Dopex Rebate Token

Dopex Rebate Token Token Live price data
The live price of Dopex Rebate Token Token today is 14.730297294355930049 USD. $rdpx It is up 1,77% from the last trading day! We update our USD to rdpx every 10 minutes!

Dopex Rebate Token Has a Market Cap of 33,143,169 USD and is up 1,77% in the last 24H!

What Is Dopex Rebate Token (rdpx)?
rDPX is the Dopex protocol rebate token. It is a token minted and distributed for any losses incurred by pool participants. The amount of tokens minted are determined based on the net value of losses incurred at the end of a pool’s epoch. A percentage of the losses, which is determined by governance, is minted for all pool participants after the epoch has ended.

rDPX while having a no cap supply – has mechanisms in-place to avoid it from being valueless while also providing intrinsic value to the token.

1. rDPX would be a fee requirement for future app layer additions to Dopex such as vaults.
2. Dopex would support rDPX as collateral to borrow funds from Margin to leverage option positions.
3. rDPX would be usable as collateral to mint synthetic assets, commodities etc. which could further be used to create options for synthetic non-crypto assets.
4. Fee accrual can be boosted via staking rDPX.

What Is Dopex Rebate Token (rdpx) contract address??
The contract address for the Dopex Rebate Token is 0x0ff5a8451a839f5f0bb3562689d9a44089738d11 and it can be found on eth network.