Decentralized options exchange Dopex announces it will launch on Polygon following a strategic agreement with Polygon Labs. Dopex is a maximum liquidity and minimal exposure options protocol.
Polygon Labs has been actively striking mainstream partnerships to boost blockchain infrastructure scalability. Having the fourth highest TVL across all chains, Dopex, a DeFi protocol, stands to benefit from chains having a high TVL. Polygon Labs offers an avenue for Dopex to expand its product line to acquire more users.
As a part of their partnership, Dopex shall now deploy “Atlantic Straddles natively on the Polygon chain.” By doing so, Dopex would be able to “gauge interest” before extra product launches. Atlantic Straddle writers on Polygon would now get extra incentives owing to Dopex’s “esteemed new polygonal pals.”
Dopex, a decentralized options protocol, focuses on liquidity maximization, with reduced losses for option writers and a higher profit for option buyers. Dopex is excited to explore possible future integrations with a promising DeFi landscape, aiming to enter the new era of decentralized development.
Via option pools, Dopex enables earning a yield passively. Dopex offers value to option sellers and buyers by offering fair and optimized option prices (due to its option pricing model replicating volatility).
An L2 scaling solution, Polygon PoS operates as an Ethereum blockchain sidechain. Just as with Arbitrum, Polygon also bundles and sends transactions to the Ethereum mainchain.
By doing so, Polygon makes transactions swift and affordable, allowing users to avoid paying $200 gas fees to utilize the chain. Apart from Polygon PoS, Polygon Labs is also building an entire ecosystem of additional scaling solutions, including zkEVMs and zk-roll ups.
