Project basic information

Issue Time:2021-8-9

Total Supply: 500,000

Circulation:115,000

White paper:https://docs.dopex.io/

Website:https://www.dopex.io/

Block Explorer:https://etherscan.io/token/0xeec2be5c91ae7f8a338e1e5f3b5de49d07afdc81

Project Introduction

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.

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