August 21, 2022
Introducing: rDPX Atlantic StraddlesProduct
Atlantic Straddles for rDPX are here!
Users can now participate in our latest Atlantic innovation, “Atlantic Straddles,” with rDPX as the underlying vault asset.
With this release, Users can now provide liquidity to the rDPX Atlantic Straddle pool or purchase “rDPX Straddles” by depositing USDC.
- By providing liquidity you are: Selling an rDPX ATM Put.
- By purchasing an “Atlantic Straddle” you are: Purchasing an rDPX ATM Put and borrowing 50% of its collateral to swap it for rDPX, creating a “Straddle” like strategy.
If you are not yet familiar with Atlantic Straddles and are interested in learning more, we highly suggest the following articles!
🚨 KEY NOTES
- Deposits for the first epoch are open and will last until tomorrow at 12PM UTC
- There is NO deposit limit.
- Once the epoch starts and deposits end, all further deposits will be registered for the next epoch.
- Proceeding the first epoch, epochs will automatically roll over after the expiry of the previous one.
- Depositors will have their funds rolled over into the next epoch unless the User manually cancels it.
There you go anon. Dopex once again ships on demand and is keen to keep being at the forefront of DeFi innovation. As our product line keeps expanding, so do our ambitions. With that said we wish you all the best of luck in your endeavors and a cheerful rest of the weekend! ✌️
If you have any other questions you can always hop onto our Discord and one of our team members or community can help you further: Discord.gg/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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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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