RDPX

Dopex Rebate Token price
RDPX

Dopex and Dopex Rebate Token has migrated to Stryke.
Click here
This is a preview page.
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
Total supply
2.25M RDPX
Max. supply
2.25M RDPX
Self-reported circulating supply
1.35M RDPX
60.04697777777778%

Dopex and Dopex Rebate Token has migrated to Stryke.
Click here

Dopex Rebate Token community

skeleton-white
 
 
 
 
 
 

Dopex Rebate Token News

  • Top
    Top
  • Latest
    Latest
CMC Daily Analysis

About Dopex Rebate Token

Dopex is a decentralized options protocol which aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers - all in a passive manner for liquidity contributing participants.

Option pools are created for all options on Dopex, which allows anyone to participate and deposit base/quote for their respective pools to gain passive income from option writing and purchasing discounted options through liquidity pools which could then be arb-ed for an instant profit. The protocol is governed by users via a limited supply governance token, DPX, which would also be used for collecting protocol and app layer fees. Dopex also offers a rebate system for losses incurred for option writers based on exercised options for every epoch. The rebates are paid in the form of a theoretically infinite supply token, rDPX.

Rebates are calculated based on percentage losses incurred by option writers for an epoch and a percentage of rDPX relative to the value of losses incurred are minted and distributed to option pool participants. The percentage rebate is determined by a governance process based on votes by DPX holders within the protocol.

The rebate allows for option writers to gain a superior return in comparison to writing naked options or hedged option writing strategies of any sort.

rDPX can in the future, also be used as collateral to borrow capital from the margin pool to leverage option positions or to mint synthetic derivatives of assets supported within the protocol such as - cryptocurrencies, stocks, ETFs, commodities, currencies etc.

This inherently gives the rDPX token real value and creates a positive feedback loop for liquidity to grow and option writers/traders to participate considering the deep liquidity, cheaper options to purchase and higher ROI from option writing.

What is Dopex Rebate Token?

How is Dopex Rebate Token secured?

How will Dopex Rebate Token be used?

What key events have there been for Dopex Rebate Token?

 
 
 
 
 
 

Similar Coins to Dopex Rebate Token