Crypto Volatility (CVOL) represents a pioneering attempt in the crypto market to create a volatility token that is pegged to the implied volatility of both Ethereum and Bitcoin. This token can be traded on the Polygon network via QuickSwap and the Arbitrum network through Sushiswap. As a user, purchasing this token on a decentralized exchange (DEX) grants you a LONG position on the CVI index.
What is Crypto Volatility (CVOL)?
CVOL is a groundbreaking volatility token in the market that is uniquely tied to the implied volatility of two major cryptocurrencies: Ethereum and Bitcoin. Adhering to the range bound of 0-200, CVOL provides an innovative approach to participate in the crypto market's volatility.
Trading CVOL
CVOL offers a substantial versatility regarding the networks it can be traded on. For the Polygon network, users can engage in trading activities via QuickSwap. Concurrently, for the Arbitrum network, the token can be traded on Sushiswap.
How does holding CVOL benefit the user?
The key advantage of holding CVOL is that it offers a LONG position on the CVI index for the user. By purchasing CVOL on a DEX, the user can potentially capitalize on the drastic price movements of Ethereum and Bitcoin, given how the token is directly related to their implied volatility.
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