Important Notice
Deposits and withdrawals are not currently available for this coin.
Inverse Ethereum Volatility Index Token (IETHV) is a token that is part of the Volmex protocol. It's designed to track the inverse of the Ethereum volatility index price. This allows traders to express views on expected volatility in the Ethereum market.
IETHV increases in value as Ethereum's volatility decreases. It provides inverse exposure to Ethereum's volatility, thereby allowing traders to hedge against or speculate on changes in Ethereum's volatility. These operations are enabled through smart contracts within the Volmex protocol, which is built on the Ethereum blockchain.
The potential use cases for IETHV include:
IETHV was launched for trading on June 28, 2021. The token is an integral part of the Volmex.finance protocol, enabling VIX-like indices for crypto-assets. Notable trading platforms for IETHV include Quickswap and Uniswap V3 on the Polygon network.