DeFi & Options
rDPX v2: Bonding for rtETH
Good mnueenis my beloved readers and welcome to CEO’s overview on bonding for $rtETH.
If you are someone who wants $rtETH and holds:
- $rDPX and $ETH
- $rDPX only
- $ETH only
Then this is the correct article for you.
If you are interested in earning yield on $ETH, check out our Perpetual Put Vault article here.
We proceed people!
What is rtETH?
$rtETH is Dopex’s yield-bearing synthetic for $ETH which is minted via a bonding process that requires $rDPX and/or $ETH.
$rtETH can be staked on Dopex to earn yield from multiple sources including Convex, protocol revenue, and other rewards.
How do I bond?
Bonding occurs when a user (or users) bond 75% $ETH and 25% $rDPX to Dopex. Bonders will receive $rtETH with a bonding discount (if active) after a 1 day vesting period.
There are multiple pathways for bonding - feel free to skip ahead to the section relevant to you.
I have $rDPX and $ETH and want $rtETH
If you hold $rDPX and $ETH, you may bond directly for $rtETH.
I have $ETH only and want $rtETH
A Dopex user that does not have $rDPX? Preposterous.
No matter, you will be able to delegate your $ETH to take full advantage of the v2 system!
Deposit your $ETH in the delegate pool and select your delegate fee.
Your $ETH may be utilized by $rDPX only bonders to mint $rtETH. You will receive your share of the minted $rtETH as well as an additional share of the bonding discount based on your delegate fee.
You may withdraw your $ETH at any time if it has not been utilized.
I have $rDPX only and want $rtETH
In the $ETH only section you will notice that some users may choose to deposit $ETH in the delegate pool. As an $rDPX holder, you can use this pool to bond for $rtETH without providing $ETH yourself.
You will receive $rtETH corresponding to your share of total bonded value less a fee set by your chosen $ETH delegate.
I have dbrDPX and want $rtETH
NOTE: dbrDPX will not be available at launch - keep your eye on Dopex socials for a release date.
dbrDPX is decaying, bondable $rDPX which is earned to compensate writer losses on the Dopex platform.
It can be used to substitute for equivalent $rDPX during the bonding process.
Hopefully this has been an insightful journey into how one might get their clammy little hands on Dopex’s precious yield-bearing synthetic $rtETH buckarinos.
If you want to learn what you can do with $rtETH, check out our article here.
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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