DeFi & Options
rDPX v2: Using rtETH
Good mnueenis my beloved readers and welcome to CEO’s overview on what you can do with $rtETH.
If you do not know how to get $rtETH, refer to our Bonding for $rtETH article here.
What do I do with $rtETH?
Assuming you have bonded and now hold $rtETH, you are probably wondering what the devil do you do with it.
Well, my dear, reader, let the CEO hold your soft supple hands and explain the needful.
$rtETH may be staked on Dopex to earn a share of fees from the $rDPX Backing Treasury.
Sources of revenue include:
- $CVX and $CRV rewards from the dpxETH/ETH Curve Pool.
- Yield from staking of bonded $ETH on LSD protocols such as FraxFerry and Lido.
- Protocol revenue from the AMO, PSM, and trading fees.
Bla bla bla. Bla bla bla.
Important thing is that you simply:
Stake $rtETH. Earn yield.
For the more active users, you may prefer to pair your $rtETH with $ETH in the rtETH/ETH liquidity pool.
The pool is currently incentivized with 5 $DPX/day and can be accessed here.
Note: This is pending Options AMM being live with Dopex v2 and sufficient $rtETH underlying liquidity
Dopex v2 introduces a cross-collateral portfolio margin system that allows users to deposit any token to trade options. This means $rtETH holders will also be able to trade against their $rtETH!
Best of all, your deposited $rtETH will remain staked which means you can continue to earn yield against your margin.
If you do not like yield, options, or being a cool person, there is one final option for you.
$rtETH holders may redeem it against the rDPX Treasury for the underlying $ETH and $rDPX (based on the current rDPX/ETH ratio).
The redemption fee is set to 2%, although may be adjusted based on user behaviour.
One widdle token.
Multiple possible use cases.
Note that the above is simply a fraction of the potential use cases for this interesting yield-bearing $ETH derivative. As $rtETH becomes battle-tested and supply scales, we intend to expand integrations with other DeFi protocols.
Until next time, my beloved readers.
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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