Dopex (DBX) is a decentralized options protocol that targets liquidity maximization while minimizing losses for option writers and maximizing gains for buyers. It has added 25% to its value today.
Look no farther than this guide for all the details: what it is, should you buy it now, and the top places to buy it.
Top places to buy Dopex now
What is Dopex?
This easy-to-use platform makes it possible for anyone to participate in an option pool. Users can deposit base/quote for their respective pools, earn passive income by writing, and purchase discounted options through liquidity pools.
Option writers benefit from a rebate system for losses based on the exercised options for every monthly or weekly series. Rebates are calculated based on percentage losses incurred by options writers during a weekly series and then paid in the protocol’s rebate token rDPX.
Option pool participants receive a percentage of rPDX relative to their value of losses. Using this rebate system, options writers benefit from a higher return than they would have from hedging strategies.
Should I buy it today?
Dopex shows promise, but it’s a relatively new asset. Exercise caution and study the market before making a commitment.
DPX price prediction
According to Tech News Leader, Dopex will go from its current price of $1,941 to $3,288 in 1 year. It will trade for $10,182 in 5 and for $69,214 in 10 years.
Dopex on social media
Market Cap: $316,197,242 / TVL: $55 million / Staked Value: $301 million
Unlike Ribbon, Dopex is both a marketplace and structure product platform (2 in 1).
— Micah (@micahspruill) February 8, 2022