About the coin

rDPX is the rebate token of the Dopex protocol, designed to compensate pool participants for any losses incurred. The token is minted based on the net value of losses at the end of a pool's epoch, with a percentage determined by governance. This ensures that participants are rewarded even in the event of losses.

Main features

Despite having no cap on supply, rDPX has mechanisms to maintain its value. It serves as a fee requirement for future app layer additions to Dopex, such as vaults. Additionally, rDPX is supported as collateral to borrow funds from Margin, allowing users to leverage option positions. It can also be used as collateral to mint synthetic assets and commodities, which can be further utilized to create options for synthetic non-crypto assets.

How it works

The token's value is maintained through its utility in the Dopex ecosystem. By staking rDPX, users can boost fee accrual, providing an incentive to hold and use the token. This intrinsic value ensures that rDPX remains a valuable asset within the Dopex protocol, supporting its various financial operations and innovations.