CVI is a decentralized platform designed to bring a sophisticated "market fear index" into the crypto market. Built on the Ethereum and Polygon blockchain, CVI offers a unique service where it maintains an index that keeps track of the 30-day implied volatility of Bitcoin and Ethereum. The index operates within a range between 0 and 200, using a Black-Scholes option pricing model to calculate the implied volatility of cryptocurrency option prices while also analyzing market expectations of future volatility.
CVI's Live Index and its Benefits
The CVI index is currently live and operational, offering valuable insights into the crypto market. With data similar to what traditional market traders have access to through the VIX, users can gain insights into expected market volatility, develop short-term trading strategies, and hedge their portfolios against price fluctuations.
Decentralized and Permissionless
CVI operates on a permissionless and open-source protocol, allowing any user to participate in the network's development. The platform's commitment to decentralization ensures that it remains open, transparent and inclusive.
GOVI Tokens and Platform Governance
The platform's native token, GOVI, serves as the governance token for the network. By staking their GOVI tokens, holders not only get a say in the platform's governance but can also share in the CVI platform's fees, which are distributed as rewards. This incentive system encourages active participation and maintains the democratic ethos of the CVI platform.
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