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Learn how to trade crypto futures easily with the CVEX Telegram Trading App. This step-by-step guide covers account setup, deposits, and placing trades.

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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Follow CVEX for news and crypto information

What Is Value-at-Risk (VaR) Model?

The Value-at-Risk (VaR) model is a cornerstone of CVEX’s risk management, offering a statistical measure that quantifies the level of financial risk within a trading portfolio over a specific time frame. Our implementation, characterised by a 1-day look-ahead period and a confidence level of 99%, requires traders to maintain collateral that accounts for the worst expected market move against their positions for one out of every hundred days.

This methodology draws on historical market data, extending back to a decade, to ground our risk calculations in robust historical contexts. To ensure accuracy and relevancy, we exclude data from periods of extreme market volatility and require a minimum dataset of two years — or equivalent proxy data for newer assets — to list new instruments on the platform. This approach underscores our commitment to reliability and transparency in risk assessment.

The Usage of Strategic Leverage and Hedging

Leverage is a critical component of trading strategy, and CVEX’s margin model facilitates leverage typically within the 5x to 9x range for individual crypto assets. This leverage framework caters to various trading strategies, from conservative to more aggressive approaches.

Our platform excels in offering hedging strategies that significantly amplify leverage potential without focusing on extreme leverage points. For example, a trader might strategically pair long positions in Ethereum with short positions in Bitcoin, leveraging the interplay between these assets to potentially enhance leverage up to 15x.

This model shines particularly in options trading, where sophisticated hedging can substantially increase leverage while maintaining a balanced risk profile. We present examples where leverage is thoughtfully applied, demonstrating how traders can utilise CVEX’s tools to achieve substantial leverage through well-considered long and short positions across different cryptocurrencies and trading strategies.

Preliminary Specifications and Ongoing Adaptation

The details provided about contracts, margin/risk parameters, and fees reflect CVEX’s current vision and are intended as preliminary specifications. We recognise the importance of flexibility and adaptability in the fast-paced world of cryptocurrency trading. As such, we reserve the right to adjust these parameters in alignment with the evolving needs of our protocol and its user community. Changes will be communicated through our official channels, emphasising our dedication to transparency and the best interests of our traders.

Conclusion

The CVEX margin model, rooted in the VaR methodology and enriched by strategic leverage and hedging capabilities, represents a sophisticated risk management framework tailored to decentralised finance. Our model is crafted to support traders’ journey through the crypto market, offering a blend of precision, flexibility, and safety. As CVEX continues to innovate within the DeFi ecosystem, we focus on enhancing user experience, ensuring robust risk management, and fostering a secure and dynamic trading environment.

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5 min read

The Role of USDC in the CVEX Ecosystem

In the dynamic world of decentralised finance (DeFi), the CVEX Protocol stands out by adopting USDC as its cornerstone for financial operations. This choice not only streamlines transactions, but also significantly enhances market stability. Here’s how USDC transforms the CVEX ecosystem, making it more accessible and secure for traders worldwide.

Why USDC?

USDC is a stablecoin whose value is pegged to the US dollar, ensuring its stability and reliability. In the CVEX ecosystem, USDC is utilised for various key functions:

Collateral Provision. Traders use USDC to back their trading positions, ensuring a stable investment foundation.
Fee Payments. All transaction fees within the CVEX Protocol are paid in USDC, simplifying the fee structure.
Rewards. Participants in liquidity provision, staking, and clearance activities are rewarded in USDC, enhancing the ecosystem’s vibrancy.

The inherent stability of USDC mitigates the volatility risk commonly associated with other cryptocurrencies. This predictability creates a more secure trading environment where the risk of collateral default is minimal.

Cross-Chain Transfer Protocol (CCTP)

Integrating the Cross-Chain Transfer Protocol (CCTP) further elevates the CVEX platform. CCTP allows for the seamless movement of USDC across different blockchain networks through a burn-and-mint process. Here’s a brief overview:

Depositing USDC. Traders burn USDC on their native chain. Circle, the issuer of USDC, then provides a signed attestation of this burn, allowing the minting of an equivalent amount of USDC on Arbitrum for use within the CVEX ecosystem.
Withdrawing USDC. The process is reversed for withdrawals. USDC is burned on Arbitrum and then minted on the trader’s native blockchain, facilitating quick access to funds.

