The Hidden Cost Every Prop Trader Faces: Collateral Inefficiency

In the fast-paced world of crypto trading, every dollar locked as collateral is a dollar that isn't generating alpha.

Whether you're running cross-asset hedges, basis trades, or exotic options strategies, today's centralized exchanges force you to over-collateralize positions — often by 50% to 70% more than needed. This hidden cost is even worse when trading across multiple venues with no unified risk management.

Example: On most CEXs, holding a long ETH and short SOL position still requires separate margin for each leg — even if the trade is structurally hedged. Go long BTC? You post $100. Go short ETH? Another $100. Even though BTC and ETH move together, you still need $200. With CVEX’s portfolio VaR, you might only need $50 — because the system recognizes offsetting risk across assets.

At scale, this collateral drag kills ROE (Return on Equity) for prop firms.

Meet CVEX: The First Decentralized Smart Clearing Layer for Derivatives

CVEX changes the game by introducing portfolio-margining — true capital efficiency — on-chain.

Built from the ground up for professionals, CVEX uses a deterministic Clearing Model based on Value-at-Risk (VaR) that captures real-time correlations and volatilities between assets.

Instead of treating every position in isolation, CVEX dynamically calculates how your entire portfolio behaves in market stress — lowering your required margin by 30-90% depending on your strategy.

Simple analogy: Trading long and short on a centralised exchange is like having a heater and air conditioner running at the same time — you’re burning energy on both sides. CVEX's Smart Clearing is like using a smart thermostat — it balances the temperature, so you only use the energy you actually need.

How CVEX Margining Works: Technical Power, Simple Outcomes

At the core of CVEX's advantage is its Portfolio Risk VaR model:

• Volatility and Correlation Inputs: CVEX uses historical covariance and a recency weighted volatility correlation to produce a correlation matrix, published by an oracle.
  
  
• Student-t Distribution Tail Risk: Models fat-tail events better than Gaussian VaR, critical for crypto’s high-volatility nature.  Options use a Gamma Adjustment model to mimic Extreme Value Theory in a computationally achievable way.
  
  
• Deterministic Loss Optimization, Not Black-Box Sampling: Instead of relying on opaque Monte Carlo simulations or slow-converging MCMC methods like Metropolis-Hastings, CVEX directly computes the 99.5th percentile loss through an optimization approach — avoiding portfolio gaps and false confidence from curve-fitting noisy return data.
  
  

The result:

• Perfectly hedged positions → near-zero incremental margin.
  
  
• Highly correlated longs/shorts → margin slashed by 50%+.
  
  
• Pure risk positions → fair, proportionate margin based on volatility.
  
  

Example:

• A BTC call spread (buy $50K call, sell $60K call) on Deribit still demands over 50% margin.
  
  
• On CVEX, if structured properly, the system recognizes limited downside and cuts margin to 10-15% of notional.
  
  

Real impact:

• Leverage up without increasing systemic risk.
  
  
• Release up to 90% of your locked capital back into trading strategies.
  
  
• Avoid inefficient liquidations caused by one-position drawdowns.
  
  

Numbers Don't Lie: CVEX vs CEX vs OTC

TL;DR: CVEX isn't just better — it's quantifiably better.

Why Prop Traders Should Care Now: The TGE Advantage

In parallel with opening up for trading, CVEX is preparing its Token Generation Event (TGE) for the native $CVEX token.

Early participants in the ecosystem can:

• Stake $CVEX for fee rebates and trading discounts.
  
  
• Vote on risk parameters and product expansions via decentralized governance.
  
  
• Share in the growth of DeFi's first truly scalable clearinghouse.
• Participate in the token “jump ball” program whilst adding volume
  
  

TGE Timeline:

• Pre-TGE Community Program: April 2025 (Ongoing)
  
  
• TGE Launch: May 2025
  
  
• Platform Expansion (Options Clearing): June 2025
  
  

Early participants are positioning themselves at the ground floor of what could become the "CME Clearing" of crypto, but decentralized and global.

Final Thought: Crypto Derivatives Clearing Is Being Rewritten

If you're:

• tired of overpaying in margin,
  
  
• wary of counterparty risk,
  
  
• looking to maximize capital efficiency,
  
  

then CVEX isn't "just another DEX."

It's the clearing layer professional crypto trading has needed for years.

Don't just trade. Trade smart.

Join CVEX today — clear faster, trade bigger, and finally unlock your full potential.

Learn More:

• Explore CVEX Documentation →
  
  
• Get Early Access to TGE →
  
  
• Join the Trader Community →
  
  

Disclaimer:

This material is provided for informational and educational purposes only and does not constitute financial or investment advice. Trading cryptocurrencies and derivatives involves risk. Always do your own analysis.

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The Hidden Burden: How Much Capital Are You Really Locking Away?

