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Transitioning from rDPX
As we prep for a full-fledged Stryke launch, we are advancing with our Token unification plans. Effective immediately the following changes regarding rDPX will be reflected:
- rDPX Bonding/Delegation bonding will be disabled.
- Bond redemption and rtETH redemption will remain open indefinitely. This means you can redeem your rDPX bonds and rtETH as you prep to merge your rDPX.
- Redemption fee will be set to 0.01% in order to facilitate user redemption.
- STIP rewards for rDPX products have been stopped except for rDPX single staking for which rewards will continue until the 31st of march.
Perpetual Put vaults have deposits have been disabled. Users can redeem their Perp Put Deposits through the following steps:
- Queue redeem request
- Wait till 8 AM UTC 1/3/2024 (and every 4 hours from then on. This is modified from the original 7 days) to redeem LP
- Redeem button will appear and user can redeem
As we transition from rDPX towards realizing our vision for Stryke, we encourage users to:
- Redeem all rtETH bond/delegate bonds
- Redeem all rtETH
- Withdraw from delegate pools
- Withdraw Perp Put Liquidity
- Withdraw any rtETH/ETH LP from curve
Note: As mentioned in the Dopex to Stryke migration announcement, rDPX & DPX tokens will be converted to SYK tokens.
More info regarding the token unification can be found here: Introducing Stryke: The Future of Crypto Options
No user action is required at this time.
Announcements regarding token migration will be shared by our team soon. Follow our official channels for updates.
About Stryke
Stryke is a decentralised options protocol that focuses on maximising liquidity and enhancing gains for option buyers while minimising losses for option writers—all in a passive approach.
Stryke employs option pools that enable anyone to effortlessly earn yield. The protocol provides value to both option sellers and buyers by ensuring equitable and optimised prices for options at various strike prices and expiries, achieved through our proprietary, cutting-edge option pricing model designed to mirror volatility smiles.
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