The Withdrawal Challenge and CCTP’s Solution

One of the hurdles in layer-2 (L2) chains like Arbitrum is the typical seven-day waiting period for withdrawals, a security measure that can deter traders seeking faster access to their funds. CCTP’s integration with CVEX effectively addresses this challenge by reducing the withdrawal time to just 10–30 minutes, significantly enhancing flexibility and accessibility for traders on the platform.

Ensuring Safety in Cross-Chain Transfers

Security is paramount in the DeFi space. CCTP, operated by Circle, ensures that cross-chain transfers of USDC within the CVEX ecosystem maintain the highest security standards. Since Circle has the authority to burn and mint USDC, traders can deposit and withdraw confidently, knowing their assets are secure, and their transactions are directly managed by the stablecoin’s issuer.

By centering its operations around USDC and leveraging CCTP, the CVEX Protocol offers a stable, secure, and efficient trading environment. This approach reduces the complexity and risk associated with crypto transactions and fosters a more inclusive and accessible DeFi ecosystem. With USDC, CVEX sets a new standard for stability and trust in the digital asset world.

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5 min read

Exploring the CVEX Protocol

The CVEX Protocol emerges as the backbone of the CVEX ecosystem. This comprehensive smart contract, deployed on the Arbitrum chain, orchestrates all the critical operations within the platform, setting a new standard in the decentralised finance landscape. Here’s an in-depth look into the workings of the CVEX Protocol and how it redefines the structure of decentralised trading.

Understanding the CVEX Protocol’s Core Functionality

The CVEX Protocol operates as the structural core of the CVEX ecosystem, facilitating decentralised execution of all essential operations across various platforms. This protocol is not just another blockchain application; it’s a complete infrastructure solution developed in Rust and implemented via Stylus, representing a novel approach to writing EVM-compatible smart contracts.

Stylus contracts, executed in WebAssembly (WASM), offer a highly efficient alternative to traditional Solidity contracts. The efficiency stems from decades of compiler development for Rust and LLVM, combined with the faster runtime of WASM compared to the EVM. This technological choice ensures that the CVEX Protocol benefits from over 10x improved computation and memory usage, setting the stage for rapid and efficient operations.

Key Functions of the CVEX Protocol

The CVEX Protocol is responsible for a range of critical functions within the trading ecosystem:

Collateral Management. Ensures secure handling of trader collateral deposits and withdrawals.
Order Execution. Manages the matching engine and maintains order books for accurate trade execution.
Platform Management. Facilitates the creation of trading platforms and contracts, configuring price and risk oracles for optimal performance.
Risk Assessment. Validates portfolio margins and executes liquidations when necessary, maintaining market integrity.
Financial Management. Controls various funds within the ecosystem, including Collateral, Operational, Default, and Protocol Funds.
Money Flow. Manages the fair distribution of profits, losses, fees, rebates, and rewards among participants.
Token Management. Oversees the behaviour of the $CVEX token, encompassing aspects like staking and reward distribution.

Roles Defined by the CVEX Protocol

For seamless operation, the CVEX Protocol defines several roles, each interacting with the protocol uniquely:

Protocol Owner. Configures global settings and oversees protocol upgrades.
Platform Operators. Manage individual trading platforms, tailoring configurations to suit specific needs.
Price Oracles. Deliver reliable index prices for accurate trading.
Risk Oracles. Provide essential volatility and correlation parameters for risk assessment.
Traders. Engage actively in trading managing portfolios through the creation of orders.
Frontends. Serve as the interface between traders and the protocol, facilitating order delivery and data presentation.
Clearance Bots. Perform critical functions like liquidations and order clearing to preserve market integrity.

Conclusion

The CVEX Protocol is a testament to innovation and efficiency in decentralised trading. By addressing the fundamental needs of a trading platform, from collateral management to risk assessment and financial control, the CVEX Protocol ensures a seamless, secure, and efficient trading experience for all participants.

As we continue to evolve and expand, the CVEX Protocol remains committed to setting new benchmarks in decentralised finance. Join us on this transformative journey with CVEX, and experience the future of trading where innovation meets security and efficiency.

For the latest news and developments from CVEX, stay tuned to our official channels and become a part of the revolution in decentralised finance.

