- #4568
Dopex Rebate Token RDPX
RDPX Price
Market Cap
--Rank #4568FDV
$8.66 MRank #4290Investors
Twitter Followers
Twitter Performance
48Rank by Twitter #15128- 0
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Detailed Performance
RDPX shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
RDPX to USD Converter
Price History
- All-Time High
- $313.9681.55x to ATH
- All-Time Low
- $1.782.16x to ATL
- Trade Launch Date
- 25 Jun, 2021
1035 days ago
Exchanges
Exchanges type
About RDPX
The Dopex Rebate Token (rDPX) is a token issued by the Dopex protocol as a rebate for option writers in case of losses. If an option pool incurs a net loss during an epoch, rDPX tokens are issued. The rebates are calculated based on the percentage loss incurred by option writers in USD. A percentage of rDPX tokens relative to the losses incurred is minted and distributed to option pool participants. This rebate system ensures that option writers receive compensation for their losses and encourages liquidity provision on the Dopex platform.
What makes Dopex Rebate Token unique?
The Dopex Rebate Token (rDPX) is unique compared to other cryptocurrencies because it serves as a rebate token for option writers on the Dopex platform. When an option pool incurs a net loss, rDPX is issued as a rebate to option writers. The amount of rDPX issued is calculated based on the percentage loss incurred by option writers in USD, and a percentage of rDPX relative to the losses incurred is minted and distributed to option pool participants. This feature ensures that option writers receive rebates in case of losses, providing them with lower costs of providing liquidity and incentivizing more liquidity on Dopex. Ultimately, the rDPX token helps to enhance the returns for option writers and contributes to the overall ecosystem dynamics of Dopex.
Live Dopex Rebate Token Price Data
The current price of Dopex Rebate Token (RDPX) is approximately $3.85, reflecting a decrease of -3.75% in the last 24 hours. The RDPX trading volume in the last 24 hours stands at $4.35.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Dopex Rebate Token's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on RDPX, check out our crypto insights page.
RDPX to USD Converter
Price History
- All-Time High
- $313.9681.55x to ATH
- All-Time Low
- $1.782.16x to ATL
- Trade Launch Date
- 25 Jun, 2021
1035 days ago