đź’ˇ What is DOPEX?!
Dopex is a decentralized options protocol that offers novel option products, including SSOVs, Atlantic Straddles, and Atlantic Insured GMX Perps. The platform's mission is to provide a passive way for liquidity contributors to maximize liquidity, minimize losses for option writers, and maximize gains for option buyers.
With our innovative options products, Dopex aims to revolutionize the options market and provide users with a more efficient and profitable trading experience.
What makes Dopex unique?
- Decentralized: Dopex's decentralized architecture allows for transparent, peer-to-peer option trading that is free from intermediaries. This provides users with a secure and efficient way to trade options without having to rely on centralized platforms.
- Innovative products: Dopex offers a full suite of option products (SSOVs, IROVs, and Atlantic Options) that have varying functions, which can benefit users in managing their portfolios.
- Fully Composable: Dopex is fully composable, which means that Dopex products are new DeFi primitives that can be integrated with other protocols and platforms to create synergy in the greater ecosystem.
đź“– You can visit their documentations page and The Dopex Knowledge Base for more information
đź’ˇ What is the DPX token?!
DPX serves as the exclusive governance token for the esteemed Dopex protocol, endowing token holders with the power to vote on a diverse range of proposals at both the protocol and application levels. However, DPX's utility far exceeds its governance role, as it also enables its holders to earn a share of the fees and revenue generated by various pools, vaults, and wrappers built atop the Dopex protocol. In essence, DPX stands as a multifaceted asset, offering a combination of governance rights and economic benefits to its holders.
đź“– Read more here.
đź’°How to buy $DPX on SushiSwap:
- Get the Metamask (or any other wallet of your choice) wallet browser extension at https://metamask.io/.
- Buy ETH at any fiat-token gateway, and send ETH to your Metamask.
- Head over to https://bridge.arbitrum.io/?l2ChainId=42161 to bridge your ETH from Mainnet to Arbitrum One
- If your Metamask doesn’t show Arbitrum One yet, head over to https://chainlist.xyz/ and connect your wallet.
- Head over to app.sushi.com/swap to swap from ETH to DPX
- Click on “swap” and confirm the transaction in your Metamask Wallet. You may also be asked to sign a Bentobox transaction if this is your first time to purchase $DPX with $ETH.
- Add $DPX token to Metamask by selecting import token and entering the $DPX Arbitrum contract: 0x6C2C06790b3E3E3c38e12Ee22F8183b37a13EE55
- You should see your tokens in your wallet now!
đź’¸ Bonus: Learn how you can earn a portion of the trading fees by becoming a Liquidity Provider in this tutorial.
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