In professional crypto trading, collateral management is often the silent killer of performance.

You structure smart trades, hedge exposures, and time the market perfectly—yet your return on equity (ROE) looks anemic because too much capital sits idle as margin.

On most centralized exchanges (CEXs) like Deribit, Binance, and OKX:

• Each position demands isolated collateral.
  
  
• Cross-asset hedging receives little to no credit.
  
  
• Volatility shocks trigger unexpected margin calls even on risk-neutral portfolios.
  
  

This capital drag is massive.

Example: A prop trading desk running a delta-neutral BTC options book often locks 60-80% more collateral than its true risk profile would justify.

Multiply that by hundreds of positions, and you’re sitting on millions—frozen.

CVEX Changes the Game: Smart Clearing for Real Capital Efficiency

CVEX introduces decentralized smart clearing — a first for crypto derivatives.

Powered by a deterministic Value-at-Risk (VaR) margin engine, CVEX allows traders to:

• Post one collateral pool across all positions.
  
  
• Unlock 30% to 90% more usable capital.
  
  
• Achieve portfolio-wide cross-margining automatically.
  
  

How CVEX Margining Works

Imagine you’re balancing a see-saw.

• On CEXs, each side of the see-saw is weighed separately—no offset recognized.
  
  
• On CVEX, the full structure is assessed—weight that balances cancels out.
  
  

Technically:

• CVEX measures real-time volatilities and correlations.
  
  
• It models "worst-case" loss using heavy-tailed Student-t distributions (perfect for crypto's crazy volatility).
  
  
• It deterministically calculates the exact margin needed—no guesswork, no overkill.
  
  

Analogy: Trading on a CEX is like packing for a trip by carrying each item individually. Trading on CVEX is like using smart luggage that balances and compresses everything efficiently.

Real Numbers: CVEX Capital Savings in Action

Impact:

• More active positions with the same capital.
  
  
• Higher flexibility for hedging and risk management.
  
  
• Stronger liquidity provisioning (especially in options markets).
  
  

Why CVEX's Model is Built for Prop Traders

• Deterministic & Transparent: Same inputs = same outputs. No black-box margin games.
  
  
• Instant Solvency Proof: Collateral is held on-chain, auditable in real-time.
  
  
• Dynamic Portfolio Recognition: CVEX constantly updates margin based on live market dynamics.
  
  
• Risk-First Philosophy: Margining truly reflects portfolio risk, not arbitrary haircuts.
  
  

With CVEX, you don’t just post less collateral—you trade smarter.

Bonus: Position for the Future with CVEX's TGE

As CVEX revolutionizes clearing, the $CVEX Token Generation Event (TGE) offers traders an additional opportunity:

• Stake $CVEX for fee rebates and priority access.
  
  
• Vote on protocol governance to influence product expansion.
  
  
• Participate early in what could become the "decentralized CME Clearing" of crypto.
  
  

Timeline:

• Pre-TGE Campaign: Live now!
  
  
• TGE Launch: May 2025
  
  

Don't just free your capital—own a piece of the future of DeFi clearing.

Final Takeaway: Stop Letting Your Capital Sit Idle

If you're serious about:

• Scaling your trading strategies,
  
  
• Maximizing your ROI, and
  
  
• Protecting your downside with smarter margining,
  
  

then CVEX is the platform you've been waiting for.

The age of fragmented collateral and black-box margining is over. The future is deterministic, transparent, and capital-efficient.

Unlock your capital. Trade smarter. Move to CVEX.

Explore CVEX:

• Documentation →
  
  
• Join Early TGE Access →
  
  
• Follow Us for Updates →
  
  

Disclaimer:

This material is provided for informational and educational purposes only and does not constitute financial or investment advice. Trading cryptocurrencies and derivatives involves risk. Always do your own analysis.

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A Rare Moment in Crypto: Building the Infrastructure Layer

Every few years, a project comes along that doesn’t just offer another token — it builds essential infrastructure and defines a new category in Defi.

CVEX is doing exactly that.

With its upcoming Token Generation Event (TGE) soon in 2025, traders, investors, and builders have a unique opportunity to be part of the first truly decentralized clearinghouse for crypto derivatives.

Not another DEX. Not another CEX. CVEX is the clearing layer that unlocks the future of capital-efficient, transparent, on-chain trading.

Think of it like this: if Uniswap built the pipes for spot trading, CVEX is building the pipes for the $30+ trillion crypto derivatives market.

And you can be a founding participant.

What Makes CVEX Special: Real Innovation, Not Hype

Here's why CVEX is a genuine infrastructure play:

• Smart Clearing: True portfolio margining and cross-asset risk optimization—live on-chain.
  
  
• Deterministic Clearing: No opaque algorithms. Same inputs = same outputs. Fully auditable.
  
  
• Self-Custody Collateral: Collateral remains under trader control. No CeFi custody risks.
  
