April 29, 2023
Introducing: ARB SSOVProduct
Ah yes. What a beautiful day to be the CEO of the finest institutions within the so-called "Cryptographic Currency" space.
On this fine day, Dopex Pty Ltd. is excited to announce the release of our ARB monthly SSOV, our very first product to receive a share of our big boy $ARB airdrop. This will allow users to deposit $ARB to write calls which can be purchased by our extremely talented group of volatility traders (i.e. probably not you).
🎞How does the ARB SSOV work?
- Liquidity providers (Writers) select a strike price and deposit $ARB for the duration of the month
- $ARB will be used to write covered calls at the writer's selected strike price
- Writers will earn premiums as well as a share in 15k $ARB incentives over the month
- Options buyers may pay premiums to purchase $ARB call options from the SSOV
- At settlement, if the option is ITM, the option writer's deposit will be slashed to pay option buyers
Rewards for the vault will be as follows
>15k $ARB per month<
🎭 Write or Purchase ARB Call Options now!
The ARB SSOV shall be launching POST-HASTE. Please be aware that options trading is not a risk-free endeavour and we highly recommend all prospective option aficionados to do some proverbial "due diligence" to make yourselves aware of the risks.
If you are unfamiliar with how our SSOVs function, please refer to the following articles:
ARB SSOV Details
- Underlying/Collateral Token: ARB
- $ARB Token Contract: 0x912ce59144191c1204e64559fe8253a0e49e6548
- Oracle Used: ARB/USD Chainlink Oracle
- Epoch Length: Monthly
- Link: ARB Monthly Call SSOV
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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Thanks for your support!
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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