Rank #300
3,137 people like this
dopex rebate token  (RDPX)

Dopex Rebate Token (RDPX)

$257.82 10.9%
0.00612322 BTC 9.4%
0.08203193 ETH 8.6%
3,137 people like this
$231.00
24H Range
$266.99
Market Cap $205,439,080
24 Hour Trading Vol $8,841,754
Circulating Supply 796,843
Total Supply 2,101,201
Max Supply
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RDPX
USD
USD

Dopex Rebate Token (RDPX) Price Chart

Live Chart

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1h
24h
7d
14d
30d
1y
0.3%
10.9%
42.3%
208.9%
633.9%

RDPX Price and Market Stats

RDPX Price $257.82
Market Cap $205,439,080
Market Cap Dominance 0.01%
Trading Volume $8,841,754
Volume / Market Cap 0.043
24h Low / 24h High $231.00 / $266.99
7d Low / 7d High $177.22 / $314.82
Market Cap Rank #300
All-Time High $315.58 -18.2%
Jan 16, 2022 (4 days)
All-Time Low $1.78 14428.1%
Jul 20, 2021 (6 months)

Dopex Rebate Token Coin Price & Market Data

Dopex Rebate Token price today is $257.82 with a 24-hour trading volume of $8,841,754. RDPX price is up 10.9% in the last 24 hours. It has a circulating supply of 800 Thousand RDPX coins and a total supply of 2.1 Million. If you are looking to buy or sell Dopex Rebate Token, Sushiswap (Arbitrum One) is currently the most active exchange.

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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