Our New rDPX Vault
"We’re excited to announce the launch of our highly requested rDPX vaults and put even more composable yield into the pockets of our community members."
Hello Jonesies!
We’re excited to announce the launch of our highly requested rDPX vaults and put even more composable yield into the pockets of our community members. The new rDPX vault functions just like the rest of our vaults, meaning that it too is subject to the power of layered yield (the jonion). When you deposit into the rDPX vaults, be sure to take advantage of rDPX/jrDPX staking to significantly boost your overall yield with $JONES incentives.
What is rDPX?
rDPX is a token minted and distributed for any losses incurred by pool participants on the Dopex platform. rDPX does not have a supply cap, however there are mechanisms built into the protocol to drive usage for the token across current and future Dopex features.
The Dopex team is developing and shipping powerful new features at a breakneck pace, many of which use rDPX for usage and underlying liquidity.
For example:
- rDPX will be a fee requirement for the addition of future vaults at the app level.
- rDPX will serve as collateral for opening leveraged positions.
- rDPX will serve as collateral to mint synthetic assets, commodities, and more which could then be used to create options for synthetic non-crypto assets.
- Fees accrued to DPX holders will be boosted by staking rDPX.
- rDPX will be a critical component of the upcoming dpxUSD stablecoin feature set.
- rDPX will be a proxy for voting in decisions based on community proposals.
All of these use cases create a positive feedback loop of demand for rDPX and the products that it will support.
Why is rDPX important?
rDPX is unique within DeFi given its prominence in a protocol as innovative as Dopex. Every product or feature developed by Dopex has the potential to use rDPX to its fullest potential, unlocking even more use cases in the protocol.
As rDPX grows in value, distribution, and usage, Dopex will be able to build even more features on top of this highly liquid, protocol-specific token base. There are few better examples of a positive feedback loop within the broader crypto landscape.
Conclusion
rDPX is a powerful tool that is essential to the long-term success of the overall Dopex ecosystem. For more information about rDPX and a wealth of alpha, be sure to head to the Dopex Tokenomics page.
Be sure to take advantage of our new rDPX vault and leverage the power of the jonion. If you’re not sure how to fully leverage the power of the jonion, read this.
Join the Jones DAO community now to stay up to date on our upcoming releases and partnership announcements. We’ll be hosting AMAs, previews, and sharing plenty of alpha: