ETH Single-Staking Option Vaults
Single Staking Option Vaults for ETH are finally here!
This article will briefly give you a rundown of how to navigate SSOV.
If you are not yet familiar with SSOV (what it is & how it works), make sure to read the following article!
🚨 Key To Note
- Deposits for the ETH SSOV epoch (ending December 31st) are open NOW and we will announce when they will close shortly before.
- There is a deposit cap (soft limit) of 25,000 ETH.
- The pre-determined fixed strikes for the first epoch will be:
>$4,000
>$5,000
>$6,000
>$7,000
>$8,000
📌 Accessing SSOV
- Navigate to:
- Make sure you are connected to Arbitrum Mainnet (instructions on how to add Arbitrum mainnet to your browser wallet can be found here: https://medium.com/stakingbits/guide-to-arbitrum-and-setting-up-metamask-for-arbitrum-543e513cdd8b)
📌 Depositing
Next, you need to navigate to the “Vault” page choose the ETH vault, and select deposit.
This will take you to a new page where you can manage your vault.
On this page, you will be able to select strike prices, deposit, and withdraw.
📌 Selecting strikes
At the beginning of each epoch, there will be fixed strikes that users will be able to select strikes for.
Once you select the strike/strikes you want, enter the value of (in this case) ETH you would like to deposit for each (if you have selected more than one).
Once you have done this you will have to approve your tokens for spending by signing the transaction in your wallet and then you can proceed to select deposit and again sign the transaction in your wallet.
Once your transactions have been approved, you have successfully deposited them into the vault and you will be able to manage your deposits.
Exercising your options
There is an exciting change to the exercise procedure — complete removal of the exercise window.
All options are auto exercised on expiry by default and can be settled any time after expiry at your convenience.
And there you go anon. The vault, the myth, and soon-to-be legend — SSOV by Dopex.
ETH SSOV Contracts
ETH SSOV
ETH ChainlinkUSDAdapter
ETH Volatility Oracle
RewardsDistribution
About Dopex
Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers — all in a passive manner.
Dopex uses option pools to allow anyone to earn a yield passively. Offering value to both option sellers and buyers by ensuring fair and optimized option prices across all strike prices and expiries. This is thanks to our own innovative and state-of-the-art option pricing model that replicates volatility smiles.
📱Stay Connected
Follow our official social media accounts and visit our website to stay up to date with everything Dopex.
🚨IMPORTANT
Be careful of fake Telegram groups, Discord servers and Twitter accounts trying to impersonate Dopex.
