RDPX/WETH
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.
Score | |
|---|---|
24h Vol | $3.77 |
Liquidity | $126.4K |
Holders | 56.3K |
Audits | |
Age | 2 years |
FDV | $2.4M |
Market Cap | $1.6M |
| Addresses | |
|---|---|
| Pool | |
| RDPX |  |
| WETH | |
RDPX to WETH Converter
Score | |
|---|---|
24h Vol | $3.77 |
Liquidity | $126.4K |
Holders | 56.3K |
Audits | |
Age | 2 years |
FDV | $2.4M |
Market Cap | $1.6M |
About Dopex Rebate Token (RDPX)
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.
RDPX/WETH Price Stats
The current price of RDPX (RDPX/WETH) on Camelot V3 is $1.1392, the price is up 0% in the last 24 hours. Its 24-hour trading volume is reported to be at $3.7675 with a total of 1 transactions. RDPX/WETH contract address is 0x5dade916e66470ed5397bee7e2d1acc4d24caa94, with a Fully Diluted Valuation (FDV) of $2.41M and a liquidity pool of $126.37K.
