizes liquidity providers by offering them an opportunity to garner supplementary yields while contributing to the exchange’s liquidity.

A decentralized gaming platform based on Injective called ninja roll. The team at ninja roll launched their ROLL token on DOJO. Since its debut, the Dojo Swap Launch pad has witnessed a great deal of successful launches, demonstrating its enormous success. The likes of SUSHI, xninja tech, and Kage Finance. In order to make airdrop searching less stressful and to make it easier for project owners to initiate airdrops, Dojo Swap also introduced an airdrop platform.
On their platform, airdrops like PUNK and Baby DOJO (for devoted DOJO holders) have been launched. The CW404 standard was introduced by the Dojo Swap team and the Injective team.

The SUSHI token is the first example. Next, the Baby DOJO token the CW20 Reflection standard was introduced on Injective. The holders of Baby DOJO everyday get DOJO. I’ll discuss and go into more detail about the $DAOJO launch in a second section of this discussion.
There is a lot of development and ongoing innovation happening on Injective, where issues and gaps in On-chain finance and cosmos chains are being addressed with proposed solutions. And one dApp on Injective that personifies these exceptional qualities and has a thriving, ever-expanding ecosystem all by itself is Dojo Swap.