  
• Real-Time Solvency Proof: Overall risk visible on-chain 24/7.
  
  

In numbers:

• Collateral efficiency improved by 30-90% over CEX and OTC models.
  
  
• 77+ smart contracts deployed on Arbitrum One.
  
  
• First full DeFi clearinghouse for both futures and options.
  
  

Simply put: CVEX is clearing made for crypto’s speed, transparency, and global accessibility.

The CVEX Token ($CVEX): More Than Just a Token

The upcoming $CVEX token isn’t just for speculation. It’s integral to the system’s governance, economics, and growth.

Key Benefits for Token Holders:

• Fee Reduction: Stake $CVEX to get major discounts on trading fees.
  
  
• Governance Rights: Propose and vote on risk parameters, new product listings, incentive structures, and more.
  
  
• Protocol Rewards: Earn a share of protocol revenues (20% of total fees distributed via staking).
  
  
• Early Participation Perks: Access future airdrops, loyalty programs, and trading competitions.
  

Timeline: How to Get In Early

How to Participate:

1. Register for Early Access: Sign up on cvex.xyz
   
   
2. Join the Community: Get updates via Telegram and X (Twitter).
   
   
3. Prepare to Stake: Plan to stake $CVEX to maximize your benefits.
   
   
4. Spread the Word: Help build the future of decentralized derivatives infrastructure.
   
   

Pro Tip: Early users get exclusive advantages in staking and trading programs—be there before the crowd.

Why Timing Matters: The Strategic Land Grab

CVEX isn’t entering a saturated market—it’s entering a $30+ trillion clearing opportunity to enable defi to fight for a $1.4 quadrillion RWA market.

Traditional clearing (CME, ICE, EUREX) dominates TradFi. DeFi has nothing comparable yet.

In numbers:

• Crypto derivatives open interest already exceeds $450 billion (CEX and OTC combined).
  
  
• Clearing inefficiency ties up $60+ billion in excess margin.
  
  
• DeFi derivatives clearing = <2% of total crypto volumes—ripe for explosive growth.
  
  

Early movers in infrastructure plays — whether it was Uniswap, Aave, or Lido — captured huge market shares that became almost unassailable.

This is that moment for clearing.

Final Call: Build with CVEX

• Tired of opaque, centralized exchanges?
  
  
• Ready to trade with maximum capital efficiency?
  
  
• Want to shape the next layer of crypto financial infrastructure?
  
  

Then the CVEX TGE is your opportunity.

Be a founder of the future of DeFi clearing.

Join CVEX. Own the clearing layer.

Get Started Now:

• Register for TGE Early Access →
  
  
• Read the Docs →
  
  
• Join the Community →
  
  

Disclaimer:

This material is provided for informational and educational purposes only and does not constitute financial or investment advice. Trading cryptocurrencies and derivatives involves risk. Always do your own analysis.

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The Big Problem: Why DeFi Options Have Been Broken

Options are one of the most powerful tools in trading. Yet in DeFi, options protocols have struggled to gain serious traction with professionals and institutions.

Why?

• Collateral Inefficiency: Traders often have to over-collateralize by many multiples of actual portfolio risk.
  
  
• Isolated Risk: In Defi no cross-asset margining; every option is treated in isolation.

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• Support OTC: No Defi protocols to date support OTC trading.  The dominant mechanic in the market across all options markets.  Matching will happen bi-laterally, but clearing needs to be pooled.

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• No Delta Hedge: No Defi protocol enables a delta leg to offset risk in the same margin pool.
  
  
• Custody Risks: CeFi venues require giving up asset control, exposing traders to counterparty failures.
  
  
• Poor Liquidity: Without efficient clearing, spreads are wide and sizing is small.
  
  

Case Study: A market maker providing liquidity on an AMM-based DeFi options platform needed 300% margin for a basic call spread. In TradFi or on Deribit, the same structure needed only ~20% margin.

In short: Options trading was expensive, risky, and inefficient in DeFi.

Until now.

Enter CVEX: Clearing Options the Right Way, On-Chain

CVEX brings institutional-grade clearing to DeFi options—without sacrificing transparency or custody control.

Here's how:

1. Smart Clearing with Dynamic Portfolio Margining

CVEX doesn't margin positions one-by-one. It uses a Value-at-Risk (VaR) approach across the entire portfolio.

• Long options offset short options.
  
  
• Hedged spreads get proper margin credits.
  
  
• Volatility surfaces dynamically adjust margin as market conditions change.
  
  

Result: Margin reflects actual portfolio risk, not arbitrary per-position haircuts.

Example: Running a BTC call spread (long $50K call, short $60K call)

• Traditional CEX margin: ~$25,000 locked.
  
  
• CVEX margin: ~$5,000 locked.
  
  
• 80% less collateral needed—freeing capital for other trades.
  
