DPX is the governance token for Dopex, a decentralized options protocol deployed on Arbitrum that aims to maximize liquidity while minimizing losses for options writers and maximize gains for options traders. The token can be locked to receive veDPX, a non-tradable vote-escrowed version of DPX that is acquired by locking for up to four years. DPX accrues fees and revenue from pools, vaults, and wrappers on the Dopex protocol.