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- The Index allows DeFi users to either hedge against or profit from volatility in the crypto market.
- The index functions as a crypto version of the VIX (The S&P 500 Volatility Index), a real-time for market index representing the market's expectations for volatility forover the coming 30 days.
- COTI is the project behind the development and deployment of the CVI, which has at launched a decentralized trading system that enables a permissionless way to & positions on the index.