CVEX Docs
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  • Website
  • Trading Terminal
  • Introduction
    • CVEX Overview
    • Component Breakdown and Definitions
    • Use Cases and Applications for Futures and Options
  • Background
    • The State of Cryptocurrency Trading and Problems Faced
    • Perpetual Contracts and Their Limitations
    • Options Trading in Crypto Markets
    • Conclusion
  • Protocol
    • Overview
    • Protocol Owner
    • Platforms
    • Price & Risk Oracles
    • Contracts
    • Order Types
    • Positions
    • Range Orders
    • Matching Engine
    • Collateral Token (USDC)
    • Frontends
    • Clearance Bots
    • CVEX Token
    • Fees & Rewards
  • Margin & Liquidations
    • Overview
    • Futures Mark Price
    • Black Scholes Model
    • Implied Volatility Surface
    • Premium Mark Price
    • Options Hedge Ratio
    • Value-at-Risk Model
    • Risk Parameters
    • Initial & Required Margin
    • Liquidation Protocol
    • Default Fund
    • Deleverage Queue
    • Default Prevention
  • Crypto Valley Exchange Platform
    • Overview
      • Case Studies
    • Contracts
    • Margin Model
    • Fees & Rewards
    • Go To Market Strategy
    • Affiliate Marketing
    • Market Makers
    • Brokers & Structured Product Providers
    • Front End & Builder Incentives
    • Price & Risk Oracles
  • Building on CVEX
    • Development Resource
  • Strategy
    • Security measures & Risk Prevention
    • Future Work
    • Legal & Compliance
    • Team and Advisors
    • Conclusion
  • Disclaimer
  • Credits
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  1. Protocol

Protocol Owner

The protocol owner, established during the initial contract setup and subject to potential future changes, plays a critical role in the governance and operational integrity of the CVEX Protocol. This entity can enact significant modifications, though such changes are intentionally delayed to enhance community confidence and ensure careful consideration.

Key responsibilities of the Protocol Owner include:

  • Global Protocol Configuration: Setting key parameters such as $CVEX token staking conditions;

  • Protocol Fund Management: Manages the accumulation and allocation of reserves, sourced from trading fees, to address the protocol's needs;

  • Contract Upgrades: Essential for maintaining the protocol's relevance and efficacy in response to evolving technological and market demands;

  • Circuit Breaker Mechanism: The ability to activate emergency protocols and suspend all operations in critical situations to safeguard user assets.

Initially, the CVEX core team will oversee the protocol to expedite its early-stage development. Later, as soon as this can be effective, in further adherence to the protocol's decentralised ethos, governance will shift to a Decentralised Autonomous Organisation (DAO), ensuring wider community involvement and decision-making.

Protocol Fund

The Protocol Fund, managed by the Protocol Owner, comprises reserves accumulated from trading fees. It is allocated for the protocol's development and operational needs forming the financial backbone ensuring its sustainability and continued development of the CVEX ecosystem. The Protocol and the Protocol owner are not involved in the marketing or utilisation of the Protocol and remain agnostic to this.

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Last updated 1 year ago