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About rDPX v2
We managed to release before old mate finished Game of Thrones
If you think you have an above average-sized brain, refer to the rDPX v2 System Specification.
rDPX v2 allows $rDPX holders to bond with $ETH in exchange for $rtETH, a yield-bearing synthetic derivative of $ETH.
The system exists for three reasons:
- For $rDPX holders, it provides utility for their long-forgotten token.
- For Dopex users, it creates a secondary incentive system for using the protocol
- For Dopex, it bootstraps PoL while being used to drive liquidity.
The parties that can get involved with rDPX v2 can be summarised as follows:
Party | Feature | Outcome | Why would I do this? |
$rDPX and $ETH | Standard Bonding | Receive $rtETH (and its yield) | I like yield and I don’t mind holding synthetic $ETH |
$rDPX only | Delegate Bonding | Receive $rtETH (and its yield) | I do not have $ETH but I like yield and I don’t mind holding synthetic $ETH |
$ETH only | Delegate Bonding | Receive $rtETH (and its yield) | I do not have $rDPX but I like yield and I don’t mind holding synthetic $ETH |
$ETH only | Perpetual Put Vault | Receive yield (and don’t mind purchasing $rDPX if its price falls) | I like yield and I don’t mind holding $rDPX |
LP | Rebates* | Receives dbrDPX for losses | I get dbrDPX I can used to bond |
*note that rebates are not yet live
Please feel free to peruse the following articles that explore the v2 mechanics in /relatively/ simply terms!
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