Dopex has a team of experienced developers who have been creating innovative products even during bear markets. The community is eagerly awaiting the launch of a new product called Atlantic Options, which will help traders hedge their positions when buying short or long positions on GMX. This product will also benefit borrowers in lending protocols, allowing them to protect themselves from liquidation by purchasing the option.
For example, a trader who shorts ETH at a price of 1500 with 10x leverage, would be liquidated if the price of ETH goes up to 1650. However, by purchasing an Atlantic Call Option in Dopex, they can secure their liquidation price. If the price of ETH rises to 1650, they will not be liquidated before the expiration date of the option arrives. This way, their position can stay open for longer and there's a chance that the price may go down. Show Less
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