View source for Stryke (SYK)

[https://ethhub.substack.com/p/ethhub-weekly-165?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNjIzNTUzNSwiXyI6IllKNVRlIiwiaWF0IjoxNjIwODkxNzQ5LCJleHAiOjE2MjA4OTUzNDksImlzcyI6InB1Yi0zOTEwIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.fvtHbyNvMhFL4xu3it4dO9lxeiKCMlKW_hxG From] [[EthHub]] (11-5-2021):

''"Dopex is a [[decentralized]] [[Option contracts|options]] exchange that aims to address all of the issues with the existing [[options]] protocols within [[Decentralized Finance (DeFi)|DeFi]]."''
==Basics==

*Based in:
*Started in / Announced on: [https://twitter.com/tztokchad/status/1389278593222578177 4-5-2021]
*[[Testnet]] release:
*[[Mainnet]] release:

==History==
FKA Dopex. D*ecentralized *op*tions *ex*change or dopex for short. [https://twitter.com/dopex_io/status/1761086121499369624 Changed] into Stryke on 24-2-2024.

==Audits & Exploits==
*[[Bug bounty]] program can be found [insert here].
===Bugs/Exploits===
==Governance==
===Admin Keys===
===DAO===
===Treasury===
==Token==
===Launch===
Will have multiple tokens under Stryke (24-2-2024):

SYK, xSYK and more.

===Token Allocation===

* From the Stryke [https://blog.dopex.io/articles/introducing-stryke-the-future-of-crypto-options announcement] (24-2-2024):

# ''"Simple Conversion: The transition will follow a straightforward conversion rate of 1 DPX = 100 SYK and 1 rDPX = 13.333 SYK. This means that DPX and rDPX holders will all get the equivalent amount SYK once the migration process begins. veDPX holders will also be able to migrate to our xSYK governance (more details below) with ease.'' 
# ''Token Supply: SYK will have a total supply of 100 million tokens. Aligning with our conversion ratios, 50 million of these tokens will represent DPX and 30 million rDPX.''
# ''Circulating Supply: At the time of the merge, the circulating supply of SYK will be approximately 47.8 million, calculated by scaling the current circulating supplies of DPX and rDPX.''
# ''Strategic Allocation: Of the total SYK supply, 12.2 million tokens will support the Protocol Treasury for operational expenses, with 40 million tokens designated for future emissions and strategic initiatives. This setup aims for an annual inflation rate of ~3%, ensuring sustainable growth and reward distribution."''

===Utility===
===Other Details===
===Stablecoin===
==Coin Distribution==
==Technology==

*[[Whitepaper]] can be found [insert here].
*Code can be viewed [insert here].

===Implementations===

*Built on: [[Arbitrum]] and [[Metis (METIS)|Metis]] ([https://medium.com/dia-insights/how-dopex-built-an-option-exchange-on-metis-using-dia-price-feeds-4c921f7f7148 15-12-2022]).

===How it works===

* From the Stryke [https://blog.dopex.io/articles/introducing-stryke-the-future-of-crypto-options announcement] (24-2-2024):

''Stryke 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. Stryke 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.''

===Staking===
====Validator Stats====
===Liquidity Mining===
===Scaling===
===Interoperability===
===Other Details===
==Oracle Method==
Dopex [https://medium.com/dia-insights/partnership-with-dopex-a1c183d76ecb announced] a partnership and [[DIA (DIA)|DIA]] will ''"provide [[Open Source|open-source]] [[Oracle|oracles]] to Dopex to enable the launch of a single [[staking]] [[option]] [[vault]] and the listing of [[Metis (METIS)|Metis]] as a [[token]]."'' (19-5-2022).

==Their Other Projects==
==Roadmap==

*Can be found [Insert [[LINK|link]] here].
==Usage==

* [https://ournetwork.substack.com/p/ournetwork-147 From] [[Our Network]] (19-11-2022):

''"Dopex manages ~$20m+ in monthly [[Total Value Locked (TVL)|TVL]]. Dopex’s token holder base continues to grow, and recently surpassed 6k.'' 

''Atlantic Straddles is a new [[Decentralized Finance (DeFi)|DeFi]] primitive created by Dopex, which allows for the collateral within a purchased option to be usable / moveable by the buyer to replicate a traditional straddle in exchange for a funding fee. Since its launch 3 months ago, it managed to do $15m in volume."''

===Projects that use or built on it===
==Competition==
==Pros and Cons==
===Pros===
===Cons===
==Team, Funding, Partners==
===Team===

*Full team can be found [here].

===Funding===
The team of Dopex has [https://twitter.com/rage_trade/status/1561210660892995584 invested] in Rage Trade (21-8-2022)

===Partners===
==(:==
Knowledge empowers all and will help us get closer to the [[decentralised]] world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information.

[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
[[Category:Exchange]]