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Dopex Rebate

Dopex Rebate
1 RDPX =
 $ 46.44
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Market Capitalization:
63.05M $
Circulating supply:
1.35M RDPX
Maximum:
2.10M RDPX
Volume (24h):
925.09K $
Daily range:
45.35 - 50.51
Changes (7d):
+21.5%

Cryptocurrency Dopex Rebate (RDPX)

The price for Dopex Rebate (RDPX) cryptocurrency is currently 46.44 $ (15 min delay), daily range of currency change is 45.35 - 50.51 .
Last 24 hours news: trading volume - 925.09K $, price variance -2.12% .
The highest trading volume belongs to the pair 0X32EB7902D4134BF98A28B963D26DE779AF92A212/0X82AF49447D8A07E3BD95BD0D56F35241523FBAB1 at the Camelot V3 exchange

Project Website - https://dopex.io
Explorer of transactions - https://etherscan.io/token/0x0ff5a8451a839f5f0bb3562689d9a44089738d11
Twitter Account - https://twitter.com/dopex_io

Chart Dopex Rebate (RDPX)

Current price Dopex Rebate (rdpx) 46.44 $
Market Capitalization 3.57M $
Trading Volume last 24h 18.35 $
Market cap rank № 2630
Absolute maximum 315.58 $
Absolute minimum 1.25 $

Dopex Rebate Quotes

#
Exchange
Pair
Price
Spread
Volume
Last traded
1
2.44 $
2.44$
0.6% 9.82 $ 2024-12-22 20:28:26
2
2.47 $
2.47$
0.76% 14.68 $ 2024-12-19 19:46:25

What is Dopex Rebate (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.

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