  

2. Deterministic Risk Engine

Margin calculations are transparent, auditable, and deterministic:

• No hidden "trust us" black boxes.
  
  
• Same inputs always produce the same margin outputs.
  
  
• Built-in risk oracles feed real-time volatilities and correlations.
  
  

This makes CVEX’s clearing system trustless yet verifiable—exactly what institutions demand.

3. Self-Custody Collateral Management

On CVEX:

• Traders retain ownership of their collateral at all times.
  
  
• Smart contracts only conditionally control assets (e.g., liquidation triggers), never through custodial wallets.
  
  

Compare that to centralized options venues, where a user's collateral can be frozen, misused, or lost during insolvency events.

In DeFi, control equals security.

Why Institutions and Pros Are Paying Attention

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Example: An institutional desk clearing $50M notional of options saves up to $35M in margin when trading via CVEX instead of a traditional CEX or DeFi AMM. That’s real capital back into strategies, not sitting idle.

Key Points Institutions Care About:

• Proof of Solvency: All margin balances visible on-chain.
  
  
• Risk Governance: CVEX allows token holders to vote on risk parameters.
  
  
• Compliance Compatibility: Options to gate certain pools for KYC'd institutional access in the future if needed.

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CVEX: Unlocking the Future of On-Chain Options

With CVEX's launch:

• Options trading becomes capital-efficient enough for serious players.
  
  
• Risk management becomes transparent and programmable.
  
  
• Collateral stays safe, decentralized, and always in your control.

• OTC Supported from Day 1.
  
  

This isn’t just an upgrade. It’s the missing infrastructure that makes real on-chain options liquidity possible.

Quote: "Clearing isn't just another trading venue feature. It's the foundational layer. Without smart clearing, options markets can't scale. CVEX fixes that." — Institutional Crypto Trader, 2025

The market trades OTC and will continue to trade OTC, on Orderbook trading will exist to support gamma adjustments and retail.  Clearing will enable balance sheet exposure reduction, counterparty risk reduction and free up capital for trading whilst retaining the same workflow for complex price discovery.

How to Get Involved

• Start Trading: CVEX mainnet is live—trade futures today and get ready for options launch.
  
  
• Participate in the TGE: Stake $CVEX to shape the future and earn rewards.
  
  
• Build on CVEX: If you're a DEX, options venue, or OTC desk—integrate CVEX's clearing for your backend.
  
  

The on-chain options market is about to take off. CVEX is the launchpad.

Don't miss it.

Learn More:

• Explore CVEX Documentation →
  
  
• Join Early Access to TGE →
  
  
• Follow CVEX on X (Twitter) for updates →

Disclaimer:

This material is provided for informational and educational purposes only and does not constitute financial or investment advice. Trading cryptocurrencies and derivatives involves risk. Always do your own analysis.

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If you are a trader and actively trade on crypto exchanges using leverage, you have probably encountered a number of unpleasant situations. For example, you want to open more positions, but suddenly you run out of spare funds. This is because every position requires collateral. And the more positions you have, the more locked capital you have. As a result, you cannot realize even half of your trading ideas.  Only those that are directional are affordable.

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This is a systemic problem of most exchanges Binance, Hyperliquid, OKX and others. They require a separate margin for each position. But there is a solution that already allows traders to trade many times more efficiently and without fear of liquidations.

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If, after reading this article, you would like to try out your new knowledge in practice, we are waiting for you at CVEX!

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Why Do Traders Lose Capital Efficiency?

On popular centralized and decentralized exchanges, margin is calculated separately each time a trader opens a position. This means that each trade is treated separately, and each one requires a different margin.

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For example, you open Long on BTC for $10,000 with 10x leverage, the exchange locks $1,000. Do you want to open another position, say, on ETH? You need another $1,000 of collateral. The exchange does not take into account that these positions could hedge each other or reduce the overall risk. It just demands more money. And if the price goes against the trader, he will be liquidated, even if the whole portfolio is fine from a risk perspective. 

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So, traders lose:

• Freedom to identify and trade arbitrage opportunities
• Reduced returns on trades
• Money on liquidations

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Is there any other way?

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CVEX's Solution

At CVEX, we have solved this problem with smart clearing based on the Value at Risk (VaR) model. This means that we don't look at each trade individually, but rather we evaluate the entire portfolio as a whole.

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If the positions balance the risks, we block only the minimum amount of capital. And if the market is volatile, but positions remain balanced, the user continues to trade without liquidations.

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An example from one of the traders:

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We didn't just recalculate margins. We've revised our entire approach to risk management. Here are the main differences:

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This is smart clearing, a system that takes real risk into account, not just locking capital.

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What is Value at Risk (VaR)?

