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2022-04-18 23:30:13
How to purchase Dopex (DPX)

What is Dopex
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.
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.
Rebates are calculated based on percentage losses incurred by option writers for an epoch and a percentage of rDPX relative to the value of losses incurred are minted and distributed to option pool participants. The percentage rebate is determined by a governance process based on votes by DPX holders within the protocol.
The rebate allows for option writers to gain a superior return in comparison to writing naked options or hedged option writing strategies of any sort.
rDPX can in the future, also be used as collateral to borrow capital from the margin pool to leverage option positions or to mint synthetic derivatives of assets supported within the protocol such as - cryptocurrencies, stocks, ETFs, commodities, currencies etc.
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 ROI from option writing.
How to buy DPX?
  • How to buy DPX on Neko Invest app
    For more information:
    How to download and use Neko Invest app
    • Step 1 :  Create/Login to your Neko Invest app account
    • Step 2 :  Go to Market page, click on the Search icon and search DPX in the search bar.
    • Step 3 :  Click on DPX logo and choose Invest.
    • Step 4 :  Entering the amount of DPX that you want to buy. Then click on the Get Quotes button.
    • Step 5 :  Swipe the Swipe to swap button and now you own DPX. You can check your DPX balance in your wallet by going to Wallet page.
Contract Addresses
Dopex Governance Token (Ethereum) : 0xeec2be5c91ae7f8a338e1e5f3b5de49d07afdc81
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