If your liquidity is unutilized on Dopex, it will remain in its original AMM. This means there is no opportunity cost relative to normal v3 LPing as your unutilized liquidity remains eligible for standard trading fees!

When your liquidity is utilized by Dopex, it is withdrawn from its original AMM and reserved and you earn a premium paid by option traders. Any impermanent loss you incur is simply given to the option purchaser - once again, this means there is no opportunity cost relative to normal v3 LPing.

There are four big points on CLAMMs for LPs

The CLAMM offers a significantly wider range of strikes as we can use any tick as the strike price.

This gives traders much more flexibility on prices they want to hedge or speculate on.

Gone are the days of weeklies and monthlies bootstrapped and expired manually by our beloved Dark King.

Enjoy expiries from 20m to 24 hours on any of your favourite tokens.

“Oh wow, great, my options are printing!”

nek minit

“Oh bollocks, they have expired worthless. Many such cases.

The CLAMM introduces American-style options, meaning the above scenario is now no fault of our design but a fault of your own - you will now be able to close your positons at any time before expiry!

Other than being a synthetic version of $ETH that is intended to track its price, $rtETH has a number of utilities for our beloved readers.

Stake your $rtETH on Dopex to earn yield from the v2 Treasury’s underlying tokens - that’s the tokens that you originally bonded in with.

You will also be eligible for additional rewards including a share of 3k $DPX/year and a share of 675,000 $ARB during the STIP period.

An rtETH/ETH liquidity pool will be created on Camelot which will be incentivized with 10 $DPX/day.

This will allow $rtETH holders to exit their positions at any time or LP to earn yield.

You faded $rDPX and yet still think that you have a chance at redemption? Sure, go ahead.

$rtETH may be redeemed for 75% $ETH and 25% $rDPX from the v2 Treasury. The amount of $rDPX to be returned is based on the rDPX/ETH ratio at the time of redemption.

Note that there is a variable redemption fee initially set at 3%.

If you are an $ETH holder, you can also deposit into our $ETH Strategy Vault which runs on monthly epochs.

The $ETH strategy vault is the other arm of rDPX v2 that allows users to deposit $ETH to earn multiple layers of yield from:

In the event $rDPX falls by more than 25% from its price at the start of an epoch, your $ETH may be swapped into $rDPX - perfect for users wanting to accumulate $rDPX for more bonding.

225,000 $ARB has been allocated to Strategy Vault depositors during the STIP.

Users may queue for withdrawal provided there is sufficient liquidity in the Strategy Vault to support one quarter of $rtETH supply.

Is this where the so-called “buck” stops? Nay, reader, there is a world of growth available to your favourite blue coin.

Dopex v2 has a portfolio margin system with cross-collateral support, allowing you to use $rtETH to buy or sell options (on leverage too if you so desire). $rtETH collateral will remain staked allowing you to continue earning yield on your margin.

Wen? Soon.

Of course, this is only the tip of the integrations of $rtETH - as supply grows, we intend to integrate with any and all protocols.

The $rDPX vision was to act as a rebate system for Dopex LPs with sustainable utility.

We have the sustainability. Now give us the rebates.

We will soon be introducing Decaying Bondable $rDPX as a compensation mechanism for Dopex LPs, allowing our option writers to offset their costs by subsidising new $rtETH minting - something never before seen in the DeFi options space.

Wen? Also soon.