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About Dopex
Dopex is a decentralized options protocol on Arbitrum offering innovative options products. Its flagship products include Single Staking Option Vaults (SSOVs) and Atlantic Options with unique collateral mechanisms.
SSOVs let users earn yield by selling options at their chosen strike prices. Atlantic Options feature perpetual-style options that can use other DeFi positions as collateral.
Dopex has two tokens: DPX for governance and rDPX as a rebate token that accrues value from protocol fees. The protocol has pioneered several DeFi options innovations.
Key Features
SSOVs
Single Staking Option Vaults
Atlantic Options
Perpetual-style options
DPX & rDPX
Dual token model
Arbitrum Native
Fast, low-cost options
Custom Strikes
Choose your strike prices
Collateral Efficiency
Use DeFi positions as collateral
Use Cases
SSOV Deposits
Earn yield selling options
Options Buying
Purchase calls and puts
Atlantic Straddles
Trade perpetual options
DPX Staking
Governance and revenue share
GMX Integration
Options on GLP positions
Project Info
Frequently Asked Questions
Single Staking Option Vaults let you deposit assets and choose strike prices for selling options. You earn premiums when traders buy those options. It's like Ribbon vaults but with user-selected strikes instead of algorithmic selection.
Atlantic Options are perpetual-style options without fixed expiry. They have unique features like collateral sharing—your borrowed assets or LP positions can serve as option collateral, improving capital efficiency.
DPX is the main governance token for voting and staking. rDPX is a rebate token that accrues value from protocol fees and is used in various protocol mechanisms. Both tokens work together in Dopex's economic model.
Dopex offers Atlantic Options that can use GLP (GMX's liquidity token) as collateral. This lets GLP holders access leverage without selling their position. It's a capital-efficient way to trade options.
Dopex is audited but has complex, innovative products. The dual-token model and Atlantic options are novel with less battle-testing. Arbitrum-native with smart contract risk. Understand each product's specific risks before using.