💢MADETHUSD

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

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

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