Pure volatility perpetuals are the most underrated instrument in DeFi right now BVIV and EVIV are simple and powerful, neatly synergizing the core benefits of options and perpetuals. Asymmetric (long vol) payoff function Volatility tends to spike abruptly and decay gradually (convex upside, concave downside), so long vol return distributions skew toward a fatter right tail. Statistical pull (short vol) advantage Spot BTC and ETH have no intrinsic pull toward a long-run average and can drift endlessly in either direction. Shorting them offers none of the built-in mean reversion that lends comparative predictability to short BVIV and EVIV positions. Dual leverage BVIV and EVIV perpetuals combine the implicit leverage of options with the margin-based leverage of perpetuals, allowing traders to lever up on indices with baked in nonlinear payoff functions. Options pain points eliminated No PnL erosion resulting from crossing illiquid option order book spreads. No expiries, strikes, or multi-leg gymnastics. No deterministic theta bleed; BVIV and EVIV maintain a constant 30D IV.

@volmexfinance spent years building and refining BVIV and EVIV, @GainsNetwork_io introduced them to DeFi, and now you can trade them with up to 100x leverage, one-click trading, and a buttery UX: BVIV: EVIV: