Dopex Rebate Token

rDPXCopy token address/WETH

#4
Price USD
$21.11
Price
0.01004 WETH
Liquidity
$2.1M
FDV
$45.9M
Mkt Cap
$28.7M
5M0%
1H0.43%
6H1.94%
24H28.53%
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Txns54
Volume$157K
Makers
48
Buys38
Sells16
Buy Vol$138K
Sell Vol$18K
Buyers33
Sellers16
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Pooled rDPX59,312$1.2M
Pooled WETH441.11$927K
Pair
LPsEXP
rDPX
HLDEXP
WETH
HLDEXP
Go+ Security
2 issues
Token Sniffer
In progress
rDPX
Dopex Rebate Token

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.