Dopex Governance Token

DPX

DPX is the governance token of the Dopex protocol, which is a decentralized options market.

Risk Rating
Best
$23.87
4.22%
Summary
What we like
DPX accrues value from its fixed supply and revenue share from its option vaults. It is also used as the governance token for holders to vote on community proposals.
What we like less
Users must lock their tokens for up to four years in order to receive the maximum reward boost and voting benefits. Unlocking events can be highly volatile as users may choose to sell instead of relocking.
What it means for you
Locking DPX enables you to earn a portion of fees from option pool purchases, swaps, volume pool penalties, and strategies.
Information
Blockchain
  • Arbitrum
Key Metrics
  • Fully Diluted Valluation: $11.9M
  • Total Supply: 500,000
  • Total Supply: 500,000
  • Volume (24H): $332K
  • ATH: $4,215.41 (01/15/2022)
  • ATL: $20.86 (05/15/2024)
Risk Assessment
Best
Asset Strength

DPX is a low-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Dopex, a protocol rated as Watch out.

Asset Tokenomics

DPX has a fixed supply.

Asset Volatility

DPX trades with little to no correlation to the overall market.

Dependencies

Dopex

Things to know about DPX

What is DPX used for?

DPX is the governance and revenue-sharing token for the Dopex protocol. It is used to vote on protocol proposals and also accrues fees from pools, vaults and wrappers built over the Dopex protocol. To earn DPX rewards, participate in governance, and earn platforms fees, DPX holders must lock their DPX to receive veDPX tokens. veDPX can be locked for a minimum of 1 year and maximum of 4 years.

DPX tokenomics

DPX launched with a limited supply of 500K tokens. These tokens were distributed as follows: 17% for operational activities (distributed across 5 years), 15% for liquidity mining (2 year farming period), 30% for platform rewards (distributed over 5 years), 12% to the team founders (20% initially staked in liquiidty pools and 80% vested for 2 years), and 26% to early investors and token sale.

How does DPX accrue value?

DPX is used to vote on and pass proposals to actively govern the Dopex protocol. Some initial governance abilities include controlling the implied volatility (IV) multiplier, the strike ragne, and the IV cap of the option pools. DPX also collects fees from option pool purchases, swaps, volume pool penalties, and strategy vaults. These fees are moved to a vault where DPX token holders can stake (veDPX) to collect the fees. A portion of the collected fees (5%) is used to burn the sister token, rDPX, while 15% is distributed to veDPX holders.

DPX Pools
Sushi ETH-DPX Market Making
1.9%
Yield
$687K
TVL
Risk
C
Protocol
Sushi
Chain
Arbitrum