Option Liquidity Pools (OLP)
Walkthrough
- 1.
- 2.Make sure you are connected to the Arbitrum network. Connect by selecting the Arbitrum network from the Change Network option next to your wallet button.
- 3.Once connected, you can see all Dopex offerings in the top Menu ranging from Portfolio to Trade.
- 4.Head on over to the OLP page by clicking on the Options and then OLP sub-menu.
- 5.You are now on the Dopex OLP page. Here you will find a list of all Options LP. Click on the View button to interact with the OLP of your choice.
- 6.You are now on the OLP page of the token of your choice.
- 7.Let’s take a look at the information displayed:
- Token for the SSOV whose OLP page you are on.
- SSOV Expiry: Epoch end date for SSOV.
- Price: Spot price of SSOV token.
- TVL: Current available liquidity in the pool in USD.
- Contract: Link to the Arbiscan Contract. (If you wish to interact with the contract instead of UI)
- 8.Let’s take a look at the sections displayed.
- Liquidity: Shows total liquidity available for each strike with its utilization.
- User LP Positions: Tells your position and how much of your liquidity was utilized, i.e. how many options were purchased.
- All LP Positions: This section displays liquidity available within specific strikes and the discount at which the sellers want to purchase.
- 4.Provide LP: Section to add liquidity to the pool. This liquidity will be provided to Option buyers when they sell their SSOV options at a pre-specified discount.
- 1.Make sure your wallet is connected, and the Arbitrum network is selected.
- 2.Go to the Dopex OLP page and click the view button for the OLP you want to provide liquidity.
- 3.On the right side of the OLP page, you will see a section for Providing LP.
- 4.Select the token in which you want to provide liquidity.
- 5.Enter the amount, select the strike, and enter the discount at which you are willing to buy options.
- 6.Hit the Provide LP button and Accept the transaction in your wallet. If you are depositing for the first time - you will be asked to approve the token before making the deposit. Both Approve and Deposit actions need gas for the transaction.
- 7.Once deposited your liquidity is added to the OLP and can be seen in User LP Position.
- 1.Make sure your wallet is connected, and the Arbitrum network is selected.
- 2.Go to the Dopex OLP page and click on the view button for the OLP for which you want to exit liquidity.
- 3.Scroll to the User LP Positions section of the OLP page for your token.
- 4.Choose the Strike for which you wish to exit liquidity.
- 5.Now, to withdraw your liquidity click on the “Kill” button associated with your strike and Accept the transaction in your wallet.
- 1.Make sure your wallet is connected, and the Arbitrum network is selected.
- 2.Go to the Dopex OLP page and click on the view button for the OLP for which you own the SSOV option.
- 3.Scroll to the bottom section of All LP Position.
- 4.To sell your position (at the specified discount) click the “Fill” button on the right side of the strike for which you own the SSOV option.
- 5.Hit Approve on the summary pop-up and accept the transaction from your wallet.
Last modified 3mo ago