Polygon-based Volmex Finance Launches Points Program
Users of the tokenized volatility protocol can earn points by trading Volmex perpetuals, daily quests, or completing Galxe NFT campaigns.
By: Pedro Solimano • Loading...
DeFi![Polygon-based Volmex Finance Launches Points Program](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fce3557a062d03f63e999e8524e8537ceb55fdd24-1792x1024.png&w=828&q=75)
Volatility index protocol Volmex Finance has unveiled a new crypto points program.
According to the Volmex Foundation, the program aims to increase awareness of the Volmex Implied Volatility Indices and linked crypto volatility products.
![the-defiant](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F1c92a3bafb1118ef9ac1b37a19b0d984bfeceaa6-1051x750.jpg&w=828&q=100)
There are six ways users can earn points within the Volmex ecosystem: by trading Volmex perpetual futures on their DEX testnet, daily quests to track volatility indexes, getting involved in the community, participating in a Galxe NFT campaign, being a trader or LP on a Volmex DeFi volatility product, or by referring new users.
First-time users earn 250 points upon signing up. Existing participants can exchange previously completed tasks or NFTs to receive additional points.
![Volmex TVL chart](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F5bc03884523719504e081200a4c6eb865f12f03b-1235x282.jpg&w=828&q=100)
Volmex’s total value locked (TVL) peaked at around $1.6M in February 2022 and has been stable at around $500,000 for the past year.
Advertisement
The Defiant Daily
“an industry must-read”
Get an edge in Crypto with our free daily newsletter
Know what matters in Crypto and Web3 with The Defiant Daily newsletter, Mon to Fri
90k+ Defiers informed every day. Unsubscribe anytime.