Research on Dopex and Ribbon: DeFi options are on the rise.

In late May 2021, a phishing lawyer named @gabagooldoteth appeared on an encrypted Twitter circle. While doing some research, Gabagool (as he calls it in this article) found some skepticism about the Financial Ribbon.

Gabagool discovered that the address associated with the current divergence illegal businesses deposited 0.1 ETH on the line of multiple wallets. All of this happened before the Ribbon Group announced the plane, sparking public outrage. After all, Ribbon is a corporate portfolio of Divergence, and effectively spoofing one of its equity portfolios is not a good idea.

This simple, inexpensive monster attack earned Divergence Ventures an advantage of around 719 ETH. At current prices, it's worth over $ 2 million. As Gabagool's findings quickly spread on Twitter, Divergence continued to control the damage and was crucial in sending money back to Ribbon Bank. Everyone wins, right? Well, it's a little harder than that. Of course, the Ribbon received the loot, but lost.

Of course, everyone quickly forgets these events in a day.

After the failure of this airdrop, many people forgot the ribbon. Projects like dYdX, ENS, and Uniswap grabbed public attention within just a few weeks of the airdrop, but Ribbon was completely ignored. The token (RBN) is trading in its worst form since the start, many have given up on the contract altogether and KOL rarely mentioned it.

until now.

A lot of people think Ribbon's failure is due to bad weather (not their fault), but the Ribbon Group doesn't know. The team worked on a protocol with very unique and innovative ideas for cryptocurrency, but revolutionary in mainstream finance. We will talk about this later.

As Curve Wars heats up, Ribbon quietly engages in combat. While still a small hat (around $ 170 million at the time of writing), RBN is making waves, hitting an all-time high of $ 3.81.

What led to the recent impact in the pesky lineup, and how did the Ribbon get involved in this heated battle? Can the Ribbon recover from the effects of a public disaster and succeed in a weak economy?

Spoiler warning: yes, it does happen.

but wait another minute

You may read the title and think I forgot about Dopex. I decided to describe these two contracts in the same article because I started to think that they were competing. They turn out not to be the problem, but they cover all the options, so the idea in the sentence still stands.

Dopex - short for "Business Intelligence Business" - is a process developed by prolific @tztokchad. Before we jump into Dopex and how it works, let's briefly cover the options as they are new to crypto and many readers will want to check it out.

Basically one option is the agreement between the buyer and the seller with some important restrictions. An option is the right to buy or sell a commodity at a given price at a given time. These are beneficial to our investment portfolio as we are not elves and we do not have a chain link oracle in our head telling us where value is going.

Suppose I want to sell my Ethereum for $ 10,000, but around $ 4000. I am 100% sure that Eth can reach 5 digits. I do not know when. These options allow you to sell the guaranteed call option and obtain a repayment rate above the $ 10,000 mark. I can choose the certificate which expires in December 2022. You can see that the Eth will increase slightly, but it will not reach its price.

If Ethereum hits $ 8,000 before December, my money will double and I will get paid and I will be able to keep my tokens. If the opposite happens and Eth hits $ 20,000, it can be a bit depressing. Sure, you can sell $ 10,000 and get a low price, but you've capped inside out and missed 5 times.

Unlike buy options, there are options as well. Buying an option means you want the numbers to go down. You can also sell options options, such as selling call options. This is because you are betting that theta (a tough option right now) will lower the cost of the option, rather than expecting the estate to drop.

At first glance, this is a difficult subject, so that's all I want to talk about.

You may have heard of these options months after Gamestop and Wall Street Bets went public. While these financial derivatives have attracted young investors, cryptocurrencies and options have always been less mixed than expected.

Dopex aims to deliver contracts that offer LP composability, fairness and cost, low cost and a corrupt world for those who want to go wild. But what are Dopex and Ribbon, and why did you choose to print them instead of the printing press that appeared on Convex Land?

Well the answer is a little difficult. Must dream with me here.

The wild world of DeFi options

I will start with the ribbon because I saw it before Dopex where it has a nicer interface. However, let's get into the details and see what each problem is.

As Dopex caters to a larger community, Ribbon aims to deliver a product to more high-risk people who want a refund for their Theta sales. If you're looking for more info on this, I recommend you visit @ThetaTendies on Twitter. Here is his name.

Ribbon's main product is Theta Vaults, which now guarantees bullish safes from WBTC, AVAX, STETH, etc. The ribbon can promise high efficiency without worrying about liquid extraction. While many contracts typically charge 6-8 LP tokens for private farmers, the ribbon can promote health and aesthetics through the power of put options.

Made from Opyn, Ribbon can use the optional ERC-20 token. I'm not good at details, but the ribbon can provide a special source of theta volt with a back made by Opyn.

Ribbon bolts are special because they are all finished. In a normal business, you have to figure out the cost of the strike and the expiration date yourself, or let the manager do it for you. The ribbon offers passive traders a "one-for-one" safe option. Well, invest your money in cryptocurrencies as passively as possible.

I have the connections between the cryptographic choices for 99.9% of the trader. But I will support it because I look forward to seeing more about it.

The ribbon vault is an example of architectural design. A special definition for financial instruments that use materials to achieve a specific objective. This interpretation can be attributed to @chudnovglavniy, the brilliant producer of the Ribbon.

I'm very excited about the design of DeFi, but I'll get into the details later. Because Ribbon is a pioneer in the development of DeFi products, it could raise over $ 300 million in TVL. If requested, consensus can play an important and valuable role.

