TREASURY UPDATE - OCTOBER 2023
Well, well, well…
What could we possible have here? A contract upgrade for the rebate token of your favourite Decentralized Options Exchange?
I must wonder what the so-called “significance” of this may be…
On to the October treasury report!
This report is based on Dopex’s protocol-owned wallets which can be found at the following addresses:
These have been masterfully compiled in this Zapper profile here for your ease of perusal.
As per usual, some funds have been added or omitted from the protocol balances for the following reasons:
MM funds (total ~$286,800)
We have funds deployed to external MMs amounting to 592 $DPX, 19 $ETH and 193,362 $USDT.
LP Positions unlisted on Zapper (total ~21,600)
As usual some of our beloved Dopex LP positions are not yet listed on Zapper
but are a source of yield for our cheeky little treasury. You will note that there is only a single entry here as our other products have been sunset in preparation for Dopex v2.
The treasury has 10,000 $ARB and 120 $DPX in the OLPs allowing our call-noisseurs (read: calls-as-incentives connoisseurs) to exit their reward positions at any time.
Various dust amounts from our vlCVX rewards have been omitted since we have plenty of money and this is what we call “immaterial”.
See attached for account balance as at 31 October 2023 (Australia time of course).
Holy shit. Could we possibly be in the green, gentlemen?
Now a little pie chart for a per-asset breakdown:
Month-on-Month (MoM) Performance
Boys. Drop whatever you are doing right now.
After months of down-only action, the Dopex Treasury has SUCCESSFULLY achieved a profitable month with a gain of 2.83%!
Now pretend you did not see the change in $ETH value haHA.
I must say that this is one of the GREATEST financial feats in recent human history.
Now enough about my exceptional treasury management skills.
Bring on v2.
Until next time, my budding accountants.
CFO (not to be confused with CEO)
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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