December 22, 2021


gOHM Single-Staking Option Vaults

SSOV
cover

Weโ€™re happy to announce that gOHM SSOV, in partnership withย Olympus DAO, is live!

This article will briefly give you a rundown of how to navigate bridge your gOHM to Arbitrum network and how to interact with SSOV. If you are not yet familiar with SSOV (what it is & how it works), make sure to read the following article:ย https://blog.dopex.io/dpx-single-staking-option-vaults-2b2dbda540f9

**Key To Note
**โฐ Deposits for the gOHM SSOV epoch (ending December 31st) are open NOW and will close on Friday 24th Dec at 8 am UTC.

There is no deposit cap (soft limit)!

The predetermined fixed strikes for the first epoch will be:

$20,000
$27,500
$35,000
$40,000

๐Ÿ“Œ Frequently Asked Questions on gOHM:

What is gOHM?

Governance OHM is a wrapped, staked OHM, set-up for on-chain governance โ€” you can trade it on Arbitrum or bridge directly from Ethereum L1 using the Synapse bridge:ย https://synapseprotocol.com/?inputCurrency=gOHM&outputCurrency=gOHM&outputChain=43114

Where can I wrap my OHM to gOHM?

Here:ย https://app.olympusdao.finance/#/wrap

What is gOHMโ€™s price?

Price of gOHM = price of OHM x Index

What is Index?

Index shows how much Ohm rebased since the genesis โ€” you can check it here:ย https://app.olympusdao.finance/#/stake

What are gOHM call options?

gOHM call options โ€” allow buyers to bet that gOHM will outperform the market expectations implied by the pricing by:

  • OHM price outperforming
  • Index outperforming
  • Or both

And what do I do if I write gOHM call options?

You bet that gOHM will underperform the market expectations implied by the pricing by:

  • OHM price underperforming
  • Index underperforming
  • Or both

๐Ÿ“Œ Accessing SSOV

Navigate to:

https://app.dopex.io/ssov/manage/gOHM

Make sure you are connected to Arbitrum Mainnet (instructions on how to add Arbitrum mainnet to your browser wallet can be found here:ย https://medium.com/stakingbits/guide-to-arbitrum-and-setting-up-metamask-for-arbitrum-543e513cdd8b)

๐Ÿ“Œ Depositing

Next, you need to navigate to the โ€œVaultโ€ page choose the gOHM vault, and select deposit.

This will take you to a new page where you can manage your vault.

On this page, you will be able to select strike prices, deposit, and withdraw.

๐Ÿ“Œ Selecting strikes

At the beginning of each epoch, there will be fixed strikes that users will be able to select strikes for.

Once you select the strike/strikes you want, enter the value of (in this case) gOHM you would like to deposit for each (if you have selected more than one).

Once you have done this you will have to approve your tokens for spending by signing the transaction in your wallet and then you can proceed to select deposit and again sign the transaction in your wallet.

Once your transactions have been approved, you have successfully deposited them into the vault and you will be able to manage your deposits.

๐Ÿ“Œ Exercising your options

There is an exciting change to the exercise procedure โ€” complete removal of the exercise window.

All options are auto exercised on expiry by default and can be settled any time after expiry at your convenience.

gOHM SSOV Contracts

๐Ÿ“ gOHM CustomPriceOracle:
https://arbiscan.io/address/0x5f5870C7364AE87643747B06a0Ca7fdE200147d4
๐Ÿ“ gOHM SSOV:ย https://arbiscan.io/address/0x89836d5F178141AAF013412b12aBD754802d2318
๐Ÿ“ gOHM VolatilityOracle:
https://arbiscan.io/address/0xbf91446115f3E3eaF5079A88E078F876C0d7A6A8

About Dopex

Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers โ€” 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.

๐Ÿ“ฑ Stay Connected

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