DPX

DopexDPX

Rank #2883
Token
On 8,323 watchlists

Dopex Price (DPX)

$241.58
4.95%

0.01202 BTC1.07%

0.1785 ETH2.30%

Low:$216.02
High:$242.39
24h
DPX  Dopex DPX
Price:
$241.58
 4.95%
Market Cap
$27,782,172
0.00%
Fully Diluted Market Cap
$120,792,051
4.95%
Volume
24h
$911,578
2.43%
Volume / Market Cap
0.03281
Self Reported Circulating Supply
115,000.00 DPX
Max Supply
500,000
Total Supply
500,000
Sponsored

Dopex to USD Chart

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DPX to USD Converter

DPX

Dopex

USD

United States Dollar

DPX Price Statistics

Dopex Price Today
Dopex Price$241.58
Price Change24h$11.39
4.95%
24h Low / 24h High
$216.02 /
$242.39
Trading Volume24h$911,577.83
2.43%
Volume / Market Cap0.03281
Market Dominance0.00%
Market Rank#2883
Dopex Market Cap
Market Cap$27,782,171.82
Fully Diluted Market Cap$120,792,051.40
4.95%
Dopex Price Yesterday
Yesterday's Low / High
$198.20 /
$231.93
Yesterday's Open / Close
$199.01 /
$218.05
Yesterday's Change

9.56%

Yesterday's Volume$765,820.13
Dopex Price History
7d Low / 7d High
$194.22 /
$242.39
30d Low / 30d High
$194.22 /
$552.58
90d Low / 90d High
$119.10 /
$628.82
52 Week Low / 52 Week High
$0 /
$4,219.27
All Time High
Jan 15, 2022 (9 months ago)
$4,219.27
94.27%
All Time Low
Nov 17, 2021 (a year ago)
No Data
Dopex ROI

79.42%

Dopex Supply
Circulating Supply115,000 DPX
Total Supply500,000 DPX
Max Supply500,000 DPX

DPX to USD Converter

DPX

Dopex

USD

United States Dollar

DPX Price Live Data

The live Dopex price today is $241.58 USD with a 24-hour trading volume of $911,578 USD. We update our DPX to USD price in real-time. Dopex is up 4.95% in the last 24 hours. The current CoinMarketCap ranking is #2883, with a live market cap of not available. The circulating supply is not available and a max. supply of 500,000 DPX coins.

If you would like to know where to buy Dopex at the current rate, the top cryptocurrency exchanges for trading in Dopex stock are currently MEXC, Uniswap (V3) (Arbitrum), and SushiSwap (Arbitrum). You can find others listed on our crypto exchanges page.

What Is Dopex (DPX)?

Dopex is a decentralized options protocol that targets liquidity maximization while minimizing losses for option writers and maximizing gains for option buyers. Dopex offers a simple and easy-to-use platform, meaning that anyone can participate in an option pool. Users can deposit base/quote for their respective pools, earn passive income by writing and purchase discounted options through liquidity pools.

Moreover, option writers benefit from a rebate system for losses based on the exercised options for every monthly or weekly epoch. Rebates are calculated based on percentage losses incurred by options writers during a weekly epoch and then paid in the protocol’s rebate token rDPX. Option pool participants receive a percentage of rPDX relative to their value of losses. Using this rebate system, options writers benefit from a higher return than they would have from hedging strategies.

Who Are the Founders of Dopex?

Dopex was founded in the spring 2021 and is run by an anonymous group of developers. Although the size and makeup of the team remains unclear, several team members can be identified via their Twitter accounts:

The project also enjoys the backing of several pseudonymous, well-known whales from Crypto Twitter, such as Tetranode, DefiGod, and DCV Capital, a proclaimed collective of angel investors. Dopex stresses that it is not supported by VC funds and has no interest in cooperating with them.

What Makes Dopex Unique?

Options on Dopex are designed to mirror Deribit, the market leader in cryptocurrency options. Dopex offers European style options, meaning they can only be exercised at expiry. Options are fully backed by collateral either in the base asset (currently ETH and BTC) or the quote asset (USDT is used for settlement). They are issued as ERC-20 tokens and can be purchased from the Dopex Options AMM. This enables buyers to exchange them on any other AMM like Uniswap or SushiSwap, or potentially trade them over the counter and on centralized exchanges.