VaR is a statistical approach that calculates how much a portfolio can lose over time, given a given probability level. It takes into account:

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1. The overall composition of the portfolio
2. Asset volatility
3. Correlations between positions

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If the risk is low, the collateral is kept to a minimum. In this way, liquidity can be maintained, and is less dependent on random market fluctuations, the risk of forced liquidations can be reduced.

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Read more about the model in our whitepaper: https://docs.cvex.xyz/margin-and-liquidations/value-at-risk-model 

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Start Trading Smarter with CVEX

Most platforms keep your capital locked and your options limited. CVEX changes that.

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Thanks to smart clearing and portfolio-based margining, traders now unlock capital they used to waste — and trade with confidence, not fear.

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And that's just the beginning. In the very near future we will be holding a Token Generation Event (TGE). This means that a trader will not only be able to use the platform, but also become a part of it by gaining access to the token and growth opportunities of the CVEX ecosystem.

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If you want to experience all the benefits of portfolio margin and smart clearing in practice, follow the link and connect your wallet to CVEX: https://app.cvex.trade/.

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Stay tuned so you don't miss the TGE:

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Telegram: https://t.me/cvex_xyz 

Twitter: https://x.com/cvex_xyz 

Discord: https://discord.com/invite/DRma7Z9BTz 

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Disclaimer:

This material is provided for informational and educational purposes only and does not constitute financial or investment advice. Trading cryptocurrencies and derivatives involves risk. Always do your own analysis.

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CVEX is thrilled to introduce our very own Telegram Trading App. It’s a major step forward in bringing DeFi clearing infrastructure to the masses. With millions of traders and crypto enthusiasts already active in the Telegram ecosystem, we’re making crypto futures trading easier, more secure, and cost-efficient. Right where you are.

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To help you get started, we’ve created a simple, step-by-step onboarding guide tailored specifically for our TG community.

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Disclaimer: This guide is for informational purposes only and does not constitute financial advice or a call to action. The features and functionalities described in this text may differ from those available in the actual application or may not be implemented at all. Always conduct your own research and trade responsibly.

Authorisation 

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Unlike traditional Telegram-based exchanges, our authorisation process follows a different sequence of steps. This approach allows us to maintain full compatibility with EVM and the Arbitrum blockchain, ensuring lower fees and faster transactions. Now, let's walk through the sign-up process.

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Step 1: Create a PIN Code

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After clicking “Sign Up”, you’ll be prompted to set up a PIN code. This PIN is your first layer of security, protecting your account from unauthorised access. Enter a secure PIN and confirm it to proceed.

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Step 2: Set Up a Recovery Method

Forget complicated seed phrases! We've opted for a more familiar and user-friendly recovery method: security questions. If you ever need to restore access, simply answer a control question. Just like in the early days of the internet.

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Example:

What was the name of your first pet?

→ Satoshi Liquidoto

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You can find a visual guide in the screenshots below.

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Step 3: Final Confirmation

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⚠ Important: If you forget both your PIN and recovery answers, you will lose access to your wallet. We highly recommend writing them down and keeping them safe.

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To finalise your setup, simply type “I agree” and click Continue on the confirmation screen.

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Once you’ve completed these steps, you’re all set to start trading seamlessly within Telegram! 

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Depositing

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To trade, you’ll need stablecoins, right? We’ve made depositing as effortless as possible. So, even if it’s your first time dealing with crypto, you’ll know exactly what to do.

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You’ll have three options to deposit:

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• USDC via Arbitrum One
• TON or USDT via TON network
• Almost every other crypto via ChangeNow network
• Fiat (coming soon)

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Here’s how it works:

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Step 1: Setting Up Your Deposit

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Tap “Deposit” on the Home page. Next, choose your preferred payment method and enter the amount of crypto you’d like to deposit (ChangeNow and TON network) or just copy the address (using Arbitrum One). Whether it’s a stablecoin or any other crypto, we’ve got you covered. 

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Pay attention that your deposit will be automatically converted to USDC.

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Step 2: Review & Proceed

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Before sending funds and approving, double-check all transaction details. Then copy the address (for TON and Arbitrum One) and send the amount of funds you want to deposit. When it’s done, hit “I’ve sent funds” to move forward.

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Step 3: PIN & Final Confirmation

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For security, enter your PIN code (the one you created during authorisation). Then, wait a little bit until the blockchain proceeds your transaction.

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When the transaction will be finished, you’ll receive a notification. 

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Please carefully read all the instructions on the screen during depositing. Features are subject to change without prior notice, so this guide may be irrelevant at some points.

Trading

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Trading on CVEX’s Telegram app is designed to be effortless, even for first-time users. Just follow these three simple steps:

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Step 1: Choosing a Contract

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Head over to the “Trade” tab. At the top of the screen, you’ll find a list of available contracts. Select the asset you want to trade. Let’s use BTC as an example.

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Step 2: Placing an Order

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Currently, the app supports market orders for buying and selling. Simply choose whether you want to open a long or short position, then enter the amount of stablecoins you’d like to trade.

