VibeDex

Vibe productize volatility of coins and tokens in decentralized world

[VibeDex @Vibedexdotorg]

Vibe is a DEX aiming to offer tradable volatility products of digital assets. We believe that trading is fundamentally about managing volatility. That is why Vibe is striving to dive deep into this niche.

[Deribit Insights @DeribitInsights]

1) Burning Man ending Summer an analogy for long-only accounts, with Crypto being dragged screaming by a theatre of Macro scenes.
But +ve Put Skew, -ve funding across ETH+BTC and little IV reaction to sudden Spot downdrafts suggest smart Funds been risk-off but +ETH Call spreads.

[VibeDex @Vibedexdotorg]

Norm Factor: ie normalizing factor. It’s used to reflect funding results and adjust mark price accordingly.

[VibeDex @Vibedexdotorg]

Users could obtain Kovan testnet ETH and USDT on https://t.co/evA04BeSDL. Please try it out!

[VibeDex @Vibedexdotorg]

BRV stands for bitcoin realized volatility, it tracks the performance of how volatile bitcoin price is in a given period of time.

[VibeDex @Vibedexdotorg]

Volatility usually has a certain range of moving. For example, bitcoin's volatility usually moves in the range of 50% to 150%. This attribute brings an advantage for yield farming players to participate in liquidity provider program as well as yield farming.

[VibeDex @Vibedexdotorg]

The payoff of the volatility product is linear. It's easy for users to understand and convenient for accumulating liquidity.

[VibeDex @Vibedexdotorg]

For vol token minters, debts would be liquidated once collateral ratio fall below 120%.

[VibeDex @Vibedexdotorg]

Users who stake liquidity provider tokens in farms can harvest VIBE protocol tokens to get rewards. Users could further stake VIBE tokens into VIBE bar and get involved in the protocol's ecosystem and revenue sharings.

[VibeDex @Vibedexdotorg]

There are two instruments in VIBE protocol at the moment, BRV = bitcoin reliased volatility, and BIV = bitcoin implied volatility. Usually BIV would be trading at premium against BRV. It could be a potential mean reversion strategy to be considered.🤖

[VibeDex @Vibedexdotorg]

On vibedex testnet, user could obtain USDT by clicking the icon "Faucet".

[VibeDex @Vibedexdotorg]

The minimum collateral ratio to mint volatility tokens are 120% in VIBE protocol. After minting, user would have both BRV / BIV debt as well as BRV / BIV token for sale.

[VibeDex @Vibedexdotorg]

If funding is more than 1.2%/day, an arbitrage window is open. One could simply mint vol token with 120% collateral ratio and sell those minted vol token at market price to immediately harvest a profit stems from spot price considerably higher than index price.

[VibeDex @Vibedexdotorg]

Funding rate is a mechanism to prevent deviation between derivatives and underlying. In $vibe we set 17.5 days to be the period which the difference between derivatives and underlying will be fully compensated to the counterparty.

[VibeDex @Vibedexdotorg]

If vol goes up, vol token will be sold to LP, which collects fees & positive funding and becomes net short vol position;
If vol goes down, vol tokens will be bought by LP, which collects fees & negative funding and become net long vol position.

[VibeDex @Vibedexdotorg]

$Vibe is staking friendly, here's why 👇

[VibeDex @Vibedexdotorg]

If you're tired of speculating vol directions, try to mint and stake as it will be immune to vol directional move.

[VibeDex @Vibedexdotorg]

The limited "price range" of volatility index makes it a perfect tool to mint, auto market make and stake to earn trading fee as well as protocol incentivies - without risking your capital to too much exposure of instrument price change.

[VibeDex @Vibedexdotorg]

$vibe :)

[AttraceNetwork @AttraceNetwork]

Attrace will sponsor 5 referral farms in $ATTR for the most popular tokens as voted by community

Nominate a token you believe in and win $100 in $ATTR

▶️Tag your favourite token (e.g. $ATTR) in the comment
☑️ We support #ERC20, @Uniswap traded tokens
https://t.co/aiO8g7YuGO

[VibeDex @Vibedexdotorg]

We welcome users to try out our testnet and join Telegram group https://t.co/gEE8mL1zce for discussion. Active testing and group discussion would be rewarded with $vibe.🥳🥳

[VibeDex @Vibedexdotorg]

This is our telegram: https://t.co/gEE8mLiCee

[VibeDex @Vibedexdotorg]

Our testnet is live! Feel free to check out: https://t.co/fcL2Qggccc