The Inverse Ethereum Volatility Index Token (ETHV) is a unique cryptocurrency project stemming from Volmex, a protocol built on Ethereum. This project allows traders to take advantage of tokenized volatility, offering the potential for profitable strategies in the crypto market. Volmex protocol has the ability to create volatility indexes and tradable tokens for crypto assets, providing traders with new ways to express their views on the expected volatility of various cryptocurrencies.
Understanding Volmex
Volmex is a state-of-the-art protocol that uses the Ethereum platform to deliver tokenized volatility. This method is pioneering a new way of trading, opening up opportunities for investors to express their views on the volatility of specific cryptocurrencies, such as Bitcoin and Ethereum, in an unprecedented way. The creation of Volmex is supported by a consortium of leading crypto investment and trading firms, including Three Arrows Capital, Alameda Research, Robot Ventures, CMS Holdings, and Orthogonal Trading.
About Inverse Ethereum Volatility Index Token (ETHV)
The ETHV is a distinct product from Volmex that tracks the inverse of the reference Ethereum volatility index price. This price is a measure of Ethereum's expected volatility over the next 30 days. The token enables traders to speculate or hedge against potential downward movements in Ethereum's volatility, offering a unique strategy tool in the cryptocurrency market.
The Volmex API
The reference Ethereum volatility index price, which the ETHV tracks inversely, is available through the Volmex API. This tool can be leveraged by traders to keep a finger on the pulse of Ethereum's expected volatility over the next month, providing the necessary data to inform their trading strategies.
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