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Step 3: Confirming Your Order

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To finalise your trade, confirm the transaction in your wallet and enter your PIN code for security.

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Once your first position is open, you can track your portfolio anytime in the “Home” tab. Happy trading! 

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‍

With the launch of CVEX Mainnet, a new challenge begins—CVEXtopia. This interactive experience puts you in charge of Pepe the Trader, where your trading activity helps him grow stronger. Complete quests, earn XP, and move up the leaderboard to claim your place among the top traders before TGE.

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Note: Please keep in mind that the CVEXtopia design or task list you see below may differ from the final version and is a simple illustration. 

Step 1: Connect Your Wallet

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To enter CVEXtopia, the first thing you need to do is connect your crypto wallet. This will allow you to access all features and start completing quests. 

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If you’re unsure how to connect, check out our Mainnet Guide (Step 1) via this link: https://cvex.xyz/post/cvex-mainnet-guide 

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Once you’re in, Pepe the Trader is waiting for you.

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Step 2: Complete Quests

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CVEXtopia is made up of several islands, each offering different challenges. The further you go, the harder the tasks become, but the rewards grow too. Your journey begins on the first island, which is unlocked from the start. Click "Enter" to access your first set of tasks. 

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Complete them to earn XP, level up Pepe, and move forward. Make sure to claim your rewards after completing each task, as progress won’t count unless you do.

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Step 3: Take On Daily Tasks

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Aside from the main quests, Pepe needs daily training to stay competitive. The Daily Tasks section offers fresh challenges every 24 hours, giving you extra XP and a chance to move up the rankings. Enter the tab, follow the instructions, and claim your daily rewards. 

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Just remember: tasks reset every day, so don’t miss out.

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Step 4: Boost XP with Position Power

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If you want to gain XP faster, the Position Power feature is your best bet. Open a position in any of the listed contracts and hold it for as long as possible. The longer you keep it open, the more XP you earn. 

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This is the quickest way to surpass your competitors and climb the leaderboard.

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Step 5: Track Your Progress

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After grinding through quests and challenges, you’ll want to see how you compare to others. Click on "Leaderboard" in the top-right corner of the screen to check your rank. Your position depends on the total XP Pepe has accumulated. The more challenges you complete, the higher you’ll climb.

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Wrapping Up

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The countdown to TGE is on, and the competition is heating up. Train Pepe the Trader, complete tasks, and secure your place among the top traders before it’s too late. 

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Trade smart, move fast, and claim your rewards in CVEXtopia!

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⚠️ Disclaimer: Some CVEXtopia tasks may require the use of real funds. Crypto Valley Exchange is not responsible for any financial losses resulting from user actions. Always do your own research and trade responsibly.

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Disclaimer: This guide is for informational purposes only and does not constitute financial advice or a call to action. Some platform features described here may not be fully implemented at the time of reading or may not be implemented at all. Always conduct your own research and trade responsibly.

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Welcome to the Future of Decentralised Trading!

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The CVEX Mainnet is officially live and ready to welcome crypto traders worldwide! Whether you’ve been with us since the testnet days or are just discovering us now, CVEX is here to revolutionise decentralised derivatives trading.

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At CVEX, we combine high leverage, advanced risk management, and a pioneering VaR margin system with a first-of-its-kind protocol for crypto futures clearing. Our platform bridges the gap between traditional finance and crypto, offering tools once exclusive to Wall Street traders. And we’re just getting started!

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Step 1: Connecting Your Wallet

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To start trading, you’ll need to connect your crypto wallet. CVEX supports hundreds of EVM wallets, so you can choose your favourite.

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1. Click "Connect Wallet" in the top-right corner of the terminal.

2. A "Welcome to CVEX" window will appear, with instructions, terms of service, and a button to proceed.

3. Select your wallet. For this guide, we’ll use MetaMask as an example.

4. Confirm the connection in your wallet interface. This step ensures security, no funds are accessed during this process.

5. Verify wallet ownership when prompted by signing a simple message.

6. Once connected, your wallet address will appear in the top-right corner of the website.

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Step 2: Depositing Funds

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Depositing is quick and commission-free on CVEX:

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1. Click "Increase Balance" in the terminal's right panel.
2. Specify the deposit amount and blockchain.
3. Confirm the transaction in your wallet, and funds will appear in your account.

Important:

If you are depositing from any network other than Arbitrum—Base, Solana, Optimism, Etherium—then you need to take an additional step. After confirming the transaction in your wallet, go to the ‘Funding History’ tab and click ‘Claim’ on the transaction you are interested in. The ‘Claim’ button may appear within 20-40 minutes after confirmation.

