Timothea Horwell | August 9 2021
Timothea Horwell | August 9 2021
It’s #COTIday on Orion Terminal! Trade, provide liquidity for, and farm COTI and GOVI on Orion Terminal with two new pools: COTI/BNB and GOVI/ETH.
Who is COTI?
COTI is a fully encompassing “Finance on the blockchain” ecosystem, specifically designed to meet the challenges of both centralized finance (fees, latency, global inclusion and risk) and Decentralized Finance DeFi (fees, clogging and complexity) by introducing a new type of DAG based base protocol and infrastructure that is scalable, fast, private, inclusive, low cost and is optimized for finance.
The Crypto Volatility Index (CVI) is a VIX for crypto, created by the COTI team and Prof. Dan Galai, the creator of the original VIX, in order to create a “market fear index” for the crypto market. CVI is a protocol tracking the 30-day implied volatility of Bitcoin and Ethereum. The index ranges between 0 and 200 and is produced based on a Black-Scholes option pricing model, which computes the implied volatility of cryptocurrency option prices together with analyzing the market’s expectation of future volatility. Using the index, people can have the same insights of the market that people that look into traditional markets have using the VIX: understand the expected volatility of the market, develop trading strategies for short-term gains, and hedge their portfolio against price fluctuations.
The GOVI token is a governance token for CVI. CVI operates a permissionless and open-source protocol so any user can take part in the development of the network. CVI includes a decentralized governance component, where holders of the GOVI token can vote on matters such as the tradable assets, leverage used, deposit amounts, platform fees and more. By staking their GOVI tokens, GOVI holders will also share fees from the CVI platform.
COTI + GOVI on Orion Pool
We’re incredibly excited to be adding two pools to Orion Pool today as part of our COTI Spotlight. Not only will this enable global access across CEX and DEX to COTI + GOVI, liquidity providers for the COTI/BNB and GOVI/ETH pools will be able to earn 0.3% pool fees + native farming rewards.
Trade COTI + GOVI on Orion Terminal now
3 Month Native Farming for COTI + GOVI
GOVI pool and farming:
Excited about the launch of COTI + GOVI on Orion Terminal? We are too.
To mark this day, we’ll be sharing exclusive content, competitions, and more throughout #COTIDay, with an opportunity to win COTI, GOVI + ORN over on Orion's Telegram at 2.30pm ET.
ORION x COTI Partnership
The launch of this pool and spotlight marks the first stage of Orion’s partnership with COTI, spanning a CVI integration into Orion Terminal, a Liquidity Boost Plugin partnership, and more to come:
COTI’s CVI: Volatility creates trading opportunities on Orion Terminal. But trading in a volatile market, as with trading in general, should always come from an informed position. The integration of COTI’s CVI into Orion Terminal will allow users to understand market volatility, develop trading strategies for short-term gains, and hedge their portfolio against price fluctuations - all on Orion Terminal.
Orion Liquidity Boost Plugin: enabling COTI-X immediate access to any source of liquidity in the market, from all centralized and decentralized exchanges, unlocking virtually limitless liquidity and tight spreads on all currencies within the COTI ecosystem. COTI-X forms a critical part of the overall COTI ecosystem, allowing COTI to bootstrap and supply liquidity to both the COTI network and external networks in a manner not previously possible. As such, Orion will play an integral role in bolstering the growth of the COTI network.
About Orion Pool
Orion Pool V2 launched on Tuesday, August 3rd. Now, any asset can list on Orion as easily as leading swaps, but with a number of industry-first benefits such as spotlighting, native farming, complex order types, global access across centralized and decentralized exchanges, and more.
With this launch, Orion Terminal became the only trading platform to enable decentralized access to centralized and decentralized liquidity sources in one place. Users can seamlessly trade across Orion Pool, CEXs, and DEXs directly from their wallet (without KYC and regardless of jurisdiction), and the order will always be routed to the liquidity source with the best price.
A significant number of projects are lined up to list - from million to billion dollar market cap projects. Any project can submit a pool on Orion now, with a review process in place initially to manage the on-boarding of new assets. We will remove this vetting process in time to allow any project or individual to instantly create a pool, with regular auditing and reviews in place to ensure the safety of Orion Terminal users. Learn how to create a pool here.
While any project can list on Orion Pool, Spotlight Projects will be chosen on a limited basis through partnerships and community voting. ‘Spotlight’ placements will initially be reserved for core partners, but will be opened up to other pools and projects based on applications. Apply here.
Stay tuned for more Spotlight projects, partners, and listings to come.