Dopex Rebate Token

rDPX

rDPX is a token minted and distributed for any losses incurred by pool participants. The amount of tokens minted are determined based on the net value of losses incurred at the end of a pool's epoch.

Risk Rating
Best
$6.41
-2.53%
Summary
What we like
rDPX has several mechanisms intended to make the supply deflationary as well as various uses on the Dopex options platform.
What we like less
rDPX has no supply cap and tokens are minted as a rebate for options writers' losses.
What it means for you
Provides a strong incentive to write options on Dopex to earn rDPX rebates. In the future, it is also planned to be used as collateral to mint synthetic derivatives.
Information
Blockchain
  • Arbitrum
Key Metrics
  • Market Cap: $8.7M
  • Fully Diluted Valluation: $13.4M
  • FDV / MC: 1.5
  • Ranking inside Exponential (excluding stables): #92
  • Circulating Supply: 1,363,010
  • Total Supply: 2,101,202
  • Volume (24H): $33.6K
  • ATH: $315.58 (01/16/2022)
  • ATL: $1.78 (07/20/2021)
Risk Assessment
Best
Asset Strength

rDPX 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

rDPX has an uncapped supply.

Asset Volatility

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

Dependencies

Dopex

Things to know about rDPX

What is rDPX used for?

rDPX is the rebate token for the Dopex protocol. It is minted and distributed for any losses incurred by options writers. The amount of tokens minted is determined based on the net value of losses incurred at the end of a pool's epoch. rDPX has several use cases planned including use as a fee requirement for future Dopex products, collateral to borrow funds to leverage option positions, collateral to mint synthetic assets, and staking to boost DPX fee accrual.

rDPX tokenomics

rDPX has an elastic supply as it is minted to recoup pool participants' losses.

How does rDPX accrue value?

In addition to its uses across the Dopex platform, the v2 tokenomics is expected to result in the token supply becoming deflationary. A key part of this will be driven by the introduction of the dpxUSD stablecoin, which is minted by burning rDPX.