Thread by @ben_kaplan23

To graduate university, my friends had to write a paper to pass their derivatives class

They paid me $50. You know what I wrote about? @dopex_io

🧵Here's how #dopex astonished a Tardfi derivatives professor 👇

@tztokchad @tz_binance $DPX

@dopex_io @tztokchad @tz_binance Background

My friends needed to write a final paper for their derivatives class

They knew that I write a lot about Crypto/DeFi. They enlisted my skills

In 2 hours, I wrote them a 6-page paper that Dopex-pilled their professor and got them a 98%

@dopex_io @tztokchad @tz_binance The essay topic was to write about a derivative product that you're curious about

Piece of cake

Obviously, I had to @dopex_io pill him and write about how they're pioneering decentralized options

Professor Tardfi had never heard of DeFi before. He was in for a treat

@dopex_io @tztokchad @tz_binance What amazed Professor Tardfi the most was:

• Permissionless/censorship resistant financial system
• SSOV's
• Dopex's two token model

Remember, the professor only knows an off-chain financial system

DeFi was previously unimaginable to him

@dopex_io @tztokchad @tz_binance Professor Tardfi only knows centralized, permissioned financial systems

The core pillars of DeFi were enough for him to question his preconceived notions

We're trending towards a digital, cashless society

Censorable financial products are scary

@dopex_io @tztokchad @tz_binance Dopex's goal is to:

• Maximize liquidity
• Minimize losses for option writers
• Maximize gains for option buyers

All passively for LP's

Not only did community provided liquidity amaze him, SSOV's amazed him even more

@dopex_io @tztokchad @tz_binance Dopex's flagship product are Single Staking Option Vaults (SSOVs)

SSOVs allow users to lock up tokens, for a specified duration, and earn yield on their "staked" assets

SSOVs are how Dopex attracts liquidity for its option pools

@dopex_io @tztokchad @tz_binance For every buyer of an option contract, there must be a seller

SSOV lp's earn yield by collecting the premium from writing the other side of the contract

Professor Tardfi was mind blown about this market making method

But the $DPX $rDPX model was the icing on the cake

@dopex_io @tztokchad @tz_binance $DPX is the governance token that accrues protocol fees

$rDPX is the rebate token that is minted and distributed back to option writers if they incur a loss

If option writers lose money, 30% of funds lost are given back to the writer in the form of $rDPX

@dopex_io @tztokchad @tz_binance At this point, Professor Tardfi got a crash course in:

• What is DeFi?
• Core pillars of DeFi
• Dopex
• SSOVs
• Tokenomic deisgn

There was nothing left to do other than give my friends a 98%

@dopex_io @tztokchad @tz_binance If y'all enjoyed this thread, toss me a follow

I write about DeFi, content creation, and self-improvement daily

*This thread is a summary of the essay + Professor Tardfi reaction

LMK if y'all want to see the full thing

Check out:

https://twitter.com/ben_kaplan23/status/1558145077712752643