February 17, 2022
Introducing SSOV-p - Single Staking Put Option VaultsSSOV
🎉 Dopex is proud to announce the launch of the SSOV-P - Single Staking Put Option Vaults
💰 In the initial batch, SSOV-p will be launched on Arbitrum, for the following tokens:
ℹ️ The vaults will work as follows:
- Option writers will be able to deposit their stablecoins in the Vault
- The stablecoin collateral required will be equal to the chosen strike price x amount of underlying tokens
- SSOV will place the stablecoins in the Curve 2pool on Arbitrum and stake in the gauge to earn Curve transaction fees and CRV rewards
- Option writers will write put options to buyers at fixed strikes that they select for end-of-month expiries
- At the expiry, the users will claim back their deposits in the form of 2pool tokens
⏰ Deposits are open NOW and will close Friday 4pm UTC.
The SSOV-p Epoch will run from the time deposits close until 8:00 am UTC 25 February 2022.
Before we open deposits, we will notify users via Discord and Twitter. Put purchasing will begin immediately after the deposit period ends.
Note: The deposits will be open only for a few days, afterwards the trading will commence
- Underlying collateral: Curve 2pool (USDC and USDT)
Put Option Pricing Details:
- ETH and BTC put options will use Implied Volatility parameters (IVs) based on the aggregated levels from secondary option markets
- rDPX, gOHM and GMX put options will use 30-day Realized Volatility (30d RV) based on the moving historical data
What is SSOV?
Similar to single staking vaults, SSOV allows users to lock up tokens for a specified period of time and earn yield on their staked assets. Users will be able to deposit assets into a contract which then sells your deposits as put options to buyers at fixed strikes that they select for end-of-month expiries. SSOV options are either at the money, out of the money, or far out of the money.
If you are not familiar with SSOV concepts, read these articles first:
Arbiscan explorer link:
To learn more about Curve:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that exchanges are not responsible for your trading losses.
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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