What is Dopex Rebate Token (RDPX)?

Dopex Rebate Token (RDPX) is one of the two native tokens of the Dopex Network, a DeFi platform that focuses on options trading with the aim to create an environment that benefits both option writers and buyers. Launched in 2021 on Ethereum, it has since expanded to other platforms such as Polygon, Arbitrum, BSC, and Avalanche. Defi Llama currently reports a total value locked of $27.91 million on the platform.

How Dopex Rebate Token (RDPX) Works

Dopex Rebate Token is a token that is distributed to compensate pool participants for any losses incurred. The number of tokens created is determined based on the net value of losses incurred by option writers. A certain percentage of the losses, as determined by governance, is minted for all option writers.

Initially, RDPX may experience scarcity if buyers are not profitable, as there is no set emission curve. However, the emission mechanism can be altered in the future through governance votes.

To mitigate the risk to option writers from losses incurred during periods of high volatility, Dopex offers rDPX rebates through various mechanisms. These rebates make it an attractive passive source of income for entities, especially when compared to option writing in traditional markets. Rebates also help offset disproportional losses that may occur due to tail risk events.

How Many Dopex Rebate Token (RDPX) Tokens Are in Circulation?

The total supply of RDPX is 2,250,000 and the circulating supply is 1,351,057.

How to Buy Dopex Rebate Token (RDPX)

Consider investing in Dopex Rebate Token (RDPX)? It only takes 2 minutes to create an account on Bitget and start trading RDPX. 

Check out the available RDPX trading pairs on Bitget!

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Dopex Rebate Token (RDPX) Resources

Official Website

Official Documents