Crypto Volatility Index (CVI) Introduces Margin Trading for Volatility Tokens

The young crypto economy has earned a reputation for volatility, but now DeFi is marching forward with powerful new services for directly capitalizing on volatility. One such service that’s a must-track in this vertical right now is the rising Crypto Volatility Index project.

The Crypto Volatility Index’s flagship release is the CVI, a decentralized “market fear index” for DeFi that functions like the VIX does for TradFi. Developed by the COTI team in collaboration with VIX creator Prof. Dan Galai and governed by GOVI token holders, the CVI is a novel “money lego” for understanding, trading, and hedging against Cryptocurrency volatility.

Better yet? Thanks to the new CVI V2 protocol release, making the most of this volatility is now simpler than ever!

Inside the Revamped CVI V2 System

At its core, the CVI protocol helps users track and trade the 30-day implied volatility of ether (ETH) and bitcoin (BTC) via the CVI Index, which uses the Black-Scholes options pricing model to foster an index that fluctuates between 0 and 200.

The CVI V1 system performed well, particularly during the acute DeFi market drawdown a few months back. The new-and-improved V2 system has evolved from that robust foundation and now provides an even more per formative and user-friendly dapp for DeFi volatility traders. 

So what’s new with V2, exactly? First off the protocol’s been deployed to both the Ethereum and Polygon main nets, meaning traders can enjoy near-instant and near-free transactions on the latter’s sidechain as needed.

Speaking of Polygon, CVI’s V2 deployment on the sidechain launched with a new USDC platform that allows users to trade the CVI with the crypto economy’s second-largest stablecoin by market cap. The USDC platform is also the first to support the CVI V2 system’s new margin trading capabilities, which lets leverage up to 2x (and later further) your CVI positions.

Another major new addition to CVI V2 is volatility tokens, with the protocol’s first being ETHVOL and next up CVIVOL. These tokens, which are adjusted via funding fees and rebased to maintain their pegs, give DeFi traders an unprecedented way to trade volatility tokens.

These are the first volatility tokens that can be traded on margin in the ecosystem, and notably CVI V2’s different leveraged tokens (e.g. ETHVOL-X2 and ETHVOL-X3) can be supported within the same AMM liquidity pool.

Additionally, the CVI V2 user interface (UI) and user experience (UX) revamp will ensure investors can navigate and easily trade through the app. The protocol’s lockups and rewards systems have also been updated to shrink liquidity providers’ (LPs) lockup period to 48 hours and to launch dynamic rewards for CVI traders.

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