Dopex Rebate Token
Price RDPX to USD now is $39.73. Trading volume by 24-hours $825.106. Dopex Rebate Token, which_ranked #360 price is up 4.54% in the past 24-hours. Dopex Rebate Token has circulating supply of $0 and have $53.189,200 capitalization. In additional, total supply is $1.348,982.
The all-time high price of RDPX is $315.58, the record was set on the 0.
RDPX all-time low price is $1.78, the record was set on 0.
7 days ago the price was $56 , this changed the RDPX price by 40.545%
14 days ago the price was $67 , this changed the RDPX price by 67.81644%
30 days ago the price was $95 , this changed the RDPX price by 138.52374%
60 days ago the price was $46 , this changed the RDPX price by 15.77744%
1 days ago the price was $488 , this changed the RDPX price by 1129.42478%
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.