Dopex uses “epochs” for accounting assets, option flows, and reward/rebate distribution of the DPX token as incentives for providing liquidity to the platform. Options have either weekly or monthly epochs. Options pools are permissionless, and anyone can become a liquidity provider and add options by adding base or quote assets to the pools. Liquidity providers can withdraw their liquidity at the end of an epoch. This allows LPs to earn passive yield with minimal interaction with the protocol while collecting rebates if the written options were not profitable. Moreover, options writers benefit from liquidity rewards in the bootstrapping phase of the protocol. Therefore, in contrast to traditional centralized options exchanges, users don’t have to look for liquid markets to provide liquidity manually, but can do so in an automated and simplified manner.

Buyers can swap their options for a different expiry and/or strike price and benefit from volume pools, allowing them to deposit funds before weekly global epochs. Moreover, buyers can use funds from the pool to purchase options from any option pool at a 5% discount. This allows for the creation of sophisticated option hedging strategies. In addition, Single Staking Options Vaults permits users to stake their DPX and rDPX while simultaneously selling them as call options to buyers. DPX holders can, thus, continue earning yield on their tokens and utilize them as productive assets.

Check out dYdX (DYDX) — a decentralized perpetual futures exchange.

Check out Ribbon Finance (RBN) — another decentralized options protocol.

Read our deep dive into Injective Protocol, a decentralized trading exchange.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

How Many Dopex (DPX) Coins Are There in Circulation?

The total supply of DPX is 500,000. DPX is the protocol’s governance token used for voting on protocol and app-level proposals, which also accrues fees and revenues from pools, vaults, and wrappers built on the protocol. DPX is distributed as follows:

  • Operational allocation (17%): distributed over five years. Governance community development, platform upgrades, operational costs.
  • Liquidity mining (15%): distributed over two years.
  • Platform rewards (30%): distributed over five years, incentivizing the use and maintenance of the protocol.
  • Team (12%): 20% staked in liquidity pools, 80% vested for two years.
  • Early investors and token sale (26%): 11% to early investors vested over six months, 15% to token sale.

How Is the Dopex Network Secured?

Dopex launched on Arbitrum, a layer-two scaling solution of Ethereum that utilizes optimistic rollups. Optimistic Rollups (ORs) can trustlessly record transactions on the second-layer blockchain and broadcast periodic merkle roots of the transactions to the first-layer blockchain. External validators verify these merkle roots, which delays withdrawing funds from layer-twos running on optimistic rollups (usually by one week).

Where Can You Buy Dopex (DPX)?

DPX is available on Uniswap (V2) and SushiSwap.

DPX to USD Converter

DPX

Dopex

USD

United States Dollar

DPX Price Statistics

Dopex Price Today
Dopex Price$241.58
Price Change24h$11.39
4.95%
24h Low / 24h High
$216.02 /
$242.39
Trading Volume24h$911,577.83
2.43%
Volume / Market Cap0.03281
Market Dominance0.00%
Market Rank#2883
Dopex Market Cap
Market Cap$27,782,171.82
Fully Diluted Market Cap$120,792,051.40
4.95%
Dopex Price Yesterday
Yesterday's Low / High
$198.20 /
$231.93
Yesterday's Open / Close
$199.01 /
$218.05
Yesterday's Change

9.56%

Yesterday's Volume$765,820.13
Dopex Price History
7d Low / 7d High
$194.22 /
$242.39
30d Low / 30d High
$194.22 /
$552.58
90d Low / 90d High
$119.10 /
$628.82
52 Week Low / 52 Week High
$0 /
$4,219.27
All Time High
Jan 15, 2022 (9 months ago)
$4,219.27
94.27%
All Time Low
Nov 17, 2021 (a year ago)
No Data
Dopex ROI

79.42%

Dopex Supply
Circulating Supply115,000 DPX
Total Supply500,000 DPX
Max Supply500,000 DPX