Difference between revisions of "Stryke (SYK)"
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[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]]."'' | ''"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]]."'' | ||
| Line 11: | Line 10: | ||
==History== | ==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== | ==Token== | ||
===Launch=== | ===Launch=== | ||
Will have multiple tokens under Stryke (24-2-2024): | |||
SYK, xSYK and more. | |||
===Token Allocation=== | ===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=== | ===Utility=== | ||
===Other Details=== | ===Other Details=== | ||
| Line 25: | Line 45: | ||
===Implementations=== | ===Implementations=== | ||
*Built on: [[Arbitrum]] | *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=== | ===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=== | ===Staking=== | ||
====Validator Stats==== | ====Validator Stats==== | ||
| Line 34: | Line 59: | ||
===Interoperability=== | ===Interoperability=== | ||
===Other Details=== | ===Other Details=== | ||
==Oracle Method== | ==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). | 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== | ==Their Other Projects== | ||
==Roadmap== | ==Roadmap== | ||
*Can be found [Insert [[LINK|link]] here]. | *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=== | ===Projects that use or built on it=== | ||
==Competition== | ==Competition== | ||
| Line 60: | Line 79: | ||
===Pros=== | ===Pros=== | ||
===Cons=== | ===Cons=== | ||
==Team, Funding, | ==Team, Funding, Partners== | ||
===Team=== | ===Team=== | ||
| Line 66: | Line 85: | ||
===Funding=== | ===Funding=== | ||
The team of Dopex has [https://twitter.com/rage_trade/status/1561210660892995584 invested] in Rage Trade (21-8-2022) | |||
===Partners=== | ===Partners=== | ||
==(:== | ==(:== | ||
| Line 75: | Line 96: | ||
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | ||
[[Category:Exchange]] | [[Category:Exchange]] | ||
Latest revision as of 04:02, 25 March 2024
"Dopex is a decentralized options exchange that aims to address all of the issues with the existing options protocols within DeFi."
Basics
History
FKA Dopex. D*ecentralized *op*tions *ex*change or dopex for short. 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 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 (15-12-2022).
How it works
- From the Stryke 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 announced a partnership and DIA will "provide open-source oracles to Dopex to enable the launch of a single staking option vault and the listing of Metis as a token." (19-5-2022).
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
- From Our Network (19-11-2022):
"Dopex manages ~$20m+ in monthly TVL. Dopex’s token holder base continues to grow, and recently surpassed 6k.
Atlantic Straddles is a new 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 invested in Rage Trade (21-8-2022)
Partners
(:
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