Dopex (Decentralized Options Exchange) is an on-chain options protocol built on the Arbitrum network.
Dopex is a decentralized options protocol built on the Arbitrum L2 network. The protocol is designed to maximize option liquidity minimize losses for option writers, and maximize gains for option buyers. The platform's first flagship product, Single Staking Option Vaults (SSOVs), allow users to lock up tokens for a specified period of time (monthly/weekly) and earn yield on their deposited asset. When users deposit an asser to a SSOV contract, it then sells the user's deposit as call options to buyers at fixed strike prices that the user selects for a set expiration date at the end of the epoch. SSOV call options are either ATM, OTM or far OTM. The contract then deposits the user's asset into a single staking pool to yield farm rewards in addition to earning option premiums.
The Dopex protocol collects fees from its option vaults. All the fees collected are distributed to DPX token holders at the end of every weekly epoch. Fee accrual can be boosted through staking Dopex's secondary token, rDPX.
You can generate yield by depositing assets into Dopex's SSOVs to collect option premiums and staking rewards. For more advanced DeFi users, you can leverage the protocol's several option strategies to generate yield based on your market outlook.