Treasury Update - May 2023

Treasury Update - May 2023

TREASURY UPDATE - MAY 2023

“No, Luke, I am your father” Intriguing. Intriguing indeed. Welcome my dear readers to another beautiful Dopex Treasury Report for the month of May!

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:

Added

MM funds (total ~$601,701)

We have funds deployed to external MMs amounting to 1,718 $DPX, 56 $ETH and 237,321 $USDT.

Incredible.

LP Positions unlisted on Zapper

Our beloved Atlantic Straddles, Atlantic Perps, Option Scalps and 0dte (oh?) products are not yet integrated into Zapper but are a source of yield for our cheeky little treasury.

Atlantic Straddles

357,114 $USDC is deployed to Atlantic Straddles across $ETH, $DPX, and $rDPX for our straddle enjoyooors (spread across a number of transactions but trust me bro).

Atlantic Perp Protection

200,000 $USDC is still deployed to Atlantic Perp Protection for your insured leveraged long needs.

Option Scalps

25,170 $USDC and 62,901 $ARB (total ~$102,538) is deployed to Option Scalps for our short attention span nuggets.

0dtes

51,000 $USDC27 $ETH, and 75,000 $ARB (total ~$194,685) is deployed to 0dte for our lovers of a so-called “spread”.

Unclaimed Rewards

Unclaimed rewards amounting to 60,749 $ARB and 25,135 $USDC (total ~$99,856) is available for yoinking at the click of a proverbial button (visible on DeBank but not silly Zapper).

Source: Chain has been checked

Removed

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 May 2023 (Australia time of course).

image

It’s true. It’s all true. The CEO is now a budding accountant!

For a nice little pie chart of breakdown per asset, please see below:

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A riveting little summary!

MONTH-ON-MONTH (MOM) PERFORMANCE

10.79% drawdown in $USD terms for the Dopex Treasury?

Oh, bollocks.

Given a large proportion of the treasury is held in volatile assets, the last month has been, shall I say, not great. No matter, we shall keep our heads down and carry on.

CLOSING COMMENTS

Another splendid little insight into the financial affairs of Dopex Pty Ltd. for the month of May - incredible stuff.

Until next time, my budding accountants.

Warm regards,

CFO (not to be confused with CEO)

image

"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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