.0 Launching: CVI V4.0
- Peter Johnson

- Dec 7, 2023
- 10 min read

CVI is delighted to present CVI v4 - the most significant launch since the platform began in 2021! With a set of five amazing improvements designed to revolutionize crypto volatility trading, including the Hedged Theta Vault, Ultra CVI, leveraged volatility trading and an innovative Referral Program, CVI is now the most comprehensive cryptocurrency platform available.
As the crypto market has observed the success of traditional VIX-based volatility trading tools such as UVXY and VXX, there has been anticipation of something similar taking root in the cryptocurrency space. The Hedged Theta Vault, Ultra CVI and leverage trading options that we have constructed are designed to make the trading experience both simple to understand and powerful, pioneering a whole new level of crypto volatility trading.
We're introducing a new Referral Program to thank our community and affiliates for their contributions to our success. This program will be an important component of the CVI journey, providing tangible rewards for their participation and assistance.
Be a part of this incredible journey with CVI as we break down the details of these new functions!
Introducing Ultra CVI - the long-awaited addition to the CVI ecosystem. This innovative tool is set to revolutionise crypto volatility trading and reaffirm CVI's place at the forefront of the industry. Components
This article examines the mechanisms of Ultra CVI, which involves extending the features of its components.
Ultra CVI is structured to be 3x more expansive than CVI, with CVI cycling between 0–200 and UCVI cycling between 0–660. The idea is to furnish traders with a more powerful tool to exploit the natural volatility of the crypto market.
It is with great excitement that we unveil the new feature of the CVI platform: the Theta Vault provides up to 16x leverage for traders. This remarkable progression ups the ante in trading, granting users access to leverage that will bring forth unprecedented opportunities for strategic success and optimization.
A number of important characteristics are possessed by the product.
The product has a variety of key features. These include…
The product boasts a number of noteworthy qualities. They include…
The Theta Vault now equips traders with the ability to increase their trading power up to 16x, a level of leverage that has never before been seen. This rise in leverage gives traders more scope to employ more intense trading strategies, so that they can take advantage of market fluctuations to an unprecedented extent.
When used together with Ultra CVI, this two-tiered system produces a staggering ~48x leverage in comparison to the baseline CVI index, providing a ~3x increase in power. Together, they make up the most powerful on-chain leveraged volatility tool accessible today.
This pair of features provides traders with a great deal of leverage and ensures efficiency. The leverage is specifically designed for capital efficiency, granting traders the ability to maximize their returns while controlling their risk levels.
Leverage transmutes CVI into a novel and potent trading tool. It obtains distinction in the DeFi realm, furnishing dealers with a matchless chance to engage with market volatility.
This development goes beyond just bigger numbers; it creates myriad opportunities for our traders. The increased leverage affords traders greater flexibility, responsiveness, and potential strategies. It is tailored for those wanting to assume more risk to reap greater rewards and those aiming to employ more sophisticated trading approaches.
We are thrilled with the opportunities that leverage brings, but we also urge our traders to exercise caution when trading. The higher the leverage, the higher the potential returns, but it comes with more risk. Hence, it is essential to assess individual risk tolerance and objectives before using these products.
The Hedged Theta Vault has revolutionized the field of liquidity risk management. It is an innovative system which has drastically altered the way that liquidity risks are managed.
CVI is delighted to introduce the Hedged Theta Vault - a further development of our existing Theta Vault. This extension provides the same high yields as the past Theta Vault from CVI v3, but with a reduced risk profile due to the combination of hedging techniques and improved funding rates. The Hedged Theta Vault is estimated to generate an APR of 10-20%, with funding rates reduced to 50%.
CVI is thrilled to present the Hedged Theta Vault, a new innovation that builds upon the successful features of our prior Theta Vault from CVI v3. This extension delivers the same great yields, with an APR of 10-20%, while also minimizing risk through hedging techniques and reducing the funding rates to 50%.
The Hedged Theta Vault is our solution to any worries. This advanced system provides the possibility of reducing funding rates and amplifying the possibilities of our leveraged volatility product. We believe this will cause a notable increase in TVL and consequently strengthen yields for the entire platform.
The Hedged Theta Vault places a strong emphasis on its shorting capabilities. It has been fortified with an Inverse platform that allows traders to open leveraged short positions on CVI. This will be revolutionary for lessening the dangers of long positions in the market. Every fresh long position on CVI spurs the vault to adjust and add liquidity to the Inverse platform thereby balancing the liquidity risks of long positions with tactical shorting.
