Dopex Rebate Token. Price of cryptocurrency: $ 5.18224743

The aim of Dopex is to maximize liquidity, minimize losses for option writers and maximize gains for option buyers - all in a passive manner. There are people in this picture The option pools on Dopex allow anyone to participate and deposit base/quote for their 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 through a token called DPX, which is used for collecting protocol and app layer fees. The Dopex offers a system for losses incurred by option writers based on exercised options. There are people in this picture The percentage losses incurred by option writers for an epoch and a percentage of rDPX relative to the value of losses are calculated and distributed to option pool participants. There are people in this picture There are people in this picture rDPX can be used to borrow capital from the margin pool to leverage option positions or to mint synthetic derivatives of assets supported within the protocol. There are people in this picture This inherently gives the rDPX token real value and creates a positive feedback loop for liquidity to grow and option writers/traders to participate considering the deep liquidity, cheaper options to purchase and higher return on investment from option writing.