# Dopex Governance Token (DPX)

> Dopex (Decentralized Options Exchange) is a decentralized options protocol that aims to maximize liquidity and minimize losses for option writers while maximizing gains for option buyers. This is done in a passive manner for liquidity-contributing participants. 

DPX is the limited supply governance token for the Dopex protocol and is used to vote on protocol and app level proposals. Apart from being a vanilla governance token, DPX also accrues fees and revenue from pools, vaults and wrappers built over the Dopex protocol after every global epoch.

Dopex makes use of unique option pricing model that is calculated on-chain based on the Black-Scholes formula — using implied volatility and asset prices retrieved via Chainlink adapters — and passed through a function to determine volatility smiles based on the realized volatility of the asset. This model ensures pricing that is fair and efficient platform flow. Dopex provides solutions to low liquidity, unfair pricing, lack of composability, lack of user adoption, and unfair arbitrage opportunities during times of high volatility — all without compromising the buyer and seller experience.

## Price Data

- **Current Price**: $0.71
- **Market Cap**: N/A
- **Fully Diluted Valuation**: $355.77K
- **Circulating Supply**: N/A
- **Total Supply**: 500,000 DPX

## Price Changes

- **24h**: +0.03%
- **30d**: -0.67%
- **90d**: -0.77%
- **365d**: -0.76%

## Chain Availability

Available on: arbitrum, ethereum

## Resources

- [Website](https://www.dopex.io/)
- [Discord](https://discord.com/invite/dopex)
- [Coingecko](https://www.coingecko.com/en/coins/dopex)
- [Dex.guru](https://dex.guru/token/arbitrum/0x6c2c06790b3e3e3c38e12ee22f8183b37a13ee55)
- [Dex.guru](https://dex.guru/token/eth/0xeec2be5c91ae7f8a338e1e5f3b5de49d07afdc81)

## Links

- [View on Zerion](https://app.zerion.io/tokens/DPX-0xeec2be5c91ae7f8a338e1e5f3b5de49d07afdc81)
- [Trade on Zerion](https://app.zerion.io/tokens/DPX-0xeec2be5c91ae7f8a338e1e5f3b5de49d07afdc81)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset