About Govi
CVI is a full-scale decentralized ecosystem that brings the sophisticated “market fear index” into the crypto market. Built on Ethereum and Polygon, it consists of an index that tracks the 30-day implied volatility of Bitcoin and Ethereum. The index ranges between 0 and 200 and is produced based on a Black-Scholes option pricing model, which computes the implied volatility of cryptocurrency option prices together with analyzing the market’s expectation of future volatility. The Index is live and running, presenting data that can be explored here: Using the index, people can have the same insights of the market that people looking into traditional markets have using the VIX, such as: Understanding the expected Volatility of the market, developing trading strategies for short-term gains, and hedging their portfolio against price fluctuations. CVI operates a permissionless and open-source protocol so any user can participate in the development of the network. The GOVI token is the governance token of the platform, and by staking their GOVI tokens, GOVI holders can also share fees from the CVI platform distributed as rewards.
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Market Stats
Market Cap
$487.08K
-2.91%
FDV
$496.65K
Circ. Supply
31M GOVI
Max Supply
32M GOVI
Total Supply
32M GOVI
Diluted Valuation
$498.00K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$31.55K
-6.65%
Volume (7D)
$218.03K
Volume (30D)
$989.48K
All time high
$7.91
Price Change (1Y)
-77.53%
Additional details
Market details
GOVI vs markets
↘ 85.27%
GOVI vs BTC
↘ 85.46%
GOVI vs ETH
↘ 85.17%
Tags
defi
derivatives
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xeEAA40B28A2d1b0B08f6f97bB1DD4B75316c6107 | |
Polygon | 0x43Df9c0a1156c96cEa98737b511ac89D0e2A1F46 | |
Arbitrum | 0x07E49d5dE43DDA6162Fa28D24d5935C151875283 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0155 | ↘ 3.07% |
1 Day | $0.0162 | ↘ 3.07% |
1 Week | $0.0151 | ↗ 2.50% |
1 Month | $0.0169 | ↘ 7.99% |
1 Year | $0.0691 | ↘ 77.53% |
FAQ
The Crypto Volatility Index (CVI) (formerly GOVI) is a decentralized VIX (Volatility Index) for crypto, allowing users to protect themselves against market volatility and losses. It is a full-scale decentralized platform that brings the sophisticated and popular "market fear index" to the crypto market. CVI aims to provide the most reliable DeFi tool suitable for analyzing volatility, hedging portfolios, and earning from being a liquidity provider.
CVI intends to be innovative and decentralized. It also means to be stable, transparent, informative, and reliable for cryptocurrency volatility information. The market fear index tracks the 30-day implied volatility of Bitcoin and Ethereum. The index ranges between 0 and 200. The index range is produced based on a Black-Scholes option pricing model. This pricing model computes the implied volatility of cryptocurrency option prices and analyzes the market's expectation of future volatility. Users can trade the CVI index, provide liquidity to get trading fees, and stake the LP tokens for providing liquidity and the GOVI token for additional rewards.
The GOVI token is an ERC-20-based token and a governance token for the platform. Users who stake the GOVI token on the platform share the platform's fees. GOVI holders may also receive a share of the collected fees. They can vote for the tradable assets, leverage used, deposit amounts, etc.
GOVI stakers can get their GOVI rewards automatically compounded within the CVI platform to benefit the project's long-term supporters. Once a user stakes the GOVI token on the CVI platform, users receive xGOVI, representing a share of the staking pool of the platform. This code of the xGOVI includes an auto-compounding feature, which means users need not claim and re-stake GOVI rewards regularly to increase their rewards. However, they can save the community time and network fees.
The total supply of GOVI is 32M tokens. Dr. Nir Haloani, Anton Suslonov, Yoni Neeman, and Tomer Armarnik are the core team members of the ecosystem.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#4527
Contributors
4
Posts
4
% About Govi
0.002%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
5.0 ★
Highlights
4 unique individuals are talking about Govi and it is ranked #4,527 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Govi has an average sentiment score of 5.0 out of 5. Finally, Govi is becoming less newsworthy, with 0 news articles published about Govi.
On Twitter, people are mostly neutral about Govi. There were 0% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Govi. 100% of tweets were neutral about Govi. These sentiments are based on 8 tweets.
On Reddit, Govi was mentioned in 7 Reddit posts and there were 7 comments about Govi. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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