Model 2.0 of the Crypto Volatility Index has been launched after cautious and in depth planning and design, Invezz discovered from a press launch. The brand new model comes with many new and thrilling options and enhancements and is now stay. These embrace a USDC (USDC/USD) platform, so-called volatility tokens on DEXs, an improved consumer expertise, and margin buying and selling on the Polygon (MATIC/USD) community. Right here’s a bit extra about every of those.
CVI’s new model contains a USDC platform, which makes it attainable to open positions, stake CVI USDC via CVI, and supply liquidity. As a begin, the platform will allow margin buying and selling.
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Volatility tokens are an necessary milestone for DeFi on the whole and for CVI partly. The brand new and revolutionary thought of those: they permit customers to commerce and work with them to guard themselves from non permanent loss.
The primary volatility token that CVI launched was ETHVOL. Any ETH-based (ETH/USD) DEXs can be utilized to commerce it. It should draw the eye of arbitrageurs, DEXs, and merchants within the occasion of a worth distinction between markets (mint/burn attributable to costs on secondary markets). Furthermore, mint / burn and different arbitrage associated operations on the primary platform will result in extra charges being collected (open shut place). CVIVOL would be the second volatility token to be launched. Any Polygon supported DEXs can be utilized to commerce it.
Margin Buying and selling
CVI launched margin buying and selling on its buying and selling platform. The UX for margin buying and selling is now out there as effectively. Now, merchants can entry extra money to assist their buying and selling methods by leveraging their USDC positions on the Polygon community by X2. X3 margin buying and selling may even be attainable sooner or later. In comparison with trades with out leverage, profitable trades will generate extra revenue, thereby enhancing capital effectivity.
New and improved design
Final however not least, CVI used buyer suggestions to revamp their platform. The intuitive UI/UX has rendered the Crypto Volatility Index platform less complicated and extra easy for merchants to make use of. It’s additionally change into extra environment friendly and efficient on account of these adjustments.
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