The Crypto Volatility Index (CVI) shall be built-in with zkSync. This makes CVI the primary derivatives undertaking to combine into the zkSync ecosystem.
The Crypto Volatility Index (CVI) introduced on Wednesday its integration with zkSync. ZkSync is an Ethereum protocol for scalable funds that’s trustless. It’s a main Ethereum scaling answer that mixes zero-knowledge proofs and on-chain knowledge availability to guard customers’ property through its zkRollup know-how. The CVI would be the first derivatives undertaking within the zkSync ecosystem on account of this integration.
We’re completely happy to announce the brand new integration of CVI with @zksync ⚡
ZKsync is an EVM suitable, Zero-knowledge proof know-how with decrease charges, quicker velocity, and most safetyLearn extra? https://t.co/3vMKiQsCZq$GOVI pic.twitter.com/xR3p1vvv0Y
— Crypto Volatility Index (CVI) (@official_CVI) March 23, 2022
What’s Crypto Volatility Index (CVI)?
The CVI is a decentralized index that forecasts the volatility of crypto property sooner or later. One of many creators of the protocol is Dan Galai, one of many creators of the $VIX. It’s the Wall Road concern index. The CVI has processed over $130 million in transaction quantity and distributed over $1 million in platform charges to their neighborhood since its begin in 2019.
Individuals can get the identical market insights as those that take a look at conventional markets by utilizing the VIX:
- Acknowledge the market’s anticipated volatility
- Create buying and selling strategies for fast income
- Defend their portfolio from worth fluctuations
CVI makes use of a permissionless, open-source protocol with a decentralized governance element. Any consumer can contribute to the community’s growth.
The $GOVI token is an ERC-20 token that serves because the protocol and platform’s governance token. 85 % of platform charges shall be collected and used to purchase $GOVI tokens on the open market. It’s going to cut back token provide. These $GOVI tokens will then be transferred to CVI ecosystem members within the type of open positions and staking rewards, reminiscent of:
- CVI merchants
- liquidity suppliers
- $GOVI stakers
You should purchase $GOVI on centralized exchanges: Kucoin and Gate.io. Additionally, you should purchase it on DEX, Uniswap, Sushiswap, and QuickSwap.
How one can make a revenue with the CVI platform
There are other ways to make a revenue on the CVI platform. Listed here are some methods:
- You possibly can open an extended place in CVI
You may be make revenue in risky markets, whether or not costs are rising or falling. Due to the volatility index, if you happen to anticipate a large-scale shock or flash dump out there, you possibly can open an extended place and make a revenue
If you happen to’re not a superb dealer, be a holder as an alternative. You possibly can hold the $Govi token and obtain a portion of platform charges. Additionally, you possibly can stake LP token and get 63% APY
- Buying and selling CVI and offering liquidity
You should purchase volatility tokens on secondary markets or DEXs as an alternative of opening a buying and selling place within the AMM platform. Comparable idea: revenue from a fluctuating market by promoting on the proper time. Additionally, you possibly can create a token pair between volatility token and USDC to earn a better APY than common staking.