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Step 3: Placing Your First Trade

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Trading on CVEX is streamlined for efficiency:

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1. Select your desired contract from the menu on the left.
2. Set order parameters (e.g., long/short, limit/market, quantity, price).
3. Review the impact on your portfolio in the preview panel.
4. Click "Place Order" to execute your trade.

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Step 4: Managing Positions

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Keep track of your trades and performance easily by monitoring active trades in the Open Positions tab, where you can also update take profit or stop loss settings or close positions manually. Review your past trades and analyze performance in the Transaction History section. You can also manage pending orders in the Open Orders tab before they are executed.

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Step 5: Withdrawing Funds

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When you’re ready to withdraw, here’s how:

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1. Navigate to "Account Details" in the bottom-right corner.
2. Click "Withdraw" and specify the amount and blockchain.
3. Confirm the transaction. 

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Important:‍

1. Only USDC not used as margin can be withdrawn.

2. If you are withdrawing to any network other than Arbitrum—Base, Solana, Optimism, Etherium—then you need to take an additional step. After confirming the transaction in your wallet, go to the ‘Funding History’ tab and click ‘Claim’ on the transaction you are interested in. The ‘Claim’ button may appear within 20-40 minutes after confirmation.

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Wrapping Up

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CVEX offers much more than what’s covered here, from additional features to advanced settings for pro traders. Dive in, explore, and connect with our vibrant community to unlock the full potential of CVEX.

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Happy trading!

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17.01.2025 – Crypto Valley Exchange (CVEX), an innovative decentralised derivatives exchange (DDEX), has officially launched its mainnet, opening the doors for all traders. CVEX aims to bridge the gap between traditional finance and crypto trading, offering tools and functionality that were once exclusive to Wall Street.

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At the heart of CVEX are two groundbreaking components:

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The Trading Terminal – Providing high leverage, advanced risk management features, and the unique VaR margin system, CVEX empowers traders with the tools needed for secure, capital-efficient trading.

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The CVEX Protocol – A pioneering infrastructure for futures clearing in crypto markets. This untapped space has the potential to revolutionise how traders transition from traditional finance to the cryptocurrency sphere. CVEX Protocol lays the foundation for broader crypto adoption and encourages innovation. CVEX Labs has hinted at future opportunities for developers to build their own projects on the protocol, although details are yet to be revealed.

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The mainnet launch follows the successful completion of the CVEX testnet, which saw over 140,000 users executing millions of transactions. With a thriving community of more than one million members across social platforms, CVEX is set to continue its growth and innovation.

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Looking ahead, CVEX is already working on several exciting updates:

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• Options Trading – Expanding the platform's offering with new derivatives products.
• Token Generation Event (TGE) – Introducing the $CVEX token to the market.
• More Trading Features – Future updates will include tools like adjustable leverage sliders, an expanded order list, new contracts, and more to enhance the trading experience.

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“The launch of our mainnet marks a significant step forward,” said James Davies, CEO of Crypto Valley Exchange. “Our mission has always been to bring the sophistication of traditional finance tools to the world of decentralised crypto trading, and this is just the beginning.”

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For more information on CVEX and to start trading, visit https://cvex.xyz.

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About Crypto Valley Exchange (CVEX)

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Crypto Valley Exchange (CVEX) is at the forefront of the decentralized derivatives exchange space, redefining futures and options trading in crypto markets. With a focus on advanced risk management, high leverage, and unmatched efficiency, CVEX is committed to creating a seamless trading experience for retail and institutional traders alike.

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Join CVEX Community:

👉 Website: https://cvex.xyz 

👉 Twitter/X: https://x.com/cvex_xyz 

👉 Telegram: https://t.me/cvex_xyz_ann

Decentralized exchanges (DEXs) have reshaped crypto trading by offering a permissionless and trustless environment. However, they still fall short in one crucial aspect—capital efficiency. Unlike traditional finance, where clearinghouses ensure smooth derivatives trading, DeFi lacks a proper clearing infrastructure.

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This is where CVEX Protocol changes the game. CVEX is building the first decentralized clearing protocol, bringing capital efficiency, risk optimization, and institutional-grade trading tools to crypto derivatives. We built our protocol using Arbitrum Stylus. Thanks to Stylus, we can fully exploit the potential of Rust, WASM, and LLVM to create advanced and efficient smart contracts, all while preserving complete interoperability with the entire Ethereum ecosystem. This makes Stylus the only real choice for us to implement fully functional portfolio margin management for derivatives trading on-chain.

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What Is CVEX Protocol?

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At its core, CVEX Protocol is a decentralized infrastructure built for clearing derivatives in DeFi. It provides an advanced clearing mechanism that reduces collateral requirements, guarantees trade execution, and enhances market stability, features traditionally only available in TradFi clearinghouses like CME (Chicago Mercantile Exchange) or LCH (London Clearing House).