The Hedged Theta Vault has a dynamic system for adjusting its funding rates which is in operation every two hours and is determined by the balance between Long Open Interest (OI) and Short OI.
If a long position is established without a corresponding short position, this indicates that the vault is only temporarily exposed, resulting in a higher funding rate for long positions going forward.
If traders open offsetting short positions, the funding rate for long positions stays the same, suggesting that long and short interests are in equilibrium.
Funding rates shall remain up-to-date with alterations in CVI, yet usage-dependent adjustments shall be strictly during the prescribed time slots. This allows market participants some protection versus sudden effects from voluminous trades, guaranteeing that any modifications to the funding rate occur incrementally and in an foreseeable manner.
In order to promote the sustainability and expansion of CVI, we are imposing a small 0.1% withdrawal fee in the Hedged Theta Vault. This fee serves to create an alternative income source for protocol/GOVI holders. Set at a low rate, this fee strives for a balance between generating income and keeping things simple for users.
Initially, the Inverse platform is only open to whitelisted market makers. Nevertheless, we are working on expanding its capabilities to all users, optimizing the process for ease of use. This will allow the vault to safely manage larger CVI positions without increasing its risk, thereby keeping funding rates low.
CVI is thrilled to witness the transformation of volatility trading as we roll out our latest innovations. Our relentless efforts to create state-of-the-art instruments for our users’ trading, hedging, and investing needs have enabled us to lead market trends. The Hedged Theta Vault is indicative of our ongoing commitment to providing cutting-edge solutions that keep up with the changing demands of the DeFi community.
Integrating bridge and swap capabilities into a system is a great way to enhance it. This combination creates a comprehensive solution that makes it easier for users to access various functions.
We've partnered with Socket to take your CVI experience to the next level with their advanced integrated bridge and swap feature. This addition is carefully crafted to give you an enhanced and seamless experience with multi-chain asset swapping. Now, with this feature in place, you can effortlessly move your assets around and be ready for action on CVI.
You can now easily transition your USDC onto the Arbitrum network with the aid of the integrated bridge.
2. Easy Exchange: In addition to linking, the swap function allows for instantaneous transformation of your possessions.
By integrating these features into our primary trading page, we have created a central trading hub on CVI, so that you no longer need to switch between various platforms to bridge or exchange your resources.
This technology helps to improve liquidity and efficiency on the CVI platform by allowing for easier transfer and conversion of assets.
In the past, CVI has been utilizing USDC.e, a bridged variation of USDC on Arbitrum. We are now switching to using the native version, so please remember to convert USDC.e to USDC prior to utilizing it on our platform.
CVI is delighted to present its keenly awaited Referral Program, which is going to completely alter your CVI experience. This program has been carefully designed to honor our affiliates and traders, taking your CVI journey to the next level. Here is a comprehensive look at this thrilling new evolution:
The cornerstone of the Referral Program is generating and governing exclusive referral codes. This is how it functions:
Users must link their wallet and make a transaction in order to create a distinct referral code.
Affiliates have the opportunity to create numerous referral codes, every one of which is connected to their wallet address.
Users have the option to select the referral code to be displayed on the "share position card".
It is essential that these referral codes can be applied to any website or post on the web2, thereby linking users to the CVI platform.
When one utilizes a referral link and connects their wallet address to the CVI.finance website, the address will be automatically associated with the referral code that is in the link.
If a trader has a referral code associated with their wallet address that they already have, then if they decide to use a different referral link, their referral code will be changed accordingly.
Only one referral code can be used by each trader and this code can be changed manually by the user.
It is important to remember that referral codes cannot be erased, neither by traders nor the affiliates who issued them.
Our CVI Referral Program features a multi-level structure with a variety of discounts and incentives for our devoted users.
Level 1: Those trading will receive a 5% discount, and referrers will receive a 5% rebate.
Traders who go for Tier 2 will receive a 10% reduction in price and referrers will be paid a 10% rebate.
At Tier 3, traders will receive a 15% discount, and referrers get a 15% rebate.
If a referrer is categorized as tier 2 and their referees reach a trading volume of 1 million USDC, the protocol will consequently generate fees at a rate of 0.14%, summing up to 1400 USDC. The referral reward is set at 10%, which means the referrer will gain a commission of 140 USDC.
Rewards are disbursed in USDC and affiliates can claim their rewards directly from the referral page, making the experience effortless and straightforward.
Notably, CVI reserves the right to alter these tiered discounts.