5 min read

CVEX Affiliate Dashboard Full Guide

Welcome to the Crypto Valley Exchange (CVEX) Affiliate Programme, a gateway to earning both USDC and exclusive rewards. Our Affiliate Dashboard is designed to empower you, our valued user, to reap financial benefits while expanding our vibrant community.

By participating in this programme, you secure a remarkable opportunity to earn a lifetime share of 20% on trading fees from every friend you refer to CVEX. Additionally, you can earn an extra 10% from second-degree referrals, extending your earning potential even further. The incentives don’t just end with you. Every connection you bring on board using your referral code enjoys a 10% discount on their trading commissions. This mutual benefit approach not only enhances your earnings but also makes trading on CVEX more appealing to your network.

But there’s more to our Affiliate Dashboard than just referral earnings. Each successful referral earns you XP points, a critical component in unlocking future rewards and exclusive benefits on the CVEX platform. You get 10 XP for each direct active referral and 5XP for 2ND-degree active referrals. Moreover, if you sign in using someone’s referral link, you’ll be rewarded with an additional 10 XP points from the start. These points add up, paving the way for you to access unique opportunities and offers unavailable to regular users.

Engaging with our Affiliate Dashboard is straightforward and rewarding. We’ve designed it to be user-friendly and efficient, ensuring you can easily track your earnings, monitor your referral network’s growth, and understand your progress toward achieving new reward levels.

Join us in this exciting journey of growth and rewards. Connect to the CVEX Affiliate Dashboard today and start unlocking the full potential of your network within the expansive world of decentralised finance. Your path to earning passive income and exclusive rewards begins here.

How to Join? Step-by-Step Guide

Now, let’s break down how you can join the Affiliate Dashboard and unlock a path to rewards for yourself. Ready?

Step 1. To get started, go to the Crypto Valley Exchange website using this link: https://cvex.xyz/. Please make sure the address in your browser matches the one listed here. Beware of scammers!

Step 2. Now, the site has opened in front of you, where you can read about all the features of our platform. But you need to go a little lower and find a separate window dedicated to Affiliate Dashboard.

Step 3. Here, you can read more about the conditions of participation and potential bonuses and see how many users have already joined the programme. Click on the “Invite Friends” button after reading the terms and conditions.

Step 4. After clicking on the button, you will be taken to a separate tab dedicated exclusively to Affiliate Dashboard. However, to start using it you need to join the platform by clicking on the “Connect Wallet” button in the top right corner.

Step 5. A registration window will open in front of you. You can choose one of two options:

1st Option: Provide your name, email address, and referral code of your friend (if present).

Note: Please note that using the referral code provides you with an additional 10 XP points (20 in sum) after registration and gives 10 XP points to the person who invited you.

After that, a message with a verification code will be sent to the specified e-mail address. Find it and enter it in the special box.

Keep in mind that if you register via email, you will still need to confirm your crypto wallet address later on. After singing-in the CVEX platform will propose you continue with your wallet. Click the button and follow the instructions on the screen, or read further and see how we do it!

2nd Option: The second verification option involves connecting your crypto wallet to the CVEX platform. To do this, click on the “Continue with WalletConnect” button at the bottom of the window.

You now have the opportunity to choose your wallet. We support more than 350 different wallets. The most popular ones are right in front of you, and to view the rest, click on the “All Wallets” tab at the bottom of the window.

In this guide, we will use MetaMask. Clicking on the appropriate icon in your browser will open a standard confirmation window from your provider, where you need to agree to the terms of use and agree to join your wallet to the CVEX platform. These steps are crucial so we can track your referrals and give you the deserved XP points!

Now, you can tinker with your email. Just enter it in the appropriate box, and you will be able to receive the latest information about the project before anyone else!

After all confirmations, you will see your wallet address in the top right corner of your browser. If this is the case, congratulations, you are now officially a Crypto Valley Citizen!

Step 6. After connecting to the platform, you can click on the “Invite Friends” button and see your referral link and referral code. Just share them with your friends and start building your CVEX community! Easy-peasy.

What’s Next?

Now, the more of your friends come to the platform, the more XP points you will get and the higher you will be on the leaderboard. To find out where you are, scroll down the page a bit and find the Leaderboard tab. Now, all that’s left is to find yourself on the list!

Checking your rating is crucial since the higher you are, the more Affiliate Programme potential you unlock. Each direct referral earns you 10 XP, while secondary referrals add 5 XP to your tally. Moreover, when the Mainnet starts, you’ll get a fraction of the fees from each of your referral trades!

