24h Vol | $10.73 |
---|---|
Liquidity | $252.12K |
Holders | 265.8K |
Age | 3 years |
FDV | $1.89M |
Market Cap | $1.89M |
About Dopex Governance Token (DPX)
Dopex (Decentralized Options Exchange) is a decentralized options protocol that aims to maximize liquidity and minimize losses for option writers while maximizing gains for option buyers. This is done in a passive manner for liquidity-contributing participants. DPX is the limited supply governance token for the Dopex protocol and is used to vote on protocol and app level proposals. Apart from being a vanilla governance token, DPX also accrues fees and revenue from pools, vaults and wrappers built over the Dopex protocol after every global epoch. Dopex makes use of unique option pricing model that is calculated on-chain based on the Black-Scholes formula — using implied volatility and asset prices retrieved via Chainlink adapters — and passed through a function to determine volatility smiles based on the realized volatility of the asset. This model ensures pricing that is fair and efficient platform flow. Dopex provides solutions to low liquidity, unfair pricing, lack of composability, lack of user adoption, and unfair arbitrage opportunities during times of high volatility — all without compromising the buyer and seller experience.
DPX/WETH Price Stats
The current price of DPX (DPX/WETH) on SushiSwap (Arbitrum) is $3.9943, the price is up 0.11% in the last 24 hours. Its 24-hour trading volume is reported to be at $10.73 with a total of 2 transactions. DPX/WETH contract address is 0x0c1cf6883efa1b496b01f654e247b9b419873054, with a Fully Diluted Valuation (FDV) of $1.89M and a liquidity pool of $252.12K.