Dopex
Decentralized options exchange with single-staking option vaults and rebate tokens on Arbitrum
- No KYC or registration
- Non-custodial — your keys, your crypto
- 1000+ supported exchange pairs
- Best available exchange rate
Dopex Price Chart
About Dopex
Dopex is a decentralized options exchange built on Arbitrum focusing on maximizing liquidity for options writers and minimizing losses for buyers through rebate mechanisms. Dopex pioneered Single Staking Option Vaults (SSOVs) where users deposit assets into epoch-based vaults that write options at specific strikes and expirations. Options buyers purchase from these vaults at Black-Scholes-derived prices. Dopex introduced rDPX — a rebate token distributed to options writers who experience losses, creating an insurance mechanism for liquidity providers. The protocol also built Atlantic Options, a novel primitive allowing options to be used as collateral. DPX has a low maximum supply of 500,000 tokens, creating relative scarcity. rDPX has unlimited supply as it serves as the rebate mechanism.
History
How to Swap DPX
Swapping Dopex (DPX) on SyntheticSwap requires no account or KYC. DPX is an Arbitrum-native or Arbitrum-bridged token, supported by MetaMask (Arbitrum One network), Trust Wallet, and Ledger Live. Select DPX in SyntheticSwap, choose your destination asset, enter a receiving wallet address, and confirm the live exchange rate. After sending DPX to the provided deposit address, your swap settles quickly and the destination asset is sent directly to your wallet.
How to Store DPX
Store DPX in any EVM-compatible wallet: MetaMask, Ledger, or Trezor configured for Arbitrum. DPX is an ERC-20 token on Arbitrum.
