Hyperliquid has introduced new financial instruments known as BVIV perpetuals, designed to allow traders to easily go long or short on 30 day bitcoin volatility. These perpetual contracts provide a direct method for market participants to speculate on the anticipated price fluctuations of bitcoin over a month long period. The introduction of these tools broadens the scope of trading opportunities available on the platform.
The deployment of these BVIV perpetuals occurred via Kinetiq's Markets frontend. This specific project was led by Cole Kennelly, who is the CEO of Volmex. His involvement was key to bringing these new trading options for bitcoin volatility to the Hyperliquid platform, expanding its financial offerings.