Dopex v2 transition- v1 Product Sunsetting

The day I graduated high school, I took one last meander through those dilapidated buildings that both tormented me and forged me during those now so distant years.

The math classroom I learned of the so-called “high pot in use”.

The playground where I absolutely rawdogged any competitor that dared challenge me in handball.

The food tech sink where I maintained my supple hands after cooking a succulent Chinese meal.

As I type away from my corner office, it is easy to forget that these were the experiences that made me the man I am today.

Forged through suffering, through hardship, through tribulations - without high school, would I have become the CEO of the world’s finest institution that you all know and love?

Today it is Dopex’s turn to prepare for our graduation from Dopex v1 to the capital efficient, flexible, and composable Dopex v2.

WIth this transition, we bid farewell to the products we know and love but bring the lessons they have taught us in building the next era of the Number 1. Decentralized Options Exchange.

TL;DR

Dopex v1 product suite to be gradually sunset in preparation for Dopex v2
The first two products to be deprecated are ZDTE and Atlantic Insured Perps on 6 October 2023 - please withdraw funds as soon as possible
Most of these products will be reintroduced with Dopex v2 under a unified liquidity pool.

The End of an Era

What’s going on here?

In order to implement Dopex v2, this will require the sunsetting of the existing Dopex product suite. While they will be gone in their current iteration, the majority will be reintroduced with Dopex v2 (either at launch or in future upgrades) which uses a unified liquidity pool for all option products.

The first two products to be sunset are:

Zero Day to Expiry Options (ZDTE)
Atlantic Insured Perps

For those that have tested the CLAMM, you will notice that ZDTE trading is inherently possible with our new design - as such, while gone in its current form it remains accessible with Dopex v2 at launch.

What do I need to do?

ZDTEs and Atlantic Insured Perps will be sunset on 6 October 2023 and their vaults will no longer be maintained.

We recommend that users that have deposited in these products to withdraw their funds as soon as possible.

If you are unable to withdraw in a timely manner, please contact moderators on the Dopex Discord who will be available to assist.

Onwards and Upwards

Leaving nostalgia aside, the sunsetting of ZDTE and Atlantic Insured Perps marks the beginning of the introduction of Dopex v2. For those unfamiliar, this is a complete overhaul of our existing liquidity provision system that intends to drive deeper liquidity and create a more efficient trader experience.

Stay tuned for future updates.

Warm regards,

CEO

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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