Introducing: Single Staking Option Vaults (SSOV)
We are proud to announce the official launch of DPX Single Staking Option Vaults on the Arbitrum Network.
What are SSOVs?
Similar to single staking vaults, SSOVs allow users to lock up tokens for a specified period of time and earn yield on their staked assets. Users will be able to deposit assets into a contract which then sells your deposits as call options to buyers at fixed strikes that they select for end-of-month expiries. SSOV options are either at the money, out of the money, or far out of the money.
How do they work?
- Prior to the beginning of a new epoch, strikes are set for the month-end.
- Users lock assets into this vault and select fixed strikes that they would like to sell calls at.
- The contract deposits the users’ tokens into a single staking pool for farming rewards and also earns yield from selling covered calls.
In essence, users will be selling covered calls at low risk with no need for intensive knowledge on option Greeks.
Find out more about SSOV by following the link below:
🚨 Key To Note
- We will bootstrap the vault 8 hours from now.
- Until then deposits will be open but purchasing will be closed.
- Deposits can be made for different strikes.
- Depending on the epoch, users will have to lock their deposits (stake) for 28/35 days.
🦠 Bug Reporting
As usual, if you spot any bugs, make sure to report them in the relevant channels in the Dopex Discord Server. Severe bugs will be rewarded.
If you have any further questions, feel free to ask in the Offical Dopex Discord Server.
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.
Always verify that you are on our official Discord server, Twitter page, or website.
