The Defiant

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...

Polygon-based Volmex Finance Launches Points Program

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.

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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
Volmex TVL

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.

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