Not only do you benefit from this network growth, but your connections also enjoy a 10% commission discount, courtesy of your referral code. This mutually advantageous setup enhances your earnings and enriches your network’s trading experience on CVEX.

Also, on the Affiliate Dashboard page, you can once again read all the terms and conditions of the referral programme and see what stage of its implementation CVEX is currently at.

Embracing Opportunities with CVEX’s Affiliate Dashboard

Join the CVEX Affiliate Programme and step into a world of shared success and mutual benefits. By participating, you don’t just earn — you become part of a community that values collective growth. Every referral enhances your earnings and integrates your connections into a dynamic trading community. This isn’t just about individual gains; it’s about growing together and reaping shared rewards.

Step into a future of rewarding possibilities with CVEX. Our Affiliate Programme offers a pathway to continuous earning and exclusive rewards. Don’t miss this chance to revolutionise your DeFi experience. Join now, build your network, and unlock the potential of every trade and referral in the expansive world of decentralised finance.

Find Us Here:

Website | Twitter | Discord

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5 min read

Enhancing CVEX Protocol Efficiency with Clearance Bots

In the evolving landscape of decentralised finance (DeFi), the CVEX protocol emerges as a sophisticated platform designed to optimise trading operations. However, implementing such advanced systems in a blockchain environment comes with its own technical challenges. Recognising these hurdles, CVEX introduces an innovative solution: Clearance Bots. This article delves into the complexities faced by the protocol and how Clearance Bots play a pivotal role in ensuring its seamless operation.

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Addressing Technical Challenges

Implementing the CVEX protocol as a smart contract reveals several technical obstacles:

High Operational Costs. Continuously monitoring user margin ratios for variation margin on-chain is complex and resource-intensive. It necessitates ongoing computations and updates, leading to increased operational expenses.
Reactive Execution Limitations. Smart contracts are reactive by nature and cannot perform scheduled tasks, limiting the protocol’s ability to automate certain critical functions for timely execution.
Unfair Cost Distribution. In scenarios where a taker order matches with multiple smaller limit orders, the execution costs can disproportionately fall on a single trader. This inequity results in unfair transaction fee distribution, with one trader inadvertently subsidising the transactions of others.

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The Role of Clearance Bots

To mitigate these challenges, CVEX incorporates Clearance Bots within its ecosystem. These bots are engineered to manage various protocol operations, ensuring efficiency and fairness:

Order Clearing. They streamline the clearing of limit orders by managing a clearance queue, optimising gas usage, and guaranteeing successful executions regardless of the number of matched orders.
Settlement Responsibilities. Post-expiry of futures and options contracts, Clearance Bots, handle the settlement process, closing all active positions and canceling open orders.
Initiating Portfolio Liquidation. By actively monitoring trader margins, these bots initiate liquidation processes when necessary to maintain protocol integrity.
Default Prevention. In situations of potential default, Clearance Bots cancel limit orders for at-risk users, preventing defaults before they occur.
Auto Deleverage Queue Management. They are tasked with managing the ADL queue and adjusting positions as needed to ensure the system’s balance.
Conditional Order Management. Clearance Bots execute or cancel orders based on predefined conditions, such as Stop Limit, Stop Loss, and Take Profit orders.

These operations are designed to be deterministic and permissionless, allowing anyone to participate as a Clearance Bot operator within the CVEX ecosystem. Operators are incentivised through gas compensation and a premium from the Operational Fund, ensuring their activities remain economically viable, even during high gas prices.

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Open Invitation and Continuous Innovation

The CVEX team commits to publishing a reference implementation for Clearance Bots, encouraging community involvement and contributions to the ecosystem’s robustness. Furthermore, developing and deploying more sophisticated Clearance Bot versions are encouraged, fostering innovation and efficiency within the CVEX protocol.

In conclusion, Clearance Bots are essential to overcoming the inherent challenges of implementing complex protocols on blockchain platforms. Clearance Bots exemplify CVEX’s commitment to creating a user-centric, fair, and efficient trading environment by enhancing operational efficiency, ensuring equitable cost distribution, and maintaining system integrity.

