About the coin

CVI is a full-scale decentralized ecosystem that introduces the sophisticated 'market fear index' into the cryptocurrency market. It is built on the Ethereum and Polygon networks and consists of an index that tracks the 30-day implied volatility of major cryptocurrencies like Bitcoin and Ethereum. The index is designed to provide insights similar to those offered by the VIX in traditional markets, helping users understand expected market volatility.

Main features

The CVI index ranges between 0 and 200 and is calculated using a Black-Scholes option pricing model. This model computes the implied volatility of cryptocurrency option prices and analyzes the market's expectations of future volatility. The index is live and operational, offering data that can be explored on the CVI platform. Users can leverage this index to develop trading strategies for short-term gains and hedge their portfolios against price fluctuations.

How it works

CVI operates as a permissionless and open-source protocol, allowing any user to participate in the network's development. The GOVI token serves as the governance token for the platform. By staking GOVI tokens, holders can participate in governance decisions and share in the fees generated by the CVI platform, which are distributed as rewards. This structure incentivizes active participation and aligns the interests of the token holders with the platform's success.