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Dopex Rebate Token

rDPXCopy token address/WETH

Price USD
$1.04
Price
0.0003511 WETH
Liquidity
$113K
FDV
$2.2M
Mkt Cap
$1.4M
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Txns0
VolumeN/A
Makers
0
Buys0
Sells0
Buy VolN/A
Sell VolN/A
Buyers0
Sellers0
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Pooled rDPX53,758$55K
Pooled WETH19.39$57K
Pair
EXP
rDPX
HLDEXP
WETH
HLDEXP
Go+ Security
1 issue
Quick Intel
1 issue
Token Sniffer
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rDPX
Dopex Rebate Token

rDPX is the Dopex protocol rebate token. It 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. A percentage of the losses, which is determined by governance, is minted for all pool participants after the epoch has ended. rDPX while having a no cap supply - has mechanisms in-place to avoid it from being valueless while also providing intrinsic value to the token. 1. rDPX would be a fee requirement for future app layer additions to Dopex such as vaults. 2. Dopex would support rDPX as collateral to borrow funds from Margin to leverage option positions. 3. rDPX would be usable as collateral to mint synthetic assets, commodities etc. which could further be used to create options for synthetic non-crypto assets. 4. Fee accrual can be boosted via staking rDPX.