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5 min read

Embracing the Future with CVEX’s Multichain Support

The world of decentralised finance is evolving rapidly, and Crypto Valley Exchange (CVEX) is at the forefront of this transformation. Our latest innovation, Multichain support, marks a significant milestone in the DeFi landscape. It’s not just a feature; it represents a new way of engaging with the crypto market. As we delve into this revolutionary aspect of CVEX, we uncover how it’s changing the rules of the game, offering unparalleled flexibility and a tailored trading experience in the dynamic world of cryptocurrencies.

Multichain: Bridging Networks for Enhanced Trader Freedom

The introduction of Multichain support by CVEX isn’t just about embracing new technology; it’s about opening doors to a realm of possibilities for traders. Imagine a world where you’re not restricted by the boundaries of a single blockchain. Whether you’re a veteran of Ethereum, an enthusiast of Arbitrum’s innovations, an Optimism aficionado, or a Base blockchain believer, CVEX’s platform empowers you to start your trading expedition on familiar ground. This feature is a celebration of diversity in the blockchain universe, offering a seamless transition from your preferred network to our cutting-edge trading platform.

In practice, it looks like this: all trading takes place on the Arbitrum blockchain, but thanks to EVM, every user of the above-mentioned blockchains can without any obstacles. You don’t need an Arbitrum wallet or ETH for gas. Simple trading without restrictions!

Deposit Freedom: Tailoring Your Crypto Journey

At CVEX, we recognise that every trader has unique preferences and requirements. Our Multichain support is a reflection of this understanding. It grants you the autonomy to deposit USDC from the blockchain network that aligns with your trading style and strategy. This level of personalisation is rare in the DeFi space and sets CVEX apart as a platform that truly listens to and caters to its users’ needs. Whether you’re looking for the robust security of Ethereum, the lightning-fast transactions of Arbitrum, the vibrant ecosystem of Optimism, or the innovative features of Base, CVEX welcomes you with open arms, providing a trading experience that’s as unique as you are.

Unified Trading on Arbitrum One: A Symphony of Efficiency and Innovation

In the diverse world of blockchain, CVEX brings a unique harmony with its unified trading experience on Arbitrum One. Despite the variety in deposit options across multiple blockchains, all trading paths converge onto the innovative landscape of Arbitrum One. This strategic amalgamation of varied entry points with a singular, high-performance trading environment showcases our commitment to providing an efficient, seamless trading experience. Arbitrum One, known for its exceptional trading capabilities, ensures that your trades are not only smooth but also executed with remarkable speed and reliability. This fusion of diverse inputs with a centralised trading solution exemplifies our dedication to innovation and trader convenience.

The essence of CVEX’s Multichain approach is encapsulated in its ability to offer the best of both worlds: the ease of access through multiple blockchain gateways and the superior performance of a centralised trading platform. This ingenious combination caters to the diverse preferences of traders, allowing for easy asset deposits from their chosen blockchain, while ensuring that the trading experience remains top-notch on Arbitrum One.

It’s a model that resonates with the dynamic needs of the modern trader, offering flexibility without compromising on efficiency. This blend of accessibility and high-performance trading is what sets CVEX apart, ensuring a balanced, rewarding trading journey for every user.

Expanding Opportunities for Traders with CVEX’s Multichain Model

CVEX’s pioneering Multichain support is more than just a feature — it’s a gateway to expanded possibilities in the crypto trading world. This innovative approach empowers traders from all walks of the blockchain ecosystem to participate in a trading platform that is optimised for speed, efficiency, and performance.

Whether you’re deeply rooted in Ethereum or exploring the realms of Arbitrum, Optimism, or Base, CVEX’s platform is designed to welcome you into a world where your trading actions are swift, smooth, and secure. This forward-thinking model by CVEX is a testament to our commitment to broadening the scope for traders, ensuring that regardless of your blockchain preference, you have access to a state-of-the-art trading experience on Arbitrum One.

About Crypto Valley Exchange (CVEX)

Crypto Valley Exchange (CVEX) is a pioneering force in decentralised finance, offering advanced Options & Futures trading with over 1000x leverage. It features real-time Value-at-Risk (VaR) portfolio management and cross-margin capabilities, enabling efficient and dynamic trading across cryptocurrencies and commodities. Multichain from inception, CVEX supports major chains like Ethereum and Arbitrum, allowing seamless USDC transactions. Its commitment to security and efficiency positions CVEX as a leader in DeFi innovation.