Market Cap: $1 613 224 898 870 (2.68%)
  • Volume 24h: $102 671 773 465 (6.36%)
  • Market Cap Change 24h: 2.68%
  • BTC dominance: 44.71%

Dopex Rebate Token

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Dopex Rebate Token RDPX

  • USD: $3.96
    1h: 0.82% 24h: 4.35% 7d: 0%
  • BTC: 0.00013 BTC
All Time High: $4.21 3 years ago
Current price is -6 % from ATH
  • Cap: -
  • Vol 24h: $78 364
  • Total: 2 250 000 RDPX

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About 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.

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