DOPEX: Decentralized Option Exchange

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. The Governance of the Dopex Protocol plays a critical role in the smooth operation and growth of the platform. There are several key aspects of the platform that are controlled via governance.

Some Of Which Include:

Weights for Option Pool Rewards–The rewards emitted to different Option Pools are weighted i.e pools with higher weights receive more rewards.

Rebate Percentages–The rebate given on losses that are incurred in an Option Pool is a percentage of the loss incurred. This percentage can be changed via a vote through governance.

Volatility Multipliers–The Option Pricing on Dopex heavily relies on the Volatility Multipliers set via governance to price options which incentives option writers to hold DPX and actively participate in these Governance votes to correctly and competitively price options.

Dopex comes with a two token model. One is $DPX the vanilla governance and protocol fee accrual token and $rDPX  rebate token, also used for protocol usage.

$DPX is the limited supply governance token for the Dopex protocol and is used to vote on protocol and app level proposals. Apart from being a vanilla governance token, DPX also accrues fees and revenue from pools, vaults and wrappers built over the Dopex protocol after every global epoch. Total Supply of $DPX token will be 500,000.

$rDPX is a token minted and distributed for any losses incurred by pool participants. The amount of tokens minted are determined based on the net value of losses incurred at the end of a pool’s epoch. A percentage of the losses, which’s determined by governance is minted for all pool participants after the epoch has ended

TOKEN USAGE

The DPX and rDPX tokens are used for a variety of use cases aimed to enhance the platform’s usability and liquidity while offering it as incentive to create a superior alternative to current option platforms in terms of price and PnL. The DPX token can also be used as a proxy for voting in decisions based on proposals offered by the community. Similar to existing projects that follow this method such as MakerDAO, Compound, Yearn.finance etc.

The $DPX sale has concluded with 4808 ETH raised during the duration of the sale.

ABOUT  DOPEX
Dopex is a maximum liquidity and minimal exposure options protocol. Dopex uses option pools to allow anyone to earn a yield passively. This is done by selling options to purchasers with minimal interaction with the protocol.

RESOURCES
Website
Twitter
Medium