2021-7-30 16:08 |
Version 2.0 of the Crypto Volatility Index has been launched after careful and extensive planning and design, Invezz learned from a press release. The new version comes with many new and exciting features and improvements and is now live. These include a USDC (USDC/USD) platform, so-called volatility tokens on DEXs, an improved user experience, and margin trading on the Polygon (MATIC/USD) network. Here’s a bit more about each of these.
USDC PlatformCVI’s new version features a USDC platform, which makes it possible to open positions, stake CVI USDC through CVI, and provide liquidity. As a start, the platform will enable margin trading.
Volatility TokensVolatility tokens are an important milestone for DeFi in general and for CVI in part. The new and innovative idea of these: they allow users to trade and work with them to protect themselves from temporary loss.
The first volatility token that CVI launched was ETHVOL. Any ETH-based (ETH/USD) DEXs can be used to trade it. It will draw the attention of arbitrageurs, DEXs, and traders in the event of a price difference between markets (mint/burn due to prices on secondary markets). Moreover, mint / burn and other arbitrage related operations on the main platform will lead to more fees being collected (open \ close position). CVIVOL will be the second volatility token to be launched. Any Polygon supported DEXs can be used to trade it.
Margin TradingCVI introduced margin trading on its trading platform. The UX for margin trading is now available as well. Now, traders can access more money to support their trading strategies by leveraging their USDC positions on the Polygon network by X2. X3 margin trading will also be possible in the future. Compared to trades without leverage, successful trades will generate more profit, thereby enhancing capital efficiency.
New and improved designLast but not least, CVI used customer feedback to redesign their platform. The intuitive UI/UX has rendered the Crypto Volatility Index platform simpler and more straightforward for traders to use. It’s also become more efficient and effective as a result of these changes.
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