COTI, a blockchain-powered fintech startup, has launched a brand new cryptocurrency index enabling merchants to revenue from the market volatility.
COTI, a blockchain-powered fintech startup, has launched a brand new cryptocurrency index enabling merchants to revenue from the market volatility.
The brand new Crypto Volatility Index, or CVI, brings the standard “market worry index” to the crypto market, permitting customers to deposit and open positions with Tether (UDST).
Gibraltar-based COTI defined that the brand new index permits merchants to open CVI positions for top and low volatility. “Customers who anticipate volatility to extend can open a CVI place. If right, they’ll take revenue by promoting their place as soon as the index has risen,” COTI wrote.
In distinction, merchants who anticipate volatility to stay low can present liquidity to the platform. If right, merchants will revenue by accumulating charges paid by merchants who’ve opened CVI positions.
CVI liquidity suppliers are required to deposit USDT for no less than 72 hours, whereas CVI merchants should keep an open place for at the least 6 hours earlier than promoting or closing it.
Customers can hyperlink their accounts to main wallets together with MetaMask or Belief Pockets. COTI plans so as to add Ether (ETH) and COTI token (COTI) as deposit tokens within the close to future.
With the CVI mainnet launch, customers may stake and unstake GOVI, which is the native governance token of the CVI index. The token permits customers to earn platform charges and take part in voting.