ANOTHER BEAUTIFUL END OF A WEEK, ANOTHER BEAUTIFUL, BEAUTIFUL PRODUCT BY MY ESTEEMED SUBSIDIARY SO-CALLED "DOPEX".

This time, we are proud to announce the release of our stMATIC SSOVs which will allow users to write calls on stMATIC which our beloved option buyers can purchase. Writers will be depositing stMATIC, Lido's liquid staking derivative for $MATIC, which will allow them to continue earning staking rewards on their deposit.

The stMATIC SSOV will use MATIC/USD Chainlink Oracle alongside the stMATIC Rate Provider Proxy. Since this vault will be deployed on Polygon, please make sure you are on the correct network when trying to transact with it.

🎞HOW DOES THE STMATIC SSOV WORK?

Liquidity providers may select a strike price and deposit $stMATIC
$stMATIC will be used to write covered calls at the writer's select strike price in exchange for a premium
Liquidity provider deposits will earn staking yield (inherent to $stMATIC) and incentives from Polygon
Options buyers will be able to pay $stMATIC to purchase calls from the SSOV
At settlement, if the option is ITM, the option writer's deposit will be slashed to pay option buyers

Rewards for the vault will be as follows>~5087.79 WMATIC per week<

🎭 WRITE OR PURCHASE STMATIC OPTIONS NOW!

The stMATIC SSOV will be launching expeditiously (i.e. by the time this article has been published, it should be live!). Please be aware that options trading is NOT a risk-free endeavor and we highly recommend all prospective option extraordinaire to do some so-called "own research" so you are aware of the risks.

If you are unfamiliar with how our SSOVs function, please refer to the following articles:

📕 https://blog.dopex.io/articles/ssov/dopex-ssov-strategies 📗 https://blog.dopex.io/articles/ssov/dopex-single-staking-option-vaults-ssov

OBTAINING STMATIC

If you own $stMATIC, you have all you need to begin writing or buying $stMATIC calls via our brand-spanking new SSOV.

If you own $MATIC, you may wrap it into $stMATIC directly via the Lido site.

If you do not own $stMATIC or $MATIC, you may purchase them via a Decentralized Exchange such as Balancer or Kyberswap.

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.

Twitter | Discord | Website

🚨IMPORTANT

Be careful of fake Telegram groups, Discord servers and Twitter accounts trying to impersonate Dopex.

INTRODUCING: STMATIC SSOV