
Walkthrough
1. Head over to the Dopex application: https://app.dopex.io/
2. Make sure you are connected to the Polygon network. Connect by selecting the polygon network from the Change Network option next to your wallet button

3. Once connected, you can see all Dopex offerings in the top Menu ranging from Portfolio to Atlantics

4. Head on over to the Straddles page by clicking on the Straddles menu

5. Here you will find all Dopex Straddle offerings. Click on the Manage button for Matic Straddle

6. You are now on the Matic Straddle page
7. Let’s take a look at the information displayed
a. Epoch: To see which epoch you are currently on. Use this list to navigate to old epochs
b. Funding%: The rate at which funds will be borrowed
c. Total Liquidity: Current available liquidity
d. Annualized Premium: Rewards for depositors
e. Utilization: Amount of deposits which have been brought by straddle buyers
f. Epoch Length: Number of days in which the current epoch will end
g. Implied Volatility: Implied volatility of the option which will be purchased for straddles
h. Premiums: Total premium generated by Purchases for Depositors
8. Let’s take a look at the sections displayed
a. Deposits: Lists all your deposits with various information. It displays the amount you deposited for which epoch and how much rewards it has accumulated.

b. Positions: Lists all the Straddles you brought with various information. It displays the number of straddles you brought at what strike price(spot price at the moment of purchase). It will also display your loss and profit and the epoch in which the straddles were brought
Deposit for Matic Straddles (Write puts)
1. Make sure your wallet is connected, and the Polygon network is selected
2. On the right side of the Straddles page, you will see a section to perform Deposit and Purchase
3. Select Deposit
4. Enter the amount of USDC you want to deposit
5. Turn Rollover on if you want your deposit to be carried forward to the next epoch in order to continue writing straddles for new purchasers. Turn it off if you do not want your deposits to be carried forward.
6. Hit the Deposit button and Accept the transaction in your wallet. If you are making the deposit for the first time - you will be asked to approve the token before you can make the deposit. Both Approve and Deposit actions need gas for the transaction.
7. Just so you know, you are not required to choose a strike price when depositing for Straddles since they are always written with the current spot price. This means the strike price will be taken as the spot price of Matic at the time the straddle is purchased.
8. After the transaction completes, you can see your deposits in the Deposits section as mentioned in point 8 a. of the walkthrough
Withdraw deposits from Matic Straddles
1. Make sure your wallet is connected and the Polygon network is selected
2. For each of your deposits in the Deposit section, you can see the Withdraw button under the Action title
3. Click on the Withdraw button

a. If rollover was enabled while making the deposit, you must disable the Automatic rollover first. You can disable Automatic rollover by clicking on the Disable button for Automatic rollover

b. Once disabled click on Withdraw and accept the transaction. This will automatically send funds to your address when the epoch expires.
c. If rollover was disabled while making the deposit - Click on withdraw and accept the transaction. This will automatically send funds to your address when the epoch expires.
Purchasing Matic Straddles
1. Make sure your wallet is connected, and the Polygon network is selected
2. On the right side of the Straddles page, you will see a section to perform Deposit and Purchase
3. Select Purchase

4. Every “Straddle” purchase amounts to 50% call and 50% put for a total purchase
5. Enter the amount of Straddle you want to purchase and click on the Purchase button
6. If you are Purchasing for the first time - you will be asked to approve the token before you can make the purchase. Both Approve and Purchase actions need gas for the transaction.
7. Note that you are always purchasing at the current spot price for Straddles thus why choosing a strike is not required. In other words, the strike price will be taken as the spot price of Matic at the time the straddle is purchased.
8. After the transaction completes, you can see your purchases in the Positions section as mentioned in point 8 b. of the walkthrough
Exercise Positions from Matic Straddles
1. Make sure your wallet is connected, and the Polygon network is selected
2. For each of your Purchases in the Position section, you can see the Exercise button under the Action title

3. Click on Withdraw button after the epoch ends and accept the transaction
Congratulations, you can now successfully and thoroughly navigate the Atlantic Straddles interface. For any other questions, you can always hop onto our Discord, and one of our team or community members will gladly help you out further: Discord.gg/dopex.
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📃 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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