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Dopex

Dopex DPX Price $ 42.07

Rank: 1212

312 Watchlists

DeFi

DPX Price

42.07
1.67%
($ 0.693)
Price Range
LowHigh
$ 41.16$ 42.17

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

Description

Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers

Dopex (DPX) Chart

The Dopex to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

DPX to USD Converter

Dopex (DPX)DPX

DPX Price Statistics

leaderboard

Market Cap

$ 11.66M

FDV

$ 21.03M

ATH Market Cap

$ 738.81M

24 Trade Vol.

$ 338.45K


Vol. (24h) / MCap

0.029

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

$ 38.85

25 Mar 2024


From ATH

99%

From ATL

8.29%

Dopex Price Analysis

What is Dopex (DPX)?

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 Price Today

Dopex's current price is $ 42.07, it has increased +1.67% over the past 24 hours.

Dopex's All Time High (ATH) of $ 4,379 was reached on 16 Jan 2022, and is currently -99% 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 $ 338.45 Thousands.

Dopex's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 11.66 Million.

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