It could be a good introduction to what the ribbon is doing now. If you want to learn more (you have to if you plan to invest) check out the app. It helps a lot.

To continue.

Dopex is similar to Ribbon, but works slightly differently and consists of two components: a pool option and a library transfer library (SSOV). Let's start with the pool of choice.

If the user wants to buy a sample call option or buy a property, they can do so through Dopex. Whether it's ETH or any other asset, you can put your money's worth and try your luck with some European options. Unlike WSB, these products cannot be sold before the expiration date, but you can make more money than not buying them. I think the encryption options will get bigger and harder over time, so I'm going to do some Dopex rooting now before it's too late.

If you've never seen the option before, check out InTheMoney on YouTube. This is where I started and now you can lose money on options without asking for advice.

Dopex's other product, SSOV, is similar to Ribbon's Theta Vault in that users can place assets and sell options called securities for income such as gOHM and rDPX (Dopex's Rebase Token). ). One big difference that I pointed out is that if the tape archive data is completely complete, the Dopex is not up to date.

Also, I apologize for the hyperlinks. There is more information that does not fit into this category, please click Add for more information. It will help.

Dopex has announced its intention to bring in more than $ 500 million from TVL to SSOV. When the new contract required more users and TVL, they had to spend more money on LP tokens and trade with private farmers. Who says Dopex couldn't raise that money by providing steady and declining income? To me it seems like no idea.

Dopex has announced that their goal is to repeat the success of Robinhood and Deribit.

Print money to look to the future

"But what does that do for the curve-"

oh what will I forget

I was inspired to write this sentence after following Ribbon's Ribbonomics article on Medium. So what is ribbonomy and will it teach high school students in the future?

As can be seen, Curve Financial has achieved the cheapest DeFi tokens through veCRV and digital measurement technology. Because the takeover was easy and hassle-free, Convex Finance and other entrepreneurs started Cruce Wars.

With the successful completion of Curve and Convex ($ 24 billion and $ 20 billion in TVL respectively), the ribbon is starting to follow suit with some of these token transactions. Let me tell you about the concept of effective management or effective management. Let me explain.

Many contracts have managed tokens, which are nice and interesting for members and first time investors, but often not good for investors due to the high FDV and the contract is not visible. The DeFi protocol has too much to write about.

These tokens can be used to vote on proposals or to generate income. There may be a lot of work to be done. Maybe you want to hold it because it's cold.

Ribbon wants to solve this problem. Of course, many fonts have 9 or 10 digital TVL, which is very unreliable. But how many rules does a good trading token have? Of course, RBN's FDV is very high. However, they solved this problem by adding the standard veCRV, the largest token industry in DeFi's history.

If it's not clear enough, I'll show you verRBN.

"However, how to copy tokens from veCRV ——"

Silence, innocence. I was a kid at Ponzi Economics and I knew my stuff.

You might be surprised at what this looks like and how Managed Tokens can trade token transactions profitably. give me some alpha

A few months ago, CRV and CVX had a bad time and will continue to do so. YFI also rose after the token exchange was announced. What do you think RBN will do? Do you think this option won't be the next big DeFi?

Submit accordingly.

Joining this new token system will allow users to register RBNs for longer, make bigger profits and gain control. If that isn't appealing enough, remember the “proof” of the theta sale I mentioned. Ribbon can maintain a healthy TVL at all times because it does not have to depend on private farmers. It means you can make money all the time. In other words, traders can get a fraction of the price. Here is an excerpt from the Ribbonomics article.

Easy. Ribbons were created for these toquenomies, but unfortunately they didn't arrive sooner.

I almost forgot about DPX again. What can I do? I am very happy with the arrival of the Ribbon, but I would be lying if I said I was not happy with DPX.

It's election time, so it's a good idea to introduce veDPX. No, I'm not kidding. It also happens. Dopex plans to add a [REDACTED] option to the vault, which is the default agent that users can use to guide waveform counter oscillations. Yes, you can bet on Curve Wars as an option.

Things will only get weirder.

I can tell you another story that revolves around a fallen man, but Halko best describes it with a brief explanation:

This means more money flow to Dopex, more revenue, more money returned to the veDPX host. Oh, I forgot to mention a part of good governance. I don't know you, but controlling the war curve by guessing the curve curve options is very efficient and beneficial for me.

Dopex also announced plans to add SSOV to cvxFXS (which is larger), SPELL, AVAX, etc. It's too optimistic. The SPELL option alone is enough to put all the frogs in the country in trouble, and the cvxFXS combination is almost dangerous.

As DeFi and Ribbon / Dopex options continue to expand, the number of users and TVL continues to increase, so expect to see. Looks like the war has already started, so I can't help but look to the future.

final thoughts

RBN's FDV is frustrating, but I've always loved RBN and DPX. When the price hits $ 10, it will likely sell out. Probably not for sale. Sometimes I don't even know if I think these options will make a big impression in the cryptocurrency space and give new meaning to people who think across the board. The answer is yes.

Both contracts have a healthy 9-digit TVL number. Ribbon currently costs around $ 250 million, while Dopex may be slightly over $ 500 million. I expect this number to double in the coming months.

I won't tell you what to buy and when. This is not financially sound advice. My main goal is to have fun, and I want to do it.

All I know is that these two agreements are necessary and that it would be foolish not to support them and their best interests. Hope you enjoy this article and remember to do your own research before purchasing the token numbers I mentioned.