We plan on launching the fully decentralized index and trading platform by the year’s end, however we are thrilled to say that as of NOW, you can follow a beta version of the CVX index on our website (CVX.finance).
By following this beta version of the CVX index, you can already get a sense of what is the calculated volatility of the market in the upcoming 30 days and make educated trades accordingly. Remember on the full release of the CVX platform, you’ll also be able to directly trade on there!
As you can see, the CVX is provided via an hourly graph and we also produce a simple index figure, tanging between 10 to 200, describing the up to date result (while reading it, do remember that “Market is Down, CVX is up”).
From next week, we will also include a live feed of the top 10 cryptocurrencies for your convenience.
We recently shared an analysis of how the CVX reacted during the OKEx scandal and an analysis of the BTC upwards trend. If you follow the CVX, you can train yourself to detect market behavior in the same way traders in traditional markets do while watching the VIX.
This release is a beta release. While the math behind the CVX calculation is the one that will go to production, it is still not the final product. This current beta version of the CVX index is calculated from exchange-traded 30-days option prices and for the initial CVX calculations we are using data from the largest exchange: Deribit.
The beta version of the CVX index is not yet calculated by the decentralized network of Chainlink oracles, although the calculations and aggregations of the data are exactly the same as they would be in the decentralized version of the index. This calculation is currently performed via an internal script, which in the next phases will be used by all oracles to produce the calculations of index in a fully decentralized manner.
As stated above, the full platform will launch by the year’s end, bringing in a fully decentralized market fear index and a trading platform to crypto. This will also be the time when we distribute the $CVX tokens to all eligible claimants.
As always, we appreciate all community feedback and would love to hear from you and how you use CVX to make better decisions about the market’s direction.