coinRDPX #1809

Dopex Rebate

3.61USD-6.62%-6.62%As of: Apr 27, 02:12 UTC

Key Statistics

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Dopex Rebate Converter

RDPX
=
USD

About Dopex Rebate

rDPX is the Dopex protocol rebate token. It is a token minted and distributed for any losses incurred by pool participants. The amount of tokens minted are determined based on the net value of losses incurred at the end of a pool's epoch. A percentage of the losses, which is determined by governance, is minted for all pool participants after the epoch has ended. rDPX while having a no cap supply - has mechanisms in-place to avoid it from being valueless while also providing intrinsic value to the token. 1. rDPX would be a fee requirement for future app layer additions to Dopex such as vaults. 2. Dopex would support rDPX as collateral to borrow funds from Margin to leverage option positions. 3. rDPX would be usable as collateral to mint synthetic assets, commodities etc. which could further be used to create options for synthetic non-crypto assets. 4. Fee accrual can be boosted via staking rDPX.
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Price Performance

1D
-6.62%
7D
-7.58%
30D
-31.60%
YTD
N/A
N/A
1Y
-86.08%
Key Statistics
24H Range
Low$3.59High$3.76
24h Volume
5.2K
Market Cap
4.9M
Circulating Supply
1.4M
Total Supply
2.1M
Rank
1809
Market Cap Dominance
0.00%
Max Supply
N/A
Fully diluted market cap
120.558
Hashing Algorithm
N/A
Block Time in Minutes
N/A
Volume/Market Cap
0.00
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