Live Inverse Bitcoin Volatilit price

1 1x Short BTC Implied Volatility Token (IBVOL) Rank 8044

$750

1x Short BTC Implied Volatility Token (IBVOL) Rank 8044

Website

0 IBVOL

1x Short BTC Implied Volatility Token (IBVOL)

IBVOL

Full Name

1x Short BTC Implied Volatility Token (IBVOL)

Symbol

IBVOL

Algorithm

ETH Token

BTC Price

0.04502138 BTC

BTC Market

0 BTC

BTC 24h Vol

0 BTC

Total Coins Mined

0 IBVOL

0 %

24h

0 %

1x Short BTC Implied Volatility Token (IBVOL)

Website

1x Short BTC Implied Volatility Token (IBVOL)

Description

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.

Full Name	1x Short BTC Implied Volatility Token (IBVOL)
Start Date	N/A
Algorithm	ETH Token
Proof Type	N/A
Website	ftx.com/trade/iBVOL/USD
Twitter	N/A
Facebook	N/A
Reddit	N/A
Block Number	N/A
Block Time	N/A
Block Reward	N/A
Total Coins Mined	N/A
Previous Total Coins Mined	N/A
Net Hashes Per Second	N/A