TREASURY UPDATE - JULY 2023

Before starting this lovely treasury report, CFO would like to make clear that Dopex does NOT have exposure to affected pools during the recent Curve fiasco. Notably, treasury exposure is limited to $2CRV (built on Vyper 0.2.12 which was not amongst the compromised compilers) and spot $CRV/$CVX holdings. We proceed, gentlemen.

TREASURY WALLETS

This report is based on Dopex’s protocol-owned wallets which can be found at the following addresses:

0x04e38cdc3559fe6d91291cf4084d16340e4b585f
0x7d6fadb02e70bfb6325cfd6ec5605e552115aa76
0xb8689b7910954bf73431f63482d7dd155537ea7e
0x2fa6f21ecfe274f594f470c376f5bdd061e08a37
0x738ee36d7b860cefff526553e28a2b8928de4483
0x0a95222b5ed8690a0279993e63903687536ccecd

These have been masterfully compiled in this Zapper profile here for your ease of perusal.

As per usual, some funds have been added or omitted from the protocol balances for the following reasons:

Added

MM funds (total ~$521,787)

We have funds deployed to external MMs amounting to 1,863 $DPX, 64 $ETH and 230,519 $USDT.

Incredible.

LP Positions unlisted on Zapper (total ~$1,003,947)

Our beloved Atlantic Straddles, Atlantic Perps, Option Scalps and 0dte products are not yet integrated into Zapper but are a source of yield for our cheeky little treasury.

Atlantic Straddles

444,869 $USDC is deployed to Atlantic Straddles across $ETH, $DPX, and $rDPX for our straddle enjoyooors.

Atlantic Perp Protection

200,000 $USDC is still deployed to Atlantic Perp Protection for your insured leveraged long needs.

Option Scalps

99,533 $USDC (multiple transactions) and 60,000 $ARB (total ~$170,333) is deployed to Option Scalps for our short attention span nuggets.

0dtes

51,000 $USDC (multiple transactions), 27 $ETH, and 60,000 $ARB (total ~$190,071) is deployed to 0dte for our lovers of a so-called “spread”.

SSOV Rewards

120,000 $ARB ($141,600) has been allocated to rewards for our beloved $ARB monthly call depositooors.

Removed

Dust Amounts

Various dust amounts from our vlCVX rewards have been omitted since we have plenty of money and this is what we call “immaterial”.

ACCOUNT BALANCES

See attached for account balance as at 31 July 2023 (Australia time of course).

Audits and the CEO’s lavish lifestyle and Halal Snack Packs require COLD HARD CASH to be financed.

For a nice little pie chart of breakdown per asset, please see below:

Oh yes most intriguing indeed.

MONTH-ON-MONTH (MOM) PERFORMANCE

4.53% draw down on the monthly?

WHAT IS THIS?

A DRAW DOWN FOR ANTS???

CLOSING COMMENTS

Before the CFO concludes his monthly treasury report, he must confess to a little oopsie.

No, not the fact that he was liquidated on this beautiful Monday morning but rather he did a fat finger on last month’s report!

That ‘0’? Should NOT exist (much like his long forgotten open position on the dastardly Silo Finance).

There we go, much better.

Until next time, my budding accountants.

Warm regards,

CFO (not to be confused with CEO)

"Mm yes mathamamdicks yes indeed how intriguing"

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.

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