[Volmex] Indices Integration with gTrade

Proposals
1

Hi Gains Network community,

Over the past several weeks, contributors from Volmex and Gains Network have held a series of calls and Telegram conversations, exploring how best to bring Volmex’s first and leading volatility benchmarks to gTrade. Both sides are genuinely excited about the value the integration will bring to DeFi. BVIV and EVIV perpetuals would give traders a powerful way to express a direct view on bitcoin and ethereum volatility, while helping Gains further sharpen its edge as the most innovative on‑chain perpetuals DEX in DeFi.

There is, however, one existing blocker. Volmex’ standard index licensing model is incompatible with the fee‑split parameters currently hard‑coded in Gains Network’s smart contracts. Altering that split requires formal governance approval. The proposal below therefore asks the Gains Network DAO to endorse a symmetrical top-down fee split for BVIV and EVIV perpetuals, in addition to any future Volmex indices, so that the integration can proceed without compromising either project’s economics or incentives. Below you’ll find our full case for a symmetrical fee split on BVIV and EVIV perpetuals, together with the concrete value Volmex will bring to Gains Network from day one.

Revenue Share Logic

Why parity matters to Volmex

  • Ongoing index stewardship. BVIV and EVIV are living, institutional‑grade benchmarks; they require constant data ingestion, methodology reviews, API maintenance, and incident response. We shoulder every dollar of that overhead, so a straight‑down‑the‑middle share is the only model that properly offsets those expenses.
  • Mutual skin in the game. Equal economics keep both projects pushing for deeper liquidity, tighter spreads, and broader awareness. Any imbalance dilutes that alignment stunts growth and adoption over time by creating an incentive imbalance.
  • Precedent consistency. A standard top‑line revenue split is the structure we use with every venue that lists our indices. Deviating here would erode pricing integrity across the ecosystem.

Costs, risks, and contributions the split covers

  • Index R&D and data licensing. Volmex Labs will license Volmex Indices to the Gains Network DAO or affiliated DAO entity on its behalf. Real‑time options order‑book data and quantitative research are not one‑off spends; they recur every month.
  • API reliability. We deliver and maintain real‑time BVIV and EVIV values through the Volmex API. The feed streams implied‑volatility values with sub‑second latency, while keeping the feed reliable and tamper‑resistant.
  • Liquidity support. We introduce takers, desks, and funds already trading these indices to bring new users and volume to Gains Network.
  • Education and GTM. Co‑branded press release, trader explainer, Twitter /X Spaces, reducing friction for new users and freeing up your internal marketing bandwidth.

Volmex Contributions to the Partnership

  • The products themselves. We deliver and maintain the BVIV and EVIV feeds, ready to stream the moment a DAO vote passes.
  • A Volmex token grant. Tokens go directly to Gains Network, backing long‑term alignment with your community.
  • We can bring you taker volume through our existing network of vol traders that have expressed demand to trade BVIV and EVIV, in addition to aggressively supporting Gains Network with ongoing co-marketing and distribution support for the entire lifespan of this integration.

Expected Outcomes / Metrics

  • New, high‑value users. Traders of all types looking to hedge and speculate on bitcoin and ethereum volatility will connect to gTrade because BVIV and EVIV give them a tool they can’t find elsewhere at spot‑like pricing. Our best estimate is 500 new wallet connections in the first month, with growth to 3,000 by the half‑year mark as word spreads. Volatility traders who currently hedge elsewhere will land on gTrade because BVIV and EVIV are finally accessible at spot‑like pricing.
  • Consistent trading volume and fees. Bitcoin volatility never sleeps, so the contracts should produce revenue in bull, bear, or sideways markets. We anticipate roughly $10 million in cumulative notional during the first month. Even if that pace simply holds (without compounding), the contracts would clear on the order of $60 million over six months, providing a healthy earnings base for both parties.
  • Brand differentiation. Listing “crypto’s VIX” makes gTrade the first venue where traders can express a direct Bitcoin‑volatility view without holding options.

DAO Proposal / The Ask

We request that the Gains Network community approve:

  • A standard top‑line revenue split for BVIV and EVIV perpetual contracts on gTrade; and
  • The same revenue share structure for any additional Volmex‑branded indices listed on gTrade in the future.

A “yes” vote empowers both projects to immediately start the technical integration, arrange launch liquidity, and coordinate go-to-market campaigns. We look forward to building the on‑chain volatility market together and appreciate the community’s consideration.

Supporting Documentation

Official Volmex Pages

Key Volmex Volatility Indices on TradingView

Prime Rate Indices

Announcements on X

Partnerships

Developer Resources

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2

All looks good to me, is there anywhere I can read about the VOL token? Can’t seem to find any mention of it on your site from a quick glance.

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3

I can see a lot of added utility having volmex indices on gtrade. The partnership will be pushing innovation and increase the trader pool IMHO.

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4

I don’t see a downside with bringing in a unique product + support to gTrade’s existing library of assets. We need to stand out and anything unique with demand + support from the partner seems like a win.

It’s either we have some volume on the pairs or we don’t have that volume on the pairs at all.

I want to see this move foreward.

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5

I encourage this kind of proposal, gains network must attract projects and it is a pleasure to welcome them

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6

Thanks to the Volmex team for putting this proposal together and engaging in thoughtful conversations over the past several weeks.

On behalf of the Gains Network team, I’d like to express support for this initiative and offer some context as to why this integration and partnership could be a strong addition to the protocol.

From gTrade’s perspective, the introduction of BVIV and EVIV perps represents both a compelling product innovation and a high-potential distribution opportunity. These contracts allow traders to directly express views on BTC and ETH volatility — something not readily available in DeFi today, especially in the PerpDEX vertical. Moreover, their addition aligns well with our 2025 Roadmap themes, including ‘Pricing Infrastructure Expansions’ and ‘Network Effects’ for gTrade’s reach across trader networks (and potentially investor networks).

The Gains Network team held extensive discussions with Volmex around the mechanics of the integration, the go-to-market efforts, and the broader trader/influencer network they plan to activate. Volmex has signaled strong commitment in supporting the launch with co-marketing, education, and introductions to market participants that are keen to trade these instruments. Their existing traction with institutional and retail vol traders, combined with their willingness to dedicate resources to growth, gives the team confidence in the long-term upside of this partnership.

The team also understands and respects the need for a custom fee-sharing model on these specific indices. Maintaining institutional-grade benchmarks like BVIV and EVIV requires ongoing work — from data ingestion and methodology updates to real-time feed reliability. In that light, a project-specific revenue share helps align both parties and ensures sustainable index delivery without compromising the economics of either side.

Importantly, this proposal only affects Volmex-specific pairs. It does not alter fee structures on existing or future gTrade-native pairs. Without this partnership (and the passing of this proposal), these products will likely not exist on gTrade at all — so the integration represents net new upside. Moreover, the team sees potential second-order effects, where traders onboarded through BVIV/EVIV may explore and trade across the broader gTrade offering, amplifying platform-wide volume and revenue.

Finally, gTrade would be the first PerpDEX — and only the second venue overall (after Bitfinex) — to offer these products, positioning the platform as a leader in crypto volatility derivatives within DeFi.

As always, the team appreciates the community’s consideration. If any questions come up regarding the technical side of the integration or incentive alignment, please share your thoughts here or in the community chats.

2 Likes