DOPEX DIAMOND PEPE NFT COLLECTION MINT

TLDR;

Launch Date: 2:22 AM UTC, 22/2/22
Mint Price: “Lossless” yield mint*
Items: 2222 NFTs
Mint duration: 2.22 Days or Deposit Cap ($22,222,222 $rDPX LP)
Lossless: Lock for 2 weeks & receive your LP tokens back
Zap in with any asset!
On Arbitrum

What?

2222 unique Diamond Pepe NFTs up for grabs. Free mint passes by staking LP tokens. Zap in with any asset!Created by Dopex’ meme master @Dpx_RaE.

We will be using a yield mint process for the Diamond Pepe NFT mint - similar to the one introduced by our frens over at Mithical.****This novel mint process allows for a “lossless” mint, by locking rDPX/WETH LP Tokens for 2 weeks and using the estimated accrued yield to mint a proportional amount of Diamond Pepes NFTs.

Your Diamond Pepes will be minted instantly after the deposit phase of 2.22 days is over or the cap limit of $22,222,222 is reached, and after 2 weeks you will receive your LP tokens back (hence “lossless”)!

Another NFT collection? What about mUh uTiLitY?

The big brains at Dopex’s secret research facility sat down and managed to come up with some interesting utility for this collection:

All NFTs can be locked + pledged to burn to vote post-launch (soon)
Vote is to trigger new collection mints
33% of supply needs to be pledged to trigger new collection
Every NFT pledged gives a free slot in the next collection with a 12.5% increase in chance to get a rare trait
Up to 4 NFTs can be pledged for one NFT in the next mint to receive a collective rare trait chance boost up to 50%

The idea is that this will make all floors have an intrinsic value (in the form of rare trait boosts) by introducing a game theoretical approach to weed out floors and only leave behind valuable NFTs.

How?

Users deposit rDPX/WETH LPs into the mint pool. After the deposit period ends, a price for the NFT is decided based on the total amount of the deposits. Max price for the NFTs is capped at $10,000 (thus the minimum $rDPX LP for a guaranteed mint).

There will be a total of 2222 NFTs to be yield minted
Max LP deposit cap is $22,222,222 $rDPX LP
"lossless" lock for 2 weeks & receive your LP tokens back
All NFTs can be locked + pledged to burn to vote sometime post-launch

Mint page: https://app.dopex.io/nfts/diamondpepes

NFT contract address: 0xede855ceD3e5A59Aaa267aBdDdB0dB21CCFE5072

Mint contract address: 0xcAD9297f00487a88Afa120Bf9F4823B52AE388b0

Zap function

Zap into the Diamond Pepe NFT mint with any of the assets pictured below and withdraw $rDPX LP after the 2 week yield mint period ends.

How it works:

You open the deposit dialog (https://app.dopex.io/nfts/diamondpepes)
Click the zap in button.
Select ETH or any other token in the image below on Arbitrum.
The best path will be computed using 1inch, user can see slippage/liquidity pools used. The goal of the zap in is to get ETH from any of the below token.
A txn is submitted to our custom Diamond Pepe NFT 1inch router, user gets ETH.
ETH is deposited (and swapped to rDPX-ETH LP).

If you have any other questions feel free to join our Discord (Discord.gg/dopex) and post your question in the #💎-diamond-pepes channel.

We’ll see you on 22/2/22 anon!

About Dopex

Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers — all in a passive manner. Dopex uses option pools to allow anyone to earn a yield passively. Offering value to both option sellers and buyers by ensuring fair and optimized option prices across all strike prices and expiries. This is thanks to our own innovative and state-of-the-art option pricing model that replicates volatility smiles.

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