Dopex Rebate Token
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.
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- Asset Type: ERC-20
- Market Cap: $3.6M
- Fully Diluted Valluation: $5.5M
- FDV / MC: 1.5
- Ranking inside Exponential (excluding stables): #103
- Circulating Supply: 1,363,785
- Total Supply: 2,101,202
- Volume (24H): $18.4
- ATH: $315.58 (01/16/2022)
- ATL: $1.25 (09/08/2024)
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.
rDPX has an uncapped supply.
rDPX trades with little to no correlation to the overall market.
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.