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Single Staking Options Vault (SSOV)

Walkthrough
  1. 1.
    Head over to the Dopex application: https://app.dopex.io/​
  2. 2.
    Make sure you are connected to the correct network. Connect by selecting your preferred network from the Change Network option next to your wallet button.
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then
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  1. 3.
    Once connected, you can see all Dopex offerings in the top Menu.
  2. 4.
    Head over to SSOV page by selecting “SSOV” under the “Options” menu.
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  1. 5.
    You are now on the SSOV page.
  2. 6.
    Here you will find all Dopex Single Staking Option Vaults with both weekly and monthly expiry
  3. 7.
    Each vault has its respective details:
  • Vault type: CALL/PUT
  • APY: Rewards for depositors on a yearly basis
  • TVL: Current available liquidity in USD
  • Deposits: Amount of tokens deposited
  • Epoch: Number of epochs the vault is currently in
  • Duration: Start date and end date of the epoch
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  1. 8.
    Scroll to the token for which you want to deposit (write options) or buy options and Click on the Manage button.
  2. 9.
    Let’s take a look at the sections displayed.
  • Stats: Gives an overview of the vault of selected tokens like how many options were purchased and what was the total premium
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  • Write Positions: List all your deposits with various information. It displays the amount you deposited for which epoch and how much rewards it has accumulated.
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  • Your Options: If you purchase an option, it will be displayed in this section with information like what was the strike for which it was purchased and what is the profit or loss
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Deposit in SSOV (Write options)

  1. 1.
    Ensure your wallet is connected and the network for your token is selected.
  2. 2.
    Go to the SSOV page
  3. 3.
    Scroll to the token you want to deposit (write options) and click the Manage button.
  4. 4.
    On the right side of the SSOV page, you will see a section for performing Deposits.
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  1. 5.
    Select the Strike for which you want to deposit
  2. 6.
    Enter the amount of ETH you want to deposit
  3. 7.
    Hit the Deposit 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 you can make the deposit. Both Approve and Deposit actions need gas for the transaction.
  4. 8.
    After the transaction completes, you can see your deposits in the Write Positions section

Buy options from SSOV

  1. 1.
    Make sure your wallet is connected, and the network for your token is selected
  2. 2.
    Go to the SSOV page from the top menu
  3. 3.
    Scroll to the token for which you want to buy options and Click on the Manage button
  4. 4.
    On the left side of the SSOV page, you will see a button to Buy Options
  5. 5.
    Clicking it will open a pop-up with information and options to buy Options
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  1. 6.
    Enter the option size you want to buy
  2. 7.
    Select the strike price of your choice
  3. 8.
    Have a look at the breakeven price and calculator to be sure about the strike price
  4. 9.
    Hit purchase and Accept the transaction in your wallet. If you are making the purchase for the first time - you will be asked to approve the token before you can make the purchase. Both Approve and Purchase actions need gas for the transaction.
  5. 10.
    After the transaction completes, you can see your deposits in the Your Options section

Withdraw deposits or your Write Position from SSOV

  1. 1.
    Make sure your wallet is connected, and the correct network is selected
  2. 2.
    Go to the SSOV page from the top menu
  3. 3.
    Scroll to the token for which you want to withdraw your deposits (exit write options) and Click on the Manage button
  4. 4.
    Select the epoch in which you made the deposit
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  1. 5.
    Scroll down to the “Write Positions” section
  2. 6.
    For each of your deposits in the Write Positions section, you can see Withdraw button under the Actions title
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  1. 7.
    Clicking on Withdraw button will give you a summary of your withdrawal
  2. 8.
    Hit the Withdraw button on the summary and Accept the transaction in your wallet.

Settle option on SSOV

  1. 1.
    Make sure your wallet is connected, and the correct network is selected
  2. 2.
    Go to the SSOV page from the top menu
  3. 3.
    Scroll to the token for which you want to settle options and Click on the Manage button
  4. 4.
    Select the epoch in which you made the purchase
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  1. 5.
    Scroll down to the “Your Options” section
  2. 6.
    For each of your brought options in Your Options section, you can see the Settle button under the Actions title
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  1. 7.
    Clicking on the Settle button will give you a summary of your settlement
  2. 8.
    Hit the Approve button on the summary and Accept the transaction in your wallet.
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Last modified 3mo ago