CVEX is an on‑chain futures and options trading platform that uses cross‑margining and portfolio‑wide Value‑at‑Risk calculations to dramatically lower collateral requirements, enabling effective leverage of 70×‑1000×. The protocol provides real‑time margin adjustments, automated liquidation, and fully on‑chain settlement while supporting multichain trading (Ethereum, Arbitrum, Base, Optimism) with a single USDC deposit.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traders of crypto derivatives face high collateral requirements and limited leverage on existing centralized and decentralized platforms, making it costly to maintain large, diversified futures and options positions. Inefficient margin models and fragmented risk management increase the risk of liquidation and reduce capital efficiency.
Solution
CVEX provides an on‑chain futures and options trading platform that leverages cross‑margining and portfolio‑wide Value‑at‑Risk (VaR) calculations to dramatically lower collateral needs. By offsetting margin using historical correlations and delta hedges, the protocol can offer effective leverage exceeding 70× on simple portfolios and up to 1000× in aggregate, while maintaining real‑time risk assessment and automated liquidation safeguards. The Smart Clearing engine executes trades, settles positions, and updates margin requirements entirely on‑chain, ensuring transparency, composability with DeFi infrastructure, and high throughput comparable to centralized exchanges. Users can connect via a multichain interface (Ethereum, Arbitrum, Base, Optimism) and trade using USDC, benefiting from instant, decentralized clearing and AI‑ready risk models without relying on centralized oracles.
Target Audience
Primary users are crypto derivatives traders and market makers seeking high leverage with low collateral, as well as institutional participants requiring transparent, on‑chain risk management for futures and options strategies.
Features
- Cross‑margin capability that applies historical correlation and delta offsets to reduce required collateral for combined futures and options positions
- Real‑time portfolio VaR engine that continuously adjusts margin based on market volatility and exposure
- Smart Clearing protocol delivering fully on‑chain, atomic settlement and automated liquidation without centralized intermediaries
- Multichain support from day one, enabling trading on Ethereum, Arbitrum, Base, and Optimism with a single USDC deposit
- High‑throughput execution and batching designed to match the speed of top centralized exchanges
- Transparent, trustless architecture that integrates with existing DeFi composability standards