Description
CVI is a decentralized ecosystem leveraging Ethereum and Polygon to introduce the "market fear index" into the crypto market. Tracking 30-day implied volatility of Bitcoin and Ethereum using the Black-Scholes option pricing model, CVI provides insights similar to the VIX in traditional markets. Users can utilize this data for developing trading strategies and hedging against price fluctuations. The open-source and permissionless protocol allows extensive community participation, while GOVI tokens serve as the governance token, rewarding stakers from platform fees.
CVI is a decentralized ecosystem leveraging Ethereum and Polygon to introduce the "market fear index" into the crypto market. Tracking 30-day implied volatility of Bitcoin and Ethereum using the Black-Scholes option pricing model, CVI provides insights similar to the VIX in traditional markets. Users can utilize this data for developing trading strategies and hedging against price fluctuations. The open-source and permissionless protocol allows extensive community participation, while GOVI tokens serve as the governance token, rewarding stakers from platform fees.