Dopex Rebate

What is Dopex Rebate?

Dopex stands as a Decentralized Options Exchange harnessing the power of blockchain technology. This ensures unrestricted and non-custodial entry to options trading. The goal is to establish a platform that reduces losses for option writers while enhancing liquidity for option buyers.

---

Recent Video Interview

Main points of the interview:

• Dopex V2 is a decentralized options exchange on Arbitrum, offering permissionless and non-custodial trading.
• The team revamped the product suite post-2022 DeFi liquidity collapse, focusing on antifragility.
• Key features include consolidated liquidity, superior LP returns, and portfolio margin.
• V2 introduces a concentrated liquidity AMM and an options AMM to enhance capital efficiency and composability.

---

Single Staking Option Vaults (SSOVs)

Dopex Rebate introduces Single Staking Option Vaults (SSOVs) in decentralized finance. SSOVs allow users to write or purchase options, with liquidity providers (Option Writers) depositing assets to write covered calls and cash-settled puts. Writers make key decisions, including the asset, call or put, settlement price, and settlement date. They earn premiums, face collateral reduction for expired options, and may earn yield through farm rewards.

Option Buyers can purchase options from SSOVs, paying a premium in the base asset or stablecoins. They choose the underlying asset, option type, strike price, and expiration date. Settlement, based on historical volatility, occurs if options expire in-the-money. This product aims to offer a comprehensive decentralized options trading experience.

Option Liquidity Pools (OLPs)

Dopex Rebate introduces Option Liquidity Pools (OLPs) within the Single Staking Option Vaults (SSOV) framework. OLPs allow SSOV purchasers to exit positions mid-epoch by selling options against a liquidity pool at a discounted Implied Volatility (IV). Liquidity Providers (LPs) deposit funds to purchase these discounted options, creating a secondary marketplace. LPs can withdraw their funds at any time. OLP Users, SSOV option holders, can browse relevant pools, view bid positions, and sell their options to LPs for tokens at a discounted rate.

Dual Token System

Dopex employs a dual token system designed to incentivize user participation and foster deep liquidity on the platform. The two tokens are $DPX, serving as a governance and incentive token, and $rDPX, functioning as a rebate token for option writers.

For $DPX, the maximum circulating supply is 500,000, emitted over a 5-year period. Allocations include Early Investor and Token Sale (26%), Operational Allocation (17%), Liquidity Mining (15%), Platform Rewards (30%), and Founders Allocation (12%).

As for $rDPX, it has an uncapped circulating supply. However, new tokens can only be minted in the form of dbrDPX after the introduction of $rDPX v2. dbrDPX is an ERC-721 token that bonds $rDPX into existence, and the new $rDPX enters circulation only through purchase, paired with $ETH on the rDPX/ETH Permissioned AMM. This ensures controlled token issuance and circulation.

Incentives for Liquid Mining

Dopex incentivizes Single Staking Option Vaults (SSOV) Liquidity Providers with $DPX and external protocol incentives. The liquidity mining program operates on a strike-based system, ensuring fair rewards across different strikes for option purchasers. Incentives are distributed 60:40 between standard tokens and In-The-Money (ITM) calls at the SSOV level, offering flexibility in reward parameters. ITM calls, deposited and repurchased each epoch, provide liquidity providers the option to either hold for settlement at expiration or exit mid-epoch using Option Liquidity Pools (OLPs), regularly bootstrapped for sufficient liquidity.

Investors and Partners

List of Dopex Rebate's investors and partners:

• TΞtranodΞ
• DefiGod
• OrcaTraders
• Pattern
• Debase
• Hardwood Orcz
• DCV

Project Development

Dopex Rebate addresses concerns about the rDPX v2 rollout, emphasizing its resilience and stability despite market challenges. Key stats include 40,000 rDPX tokens burned, a healthy rtETH/WETH ratio, and a commitment to transparency. They reassure users that recent $rDPX price fluctuations are not linked to protocol issues or insider trading.

The team acknowledges a premature discussion about merging $DPX and $rDPX tokens, apologizing for any community concerns. Currently, there are no plans for such a merge. Dopex Rebate commits to better communication, improved documentation, and community engagement.

Dopex Rebate Price Analysis

As of November 24 2024 Dopex Rebate has a marketcap of $2M. This is {{percentagefromath}} from its all time high of $315.58. In terms of its tokenomics, there's a total supply of 2.1M with 65% currently outstanding. Keep in mind Dopex Rebate has a fully diluted value of $3M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.