OpFi + DPX, the new direction of DeFi this year?
Original Author: Crypto KOLMesky
Original compilation: 0x214, BlockBeats
What are OpFi and DPX? From the adoption of on-chain options to the entire DeFi track, why will these two create a new era? As impossible as it sounds, this article will detail how OpFi and DPX are able to achieve this ambitious goal.
Last week, encrypted KOL@tztokchadPublished an article on Medium《Options, options, options》, detailing aboutOpFiSome preliminary ideas and applications. It is strongly recommended to read this article first, so that with the context, it is easier to understand the content of this article.
This article will not go into details about OpFi applications, but will introduce the following aspects:
Explain its concepts in extremely concise terms.
Find out what it means for DPX.
Assess its secondary effects on DeFi.
application
application
Remember, if you want to be from the user's point of view, keep it highly concise and short.
Atlantic Straddles: Betting on volatility (As long as the rise and fall are big enough, you make money.)
Atlantic Insured Perps: Long positions with the highest level of leverage and cannot be liquidated. And GMX will be integrated soon.
Put-Based Lending: Borrow at the highest LTV (loan-to-value) ratio and cannot be liquidated. Under-prime mortgages are also allowed.
Synthetic Option Perps: Basically optimized perpetual contracts. Even if liquidated and the highest level of leverage is added, users can still stick to their long and short directions. In addition, because of decay, the minimum margin requirement will drop as the maturity date approaches, allowing the maximum leverage to increase significantly.
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What does this mean for Dopex?
TAM has grown significantly
With the basics out of the way, let's take a look at the gist of this article - what does this mean for Dopex?
The above are all groundbreaking DeFi innovations, and any of these products could become a standalone project. However, these are now sourced from Dopex.
Before the concept of OpFi, Dopex's TAM (Total Available Market, total potential market) was an encrypted options market, which itself was huge.
After the concept of OpFi, Dopex's TAM becomes options, perpetual contracts, lending, stable currency exchange and volatility products. This is literally a paradigm shift of orders of magnitude.
No vicious competition with DEX and DeFi
In addition, Dopex itself has no vicious competition with other projects, because products like Atlantic Insured Perps can be used to improve any other DEX. GMX is already doing this.
The low-cost forced-level protection mechanism, just think about how many users will be willing to use it. This is a huge advantage, and all DEXs will want to integrate with it.
Due to the adhering to the principle that "motivation does not come from reinventing the wheel, but making the wheel better", people have completed the transition from riding a horse-drawn carriage to a car.
cost
cost
What about the cost? Any charges for all of the above products are included inveDPX. There is no specific fee structure yet, but DPX is expected to incur significant fees throughout the year. Note, to obtain maximum lock while maintaining liquidityveDPXchallengePlutusDAOCheck.
challenge
Most of them will be launched in Q1 this year. I think the biggest challenges in making this happen are liquidity (which is also a thorny problem for any fair option project) and user education.
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The year of on-chain options, DPX at the forefront
Having said that, I'm still$DPXThe team is full of confidence. There are so many things to trade off in crypto, but you can never stray from adaptability, community, and a strong team. Dopex has exactly these three core qualities.
DPX's fundamentals have never looked better. We’ve all read the predictions for 2023, which analysts keep claiming will be the year of on-chain options. And the DPX is at the forefront of that narrative, and it innovates in a way that surpasses any competitor.
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