💢MADBTCUSD

MADBTCUSD index contract is listed under V2 on-chain perp.

MADBTCUSD Index is a high volatility index based on BTC. It follows the Geometric Brownian Motion (GBM) derivatives pricing methodology. Its overall volatility is linked to BTC's rise and fall but at a higher rate, with more extreme fluctuation. The MADBTC price can be traced and verified through BTC price and MADBTC historical price to ensure the fairness of the index.

Note: MADBTCUSD does not exactly replicate BTC price movements. BTC price is one influencing factor. MADBTCUSD is also determined by random numbers known as 'norm' in the formula (view Index Details).