Rank #505

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Whitepaper :
Domain Age : Registered over 4 years ago

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  • 30 days


  • ATH


Dopex Ratings Score

Last score update : 25 minutes ago

Dopex Price live today

Dopex (DPX) is currently trading at 145.12 USD and with a circulating supply of 255,878 DPX.
Its market capitalization is 37,136,187 USD.
DPX price has moved -1.14% in the last 24 hours, with 131,053 USD worth of DPX traded on various exchanges.
Dopex currently ranks #505 in cryptocurrency rankings based on market capitalization.

About Dopex (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.