Dopex Launches A Put Staking Option For LUNA

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

Dopex, a decentralized liquidity options protocol, announced on Twitter yesterday that it has launched LUNA SSOV-P - Single Staking Put Option Vault.

Dopex, a decentralized liquidity options protocol, announced on Twitter yesterday that it has launched LUNA SSOV-P - Single Staking Put Option Vault. The ingle Staking Put Option Vault feature allows users to write (using stablecoins as collateral) or buy put options on LUNA. 

Terra is an algorithmic stablecoin platform operating on a Proof of Stake (PoS) blockchain infrastructure built with Tendermint.

LUNA, the native token of the Terra ecosystem, is down by more than 4% in the last 24 hours and is trading at $72.05 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.