September 1, 2023

Treasury Update - August 2023

poverty /ˈpɒvəti/
1. the state of being extremely poor.
"thousands of families are living in abject poverty"
2. the state of being inferior in quality or insufficient in amount.
"the poverty of her imagination"
Wow. Isn't the English language beautiful?

Treasury Wallets

This report is based on Dopex’s protocol-owned wallets which can be found at the following addresses:
●     0x04e38cdc3559fe6d91291cf4084d16340e4b585f
●     0x7d6fadb02e70bfb6325cfd6ec5605e552115aa76
●     0xb8689b7910954bf73431f63482d7dd155537ea7e
●     0x2fa6f21ecfe274f594f470c376f5bdd061e08a37
●     0x738ee36d7b860cefff526553e28a2b8928de4483
●     0x0a95222b5ed8690a0279993e63903687536ccecd
These have been masterfully compiled in this Zapper profile here for your ease of perusal.
As per usual, some funds have been added or omitted from the protocol balances for the following reasons:


MM funds (total ~$403,239)
We have funds deployed to external MMs amounting to 1,807 $DPX, 78 $ETH and 137,207 $USDT.
LP Positions unlisted on Zapper (total ~$1,084,437)
As usual some of our beloved Dopex LP positions are not yet listed on Zapper but are a source of yield for our cheeky little treasury.
Atlantic Straddles
445,983 $USDC is deployed to Atlantic Straddles across $ETH, $DPX, and $rDPX for our straddle enjoyooors.
Atlantic Perp Protection
200,000 $USDC is still deployed to Atlantic Perp Protection for your insured leveraged long needs.
Option Scalps
99,533 $USDC (multiple transactions) and 60,000 $ARB (total ~$154,733) is deployed to Option Scalps for our short attention span nuggets.
51,000 $USDC (multiple transactions), 27 $ETH, and 60,000 $ARB (total ~$150,750) is deployed to 0dte for our lovers of a so-called “spread”.
SSOV Rewards
120,000 $ARB ($110,400) has been allocated to rewards for our beloved $ARB monthly call depositooors.


Dust Amounts
Various dust amounts from our vlCVX rewards have been omitted since we have plenty of money and this is what we call “immaterial”.

Account Balances

See attached for account balance as at 31 August 2023 (Australia time of course).
customWow wow wow.
Now a little pie chart for a per-asset breakdown:
customHmm yes exactly as I, CFO of Dopex Pty Ltd., expected.

Month-on-Month (MoM) Performance

By Jupiter!
The majority of our drawdown comes from depreciation of $ARB with the rest of the so-called “market”. Additionally, we have paid a deposit to C4A for the outstanding community audit which should be returned quite soon indeed.

Closing Comments

Another month delving into the financial affairs of this glorious Company. Not the dandiest month but UP ONLY from here.
Until next time, my budding accountants.
Warm regards,
CFO (not to be confused with CEO)
custom"Mm yes mathamamdicks yes indeed how intriguing"

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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Dopex reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

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