Dopex is a decentralized options protocol on Arbitrum, offering unique governance and income-generating features in DeFi. More
| Fully Diluted Valuation | $2.67M |
|---|---|
| 24H Trading Volume | $1,073 |
| 24H Low / High | $5.32 / $ 5.64 |
| Circulating Supply | 0.00 |
| Total Supply | 500.00 K |
| Max Supply | 500.00 K |
| Categories | Exchange-based Tokens 6 more |
|---|---|
| Founder | Anonymous |
| Website | dopex.io |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Ethplorer 4 more |
| Contracts |
0xeec....fdc81
1 more
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| Name | Pair | OG Score |
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Dopex, a decentralized options protocol, was launched in May 2021 and has swiftly carved a niche in the DeFi space. Operating primarily on the Arbitrum network, Dopex aims to maximize liquidity and minimize losses for options writers while enhancing gains for buyers. Its distinctive approach includes offering European style options, fully backed by collateral, and issued as ERC-20 tokens. This setup allows for flexibility in trading, with options being exchangeable across platforms like Uniswap or SushiSwap.
At the heart of Dopex's ecosystem is its governance token, DPX, which plays a multi-faceted role. As a limited supply token, DPX entitles holders to vote on protocol and application-level proposals, akin to governance structures in projects like MakerDAO and Compound. Importantly, DPX accumulates fees and revenues from various pools, vaults, and wrappers within the Dopex protocol. Additionally, holders can lock DPX to receive veDPX, a non-tradable vote-escrowed version, enhancing their governance capabilities over decisions impacting the protocol's future.
Innovative features such as Single Staking Option Vaults (SSOVs) and liquidity pools underline Dopex's commitment to simplifying participation while offering passive income opportunities. SSOVs enable users to earn yields by locking up tokens, which are then sold as CALL or PUT options. Liquidity pools further augment this by allowing for efficient market exit strategies. Dopex's launch on Arbitrum and subsequent expansion to Polygon reflects its strategic growth, focusing on scalability and efficiency, pivotal in today’s fast-paced DeFi landscape.
Dopex stands out for its focus on maximizing liquidity and minimizing losses for option writers, while boosting gains for option buyers. It features European style options, fully backed by collateral, and a governance token, DPX, that accrues fees and revenue.
Dopex was founded in Spring 2021 by an anonymous team of developers, including TzTok-Chad (senior developer) and others identified through their Twitter accounts.
Dopex has backing from several pseudonymous, prominent figures in Crypto Twitter, like Tetranode and DefiGod, forming a collective of angel investors.
You can buy Dopex (DPX) on Uniswap V2 (Ethereum), Camelot V3, Sushiswap (Arbitrum One) cryptocurrency exchanges.
