Dopex is a decentralized system for options that aims to increase liquidity and lower costs for option writers while increasing profits for option buyers.
Dopex provides a suite of decentralized finance (DeFi) tools, such as collateral borrowing and staking in option pools, as an enhancement to the present options market. It also uses a very effective pricing approach that lets options traders take full advantage of options arbitrage opportunities right away.
Dopex's inception can be credited to TzTok-Chad, and its development is spearheaded by a team of five core developers. The project has also garnered the backing of several prominent, pseudonymous whales from the Crypto Twitter community, such as Tetranode, DefiGod, and DCV Capital, a well-known group of angel investors. Dopex emphasizes that it is not supported by venture capital funds and has no interest in collaborating with them.
Decentralized exchanges (DEXs) still face a number of problems, such as changing gas costs, low liquidity, the chance of closing down, and the fact that transactions on the blockchain are not trustworthy, so there aren't many of them. The focus of projects was on finding ways to use things that had already been made. Due to this, DeFi's derivatives market is still developing but shows great promise.
Option is seen as one of the most important parts of derivatives, and it is being developed very quickly throughout the entire crypto sector. Arbitrum's investments in derivatives are among the biggest. Dopex is a secure options trading protocol that uses the Arbitrum platform to minimize the biggest risk for traders. Users can utilize it without worrying about compromising the interests of DXP customers.
Single Staking Options Vaults (SSOVs): Dopex's primary offering, Single Staking Options Vaults (SSOVs), functions in the same way as traditional staking of cryptocurrency. An SSOV lets you lock up your assets for a certain amount of time while still earning yield on the staked assets. It enables you to sell covered call options without having to learn about option Greeks. Option Liquidity Pools (OLP): Dopex Option Liquidity Pools (OLP) are developed on top of SSOVs and serve as a secondary market for Dopex option contracts. OLPs let liquidity sources choose a discount rate at which option holders can always sell their options. Discounted options are advantageous for liquidity providers while exits in the middle of a period are advantageous for option holders.
Dopex's ecosystem is driven by two different tokens: DPX and RDPX.
DPX is the basic governance token for the Dopex system. As a governance token, DPX is used to vote on proposals such as DPX reward weights, RDPX rebate amounts, SSOV strike prices, and delegate removal. It is also used to accumulate fees from pools and vaults following each epoch.
RDPX, on the other hand, is a rebate token with a limitless supply that is intended to pay option sellers for epoch losses. The RDPX rebate service helps option writers reduce their risks and make up for their losses, allowing them to infuse liquidity into Dopex pools.
DATE NEWS/EVENTS IMPACT 20/08/2022 Dopex (DPX) will be listed in the MEXC Assessment Zone +24% Increase 02/01/2022 Dopex is listing Binance Coin on its exchange +38% Increase
Dopex has made a platform with an easy-to-use UX design that makes trading crypto options easy and profitable for even small buyers. Its products, like SSOVs and Atlantic Options, give investors profitable chances to trade options by giving them the most liquidity and reducing their losses.
Dopex is bringing the goal of decentralization to reality by improving capital efficiency through options liquidity pools and a variety of other DeFi solutions.
As the market for crypto options grows, Dopex is a project to keep an eye on because of its creative and retail-focused approach to the market.
Dopex