Rank: 1249
321 Watchlists
DeFi
DPX Price
Contracts/Explorers:
Ethereum
Funds and Backers
Wallets
No wallets found yet
Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers
Market Cap
$ 8.57M
FDV
$ 15.45M
ATH Market Cap
$ 738.81M
24 Trade Vol.
$ 425.61K
Vol. (24h) / MCap
0.0497
Max Supply
DPX 500,000
Total Supply
DPX 500,000
Circulating Supply
DPX 277.19K
(55.4% of Max Supply)
Listing Date
25 Jun 2021
All Time High
$ 4,379
16 Jan 2022
All Time Low
$ 30.43
27 Apr 2024
From ATH
From ATL
Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers. Option pools are created for all options on Dopex, which allows anyone to participate and deposit base/quote for their respective pools to gain passive income from option writing and purchasing discounted options through liquidity pools which could then be arb-ed for an instant profit. The protocol is governed by users via a limited supply governance token, DPX, which would also be used for collecting protocol and app layer fees. Dopex also offers a rebate system for losses incurred for option writers based on exercised options for every epoch. The rebates are paid in the form of a theoretically infinite supply token, rDPX.
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. 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. Dopex will make use of the DPX token to vote on and pass proposals to actively govern the protocol and ensure decisions are made to improve it and achieve it's goal of being the best source for liquid options. Some of the initial governance duties are controlling the IV multiplier of the option pools, controlling the strike range of the option pools, controlling the IV cap of the option pools.
Dopex's current price is $ 30.90, it has dropped -2.22% over the past 24 hours.
Dopex's All Time High (ATH) of $ 4,379 was reached on 16 Jan 2022, and is currently -99.3% down.
The current circulating supply of Dopex is 277.19 Thousands tokens, and the maximum supply of Dopex is 500.00 Thousands.
Dopex’s 24 hour trading volume is $ 425.61 Thousands.
Dopex's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 8.57 Million.
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