5130 cryptocurrencies
Total Market Cap $1,741.00B
24h Total Volume $33.65B

1x Short BTC Implied Volatility Token 1x Short BTC Implied Volatility Token star

99.00 (2.02%)

BVOL tokens are ERC20 tokens that attempt to track the implied volatility of crypto markets. BVOL tokens get their exposure to implied crypto volatility using FTX MOVE contracts.

There are two BVOL tokens: BVOL and iBVOL. BVOL attempts to track the daily returns of being 1x long the implied volatility of BTC; iBVOL attempts to track the daily returns of being 1x short the implied volatility of BTC.

Each BVOL token gets its price action by trading FTX MOVE contracts. For instance, say that you want to create $10,000 of BVOL. To do so you can send in $10,000, and the BVOL account on FTX buys $10,000 worth of FTX MOVE contracts. Thus, BVOL is now 1x long MOVE.

You can also redeem BVOL tokens for their net asset value. To do that, you can send your $10,000 of BVOL back to FTX, and redeem it. This will destroy the token; cause the BVOL account to sell back the $10,000 worth of MOVE contracts, and credit your account with $10,000.

This creation and redemption mechanism is what ultimately enforces that the leveraged tokens are worth what they're supposed to be.

Market Share 0.00%
Proof type
24h Open $4,909.00
24h Low $4,909.00
24h High $5,014.50
Price in BTC 0.10311664287791 BTC
Current Supply 910 IBVOL
Market Cap $455
24h Volume (coin) 4 IBVOL
24h Volume (currency) $20,331
24h Total volume (coin) 4 IBVOL
Volume 24H $20.64K
Last updated 2021-03-06 20:39:59 +00:00 GMT
ID Market Type Price Quantity Total
Date Price Volume

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