DeFi & Options
THIS MONTH IN DOPEX - MARCH 2023
This March, Dopex was buzzing with several exciting events taking place. From new product launches, the ARB airdrop and a trading competition, the month was certainly packed with exciting developments for Dopex and its users.
In this article, we'll take a closer look at each of these events and explore what they mean for you.
So sit back, relax or grab a cup of coffee, and let's dive right in.
rDPX V2 Testnet Launch
In early March, Dopex launched the rDPX V2 testnet, which allowed users to try out the new product and provide us with valuable feedback on its user interface and smart contracts. As a result of the feedback we received, we are now preparing for the launch of rDPX V2, beginning with winding down rDPX emissions.
In addition to the launch of the rDPX V2 testnet, Dopex also released a new version of its documentation this month. The new documentation is a complete revamp of the previous one, making it easier and more enjoyable for users to read. For those new to Dopex, these documentations are a great starting point in understanding how to use our products to your advantage. You can visit the documentation page here.
ARB Airdrop to Dopex Treasury
In mid-March, an ARB airdrop took place, and Dopex ranked 5th among all DAOs with approximately 3.8 million ARB. This ranking is a testament to our team's hard work and dedication in building a robust and innovative options platform on Arbitrum.
We are extremely grateful to have the opportunity to actively participate in Arbitrum's governance system. As one of the earliest protocols in Arbitrum, we are constantly committed to contributing our expertise and resources to further support the ecosystem's growth and success.
For transparency, we will be receiving the ARB in this multi-sig wallet: 0x2fa6F21eCfE274f594F470c376f5BDd061E08a37
Option Scalps and Trading Competition
To end March, we released option scalps, which is a new product that allows users to use options to trade with leverage in shorter time frames. This innovative product is the first of its kind and is even cheaper than opening a long/short using decentralized perp exchanges.
If you want to try option scalps out, now is actually a great time to do so because of our trading competition. If you participate in the competition, you may just win part of our 50k prize pool! Should you choose to participate, take a couple of minutes to read the introduction blog and the full mechanics to the competition.
Now for some housekeeping…
Meme Contest Winners
After a long deliberation period, we are now ready to announce the winners of the meme contest.
- 1st place (1DPX + 1 Gen 1 DP): @0xMinistry
- 2nd place (5 rDPX + 1 Gen 1 DP): @_Everfrost_
- 3rd place (1 rDPX + 1 Gen 1 DP): @12yearoldwithak
- Consolation prize (1 Gen 1 DP): @crypto_nawwa, @flipwaan & @emonkwellstinky
Congratulations to all the winners! Check out there submissions here.
New Dopex Papers
We have a series of new Dopex papers written just for you
- rDPX V2 For the Mentally Challenged
- DPX Liquidity Farm Migration
- Introduction to Option Scalps
- Option Scalps Trading Competition
- Treasury Update - March
Here’s a compilation of AMAs we attended in March:
Wen wen wen, what’s next for Dopex?
We are working towards the launch of rDPX v2 and some new options products, so keep your eyes peeled and just vibe with our community.
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.
Follow our official social media accounts and visit our website to stay up to date with everything Dopex.
Be careful of fake Telegram groups, Discord servers and Twitter accounts trying to impersonate Dopex.
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