CVI — Market Fear Index for the Crypto Space

cvi.finance

  1. The VIX, commonly referred to as the “Market Fear Index”, is one of the most important indexes in traditional finance, allowing traders to hedge or to take profit from market volatility.
  2. COTI is launching CVI, the first decentralized version of the VIX for the crypto market, covering major crypto assets.
  3. We have created CVI so that traders can hedge themselves against volatility or lack thereof.
  4. CVI is created by computing a decentralized volatility index from cryptocurrency option prices together with analyzing the market’s expectation of future volatility and working in a decentralized fashion by using a network of decentralized Chainlink oracles.
  5. COTI is also introducing a fully decentralized and self-adjusting trading system that enables a permissionless way to enter long/short positions on CVI.
  6. The $GOVI token will be introduced and act as a governance token for the protocol and platform
  7. Holders of $GOVI will share platform fees and will vote on matters such as the tradable assets, leverage used, deposit amounts, platform fees, and more.
  8. $GOVI distribution is a fair launch distribution model -
  • No pre-mine
  • No token sale, no fundraising
  • No VC’s and no Whales
  • The total supply is minted gradually over three years and is capped to 32M $GOVI tokens, with no option to mint more
  • Allocation:
  • → COTI — ETH Uniswap liquidity pool — 1.6M tokens
  • → Other Uniswap liquidity pools combined- 3.2M tokens
  • → Both of the above allocations are — locked until the platform is launched and achieves a set milestone
  • → Platform liquidity providers — 12.8M tokens
  • → Platform usage — 6.4M tokens

Abstract — What is the VIX and why crypto should have one?

Announcing CVI — a VIX for crypto

CVI in action

  1. COVID-19 crisis (spring 2020)
  2. Defi-tokens price crash at the beginning of September 2020

Using the CVI platform

Trading on CVI

1. “Black swan” — hedging strategy

2. Overheated market — hedging strategy

3. Back slope — speculative strategy

Why $COTI?

Introducing the $GOVI token — a governance token for CVI

  • Vote to change the leverage
  • Vote to change the fees
  • Vote to change D0 (opening position deposit size)
  • Vote to change Dmin (liquidation position deposit minimum level)
  • Vote on changes to the data source and aggregation protocol
  • Vote on trading platform changes and enhancements
  • Holders will share platform fees

$GOVI fair distribution model

  • 10% $COTI native coin holders (3.2M tokens)
  • ​15% incentives for liquidity providers to migrate to CVI (4.8M tokens)
    1. COTI — ETH Uniswap liquidity pool — 1.6M tokens
    2. Other Uniswap liquidity pools combined- 3.2M tokens
    ​ 3. Both of the above allocations are — locked until the platform is launched and achieves a set milestone
  • 15% development fund — distributed over 3 years (4.8M tokens)
  • 60% users of the CVI platform for their usage and liquidity — distributed over 3 years (19.2M tokens)
    1. Platform liquidity providers — 12.8M tokens
    2. Platform usage — 6.4M tokens
  • Distribution to native $COTI holders
    Starting tomorrow, October 14th at 6am UTC and ending once the CVI platform is launched, we’ll be distributing 10% (3.2M $GOVI tokens) of the $GOVI supply
  1. Have a COTI Pay VIPER wallet
  2. Make a claim for $GOVI by clicking “Claim” in their wallet during the scheduled claim period
  3. Hold or stake at least 10K $COTI or more during a randomized snapshot of the wallet
  • Distribution to liquidity providers
  • Distribution to CVI platform users — Liquidity and Usage:
  • Total distribution to CVI platform users:

What to do now?

  1. If you don’t already have a COTI Pay VIPER wallet, go ahead and create one now (we have grown our onboarding team to have expedited processing during this time).
  2. Once you have a wallet, make a claim for $GOVI by clicking the “Claim” button.
  3. If you made the claim and you meet the criteria, congrats, you will be one of the first to own a $GOVI token.
  4. If you own a COTI ERC20 token, consider posting liquidity on COTI ERC20/ETH pair on Uniswap: here, to receive $GOVI
  5. Follow this page to see your stack of $GOVI grow

Stay COTI!

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CVI

CVI

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