CVI AMA Recap — Crypto Volatility Index V2

The AMA was held in the CVI Telegram group on August 11th, at 13:00 UTC.

Hello, dear CVI community! 👋

Thank you for being with us today for this AMA! We thought it was the perfect time for a small AMA as we recently launched the CVI V2 platform and we saw many of you had questions regarding it.

This AMA will soon start and feel free to send your questions as you have the best from the best answering you today 😉🌟

The team members to be with us today for this AMA are Yoni Neeman, Costa Chervotkin, Tomer Armarnik, and Amir Hagafny (our newest addition to the team!)

I am sure you already know them but just in case, guys, please introduce yourselves ☺️

@Costacher @rmrnktmr @Yoni_n @Hagafny

Tomer:
Hi, my name is Tomer Armarnik and I am part of the core members of the CVI platform development team.

​Amir:
Hi everyone, my name is Amir Hagafny. I hold a BSc in Computer Science from IDC Herzliya. I worked in both startups and enterprises in the fields of Cybersecurity and Fintech. Crypto became my main focus since discovering it 5 years ago. I am fascinated by the innovation opportunities crypto and DeFi introduce and I am excited to be working on a product that captures this innovation spirit and has an ambitious goal of becoming an industry standard.

Yoni:
Hey everyone, I’m Yoni Neeman, I’ve been part of the dev team at COTI for the last 3 and a half years and I am COTI’s chief innovation officer.

Costa:
Hey, I’m Costa Chervotkin and I’m a Product Manager at COTI for the last 3+ years.

Oriane:
Thanks, guys 👍

Quick reminder: this new version brings you some amazing improvements and new features:

Read all about it here:

Community:
So as we are still in bull season (I hope) please don’t take this question the wrong way. Why should we hold GOVI in a bear season when no one will be opening positions on LP so if staking GOVI they will be no rewards? Thanks 👍

Yoni:
The launch of V2 opened up great opportunities that can increase the demand side considerably,

Including the first of their kind funding-fee-adjusted volatility tokens and later on — Leveraged volatility tokens.

These tokens are similar to the hugely popular VIX etns and VIX leveraged etns which have a daily volume of over half a billion dollars

Community:
Is your project a local project or a global project? Can anyone use your services from anywhere in the world? Are there any restrictions on using your service?

Tomer:
Yes, the project is global in the sense that anyone can join any of the CVI platforms on Ethereum and/or on Polygon.

The community part including their useful feedback and request is one of the major avenues to help grow such a project.

Community:
I would love to see Matic on Polygon. This seems logical since you already have eth on erc20

Tomer:
We definitely need to keep this option high on our list :}

Community:
CVI was made by COTI, why is the COTI coin not listing on CVI???

Tomer:
We try not to play favourites, even for ourselves

Community:
Congrats Team, great job CVI v2! I would like to know is there any plan to decrease the CVI index refresh interval? One hour in the crypto market seems excessive….

Yoni:
Yes and in addition to that we’re also finalizing a first of its kind dex-entwined amm, which adds an element of the free market to the platform, meaning the price will also be affected by supply and demand, in essence, will change in realtime (which still remaining peg to the index)

Community:
Strange question but I’ll ask it. Is there anything the team would like the community to do more of or less of in a positive way to promote $GOVI 💎 Thanks 👍

Amir:
Make sure you are vocal about the benefits of the CVI platform. You can talk about real-time scenarios such as the impact of the US infrastructure bill on the volatility and how it benefited people that expected that volatility and opened a position in the CVI. Also, don’t forget to let people know about the benefits of holding GOVI

Community:
CVI will be the platform to protect big new investors, who happen to be familiar with VIX, in crypto. Now with all these high-rolling enterprises joining crypto. How do you intend to attract these players?

Yoni:
In regular financial markets institutional and other big VIX players utilize the VIX leveraged etfs for hedging.

So in this regard, the leveraged volatility tokens can be a huge feature, as they are in regular financial markets.

Combined with the fact that all of them will be using the same liquidity pool with different leverage (x1/x2/x3), and all pegged to the index seems to me like the optimal tool for such players.

Community:
Any deadline to release GOVI tokens on exchanges or dex markets?

Yoni:
They’ve been ready to release for a few weeks already — We’re just finalizing all the documentation for our new type of players in the platform — The arbitrageurs, who will be able to mint/burn them to have very interesting arbitrage plays

Community:
We’ll need to see more CVI integration on Major DEFI places to establish ourselves and attract big fish.

Amir:
Our Business Development team grew in the last couple of weeks and they are hard at work on making big moves happen. The goal is to make the CVI an industry standard and partnering with well-known protocols is definitely a key part of that happening

Community:
Congratulations on your successful listing on Orion LP. Two leading decentralised platforms unite. When CVI widget on Orion terminal 🙂? Is the widget in the works already?

Amir:
Yes, the widget is in the works and will be ready for release soon.

Community:
Is there any new official API to retrieve the CVI rather than an Ethereum contract? I couldn’t quite work out the contract stuff 😜

Amir:
A new API is currently in the works and it will be super easy to retrieve the CVI information from it. We will update the community when it will be released publicly

Community:
I am a little concerned about providing liquidity on the platform although the rewards in GOVI ​​tokens make up for some loss. I hope the team will make the necessary adjustments regarding the fees for the balance when the rewards in GOVI ​​end.

Yoni:
This is of the highest priority and we have numerous developments related to it. Also, in the future, the platform would not rely on rewards at all. They did provide a huge advantage to everyone by giving the ability to parallelize development time between focusing on adjustments/balancing and adding new features such as those completed for v2 (Layer2, margin and the volatility tokens). We can now build upon these features to reach the ideal balance for the platform

For all of our updates and to join the conversation, be sure to check out CVI channels:

Website: https://cvi.finance

Whitepaper: https://cvi.finance/files/cvi-white-paper.pdf

Twitter: https://twitter.com/official_CVI

Telegram (group): https://t.me/cviofficial

Telegram (channel): https://t.me/cvichannel

CVI is a decentralized volatility index for the crypto space — powered by COTI network