💢MADCAKEUSD

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

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

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