Dopex Rebate Token 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.

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.