To rise in tiers, you must meet certain criteria.
Affiliates must have at least 10 active users utilizing their referral codes per month and a total monthly volume greater than $250,000 to move from Tier 1 to Tier 2.
Affiliates advancing from the second tier to the third must have a minimum of 20 people that make use of their referral codes per month and generate a total monthly volume of greater than $500,000.
Affiliates who satisfy the requirements will have the CVI squad manually advance them from Tier 1 to Tier 2.
Remember that the tier upgrades will apply to the whole of the account, so when an account is upgraded, the referral codes which were already existing and any which are newly made will be upgraded to the Tier status.
CVI has designed a special page devoted to referrals that is accessible to both affiliates and traders to ensure a unified experience., the process is extremely simple.
Affiliates will find the process simple and straightforward.
Generate additional referral codes to enhance your outreach.
Glean knowledge about the amount of traders you have caused to join, totality of opened & closed quantity of trades, and total reimbursements per recommendation code.
Monitor the timeline of rebate payments, including dates, figures, and transaction specifics.
Rewritten:
For those involved in trading
- Easily insert and update referral codes.
Access current data regarding the total amount of minting/burning and rebates distribution, with specified dates, amounts, and transactions documented.
We are thrilled to announce our Referral Program that will allow our community to grow even more through increased engagement and reward them for their involvement. We are dedicated to providing the best possible experience and this program is an important step in that direction.
It's important to recognize that CVI could modify the particulars of the program and parameters without prior notice. To stay up-to-date, look at our communication channels. has had a massive influx of customers
The CVI V4 Rewards Program has seen a huge surge in patrons.
We are thrilled to unveil our rewards program in connection with the launch of CVI v4! This initiative is aimed at showing appreciation for the engagement of our community members and motivating them to stay involved. It incorporates numerous rewards tailored towards different segments of the CVI environment.
Traders are eligible for a rebate based on the amount of fees they have paid over time. 50% of the open/close fees and 10% of the funding fees are qualifying for the rebate. For open/close fees, 100% of the fees are eligible in ARB, and for funding fees, 70% are rebated in esGOVI and 30% of them in ARB.
Stakers of GOVI will be given an extra bonus which is calculated according to periodic, unannounced snapshots of the amount staked. The bonus varies in scale as follows:
For a 10,000 GOVI purchase, there would be an opening/closing rebate of 60%, with 15% of the funding fees covered. For 25,000 GOVI, the opening/closing rebate would be 65% with 20% of the fees covered. If 50,000 GOVI were purchased, the rebate would be 70% with 25% of the fees covered. Finally, for 100,000 GOVI, the opening/closing rebate would be 75%, with 30% of the fees being taken care of.
The introduction of Ultra CVI and the Hedged Theta Vault heralds a novel period for CVI. This transformation brings us to the cutting edge of cryptocurrency volatility trading, providing unparalleled leverage even while retaining the staunch reliability and peerless craftsmanship synonymous with CVI.
A comprehensive revamp of the trading system has been enacted in the form of the Hedged Theta Vault. This development tackles the two major impediments of high funding rates and limited leverage, paving the way for smoother and more effective trading. Moreover, our Referral Program has been invented to reward and enhance the experience of the CVI community. These resplendent feats are a remarkable breakthrough in DeFi and offer users an innovative and effortless trading platform.
Greetings! You have arrived at the cutting-edge of volatility trading!
Are you still trying to figure out the new platform? We've created some tutorials tailored to assist you with that!
✏️ What is the process for opening a position? is a secure storage platform for digital assets.
🔑 Theta Vault provides a safe place for digital assets to be kept.
Our Referral Program rewards customers for introducing their friends and family to us.
Our customers are given a reward for bringing their friends and family to us. This is our Referral Program.
We welcome all to be part of our bustling community on our social networks. If you have any queries, our team & community are ready to help.
The URL for CVI Finance is https://cvi.finance.
This URL will take you to the GitBook documentation for CVI Finance: https://docs.cvi.finance/
Check out the official Twitter account for CVI: https://twitter.com/official_CVI
You can join the CVIOFFICIAL Telegram group via this link: https://t.me/cviofficial
Link to the Telegram channel: https://t.me/cvichannel
Join us on Discord at: https://discord.gg/yuDsy7SM2H
The Version 3 Litepaper of CVI can be accessed at https://cvi.finance/files/CVI.v3.Litepaper.pdf.
This document, the CVI White Paper, is available for download at https://cvi.finance/cvi-white-paper.pdf.



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