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CVEX consists of two major components:

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The Trading Terminal – A decentralized trading venue where users can trade futures and options with high leverage, advanced risk management, and a unique VaR margin system.

The CVEX Protocol – A decentralized clearing layer ensuring that every trade is backed by optimized collateral management, reducing risk and unlocking massive capital efficiency.

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What Is Clearing and Why Does It Matter?

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Clearing is a process used in traditional finance to guarantee the execution of financial trades. In simpler terms, it's like an invisible safety net that ensures both buyers and sellers fulfill their obligations.

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Without clearing, traders would need to hold 100% of their positions in collateral, making trading highly inefficient. In TradFi, clearinghouses allow traders to use capital more efficiently by offsetting risks across different positions.

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How CVEX Protocol Reinvents Clearing for DeFi

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Traditional clearinghouses act as intermediaries, but in DeFi, we need a decentralized alternative. CVEX introduces Smart Clearing, an automated system that:

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1. Guarantees Trades. Ensures that all positions are backed by sufficient collateral.
2. Optimizes Collateral Usage. Instead of locking up massive amounts of capital for each trade, CVEX calculates risk at a portfolio level, reducing collateral requirements by up to 99% in some cases.
3. Predictability During Volatility. Unlike centralized platforms, CVEX ensures deterministic trade execution, even during market turbulence.

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The Real-World Impact of Clearing in Crypto

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The absence of proper clearing in DeFi has created inefficiencies that have held back the market:

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• Crypto derivatives should be 5–10x larger than spot trading, but without clearing, collateral inefficiencies prevent this growth.
• $200B+ in annual trading fees are generated from crypto derivatives, yet traders are losing billions in unnecessary collateral lockups.
• Traditional finance processes over $2.1 trillion in cleared derivatives; crypto has yet to achieve even a fraction of this due to the lack of decentralized clearing solutions.

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Instead of requiring each trade to be fully collateralized, CVEX dynamically calculates risk across a portfolio of assets. This means traders only need to lock a fraction of their total exposure, freeing up liquidity and making derivatives trading vastly more efficient.

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Here’s how it works:

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• Risk is assessed at the portfolio level – Instead of requiring full collateral for each trade, CVEX calculates the overall risk exposure.
• Collateral requirements are reduced – By considering how assets correlate, the system determines the minimum necessary collateral.
• Trades are guaranteed even in volatile conditions – Unlike traditional margin systems, Smart Clearing ensures smooth settlement without unexpected liquidations.

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In practice, this means that a trader holding a long position on ETH futures while shorting SOL futures won’t need to provide full collateral for both trades. Instead, CVEX calculates the overall risk exposure, significantly reducing the amount of capital that needs to be locked up. For time-based strategies, such as buying BTC futures for March and selling BTC futures for June, the system can lower collateral requirements by more than 90%. Large portfolios, particularly those that include options, benefit even more, with potential collateral savings exceeding 99%.

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Why This Is a Game-Changer for DeFi

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1. Unlocking Institutional Trading

Institutional traders rely on collateral-efficient systems in traditional markets. CVEX Protocol enables them to trade in DeFi without excessive capital lock-ups, making the ecosystem more attractive to large-scale investors.

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2. Expanding DeFi’s Derivatives Market

With efficient collateral management, DeFi derivatives can finally compete with TradFi in size and scale. The market potential is staggering:

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• $45 trillion in crypto derivatives volume annually
• Projected to reach $16 trillion in annual trading fees by 2030
• Clearing can increase derivatives volume by 5-10x

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3. Bringing Real-World Assets (RWA) to DeFi

Tokenizing real-world assets (RWAs) is useless without derivatives trading. Every major traditional market (commodities, forex, stocks) relies on derivatives for price efficiency. CVEX Protocol enables RWA trading by ensuring that derivatives markets can support them effectively.

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4. Decentralizing OTC Trading

Over-the-counter (OTC) trading is the largest derivatives market in TradFi, but DeFi lacks the necessary clearing infrastructure to handle it. With CVEX Smart Clearing, OTC markets can migrate on-chain, unlocking billions in additional trading volume.

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The Future of CVEX Protocol

CVEX Protocol is a new category of infrastructure in DeFi. With 77 smart contracts live on Arbitrum, a thriving community of over 6.2 million users, and market makers already onboarded, CVEX is positioned to become the backbone of decentralized derivatives trading.

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The next steps include: 

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1. Integrating more derivative products, including advanced options trading. 
2. Enabling builders to create their own platforms on top of the CVEX Protocol. 
3. Expanding partnerships with institutional traders and DeFi-native projects.

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Crypto derivatives trading has been limited by inefficiencies, preventing DeFi from reaching its full potential. CVEX Protocol introduces the first decentralized clearing solution, enabling capital-efficient, large-scale trading without relying on centralized intermediaries.

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This is more than an exchange. It’s a fundamental shift in how derivatives work in crypto.

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