Welcome
The premise
Make the size of the move the thing that is traded, settled from two observed prices.
The move
Every MoveX market is built on one quantity: how far the price travels between the start and the end of a fixed window.
move = |close − open|
If the price rises 3% or falls 3%, the move is the same. The trader only needs a view on size: larger or smaller than what the market is pricing.
Two ways to trade it
| Volatility Pools | MOVE contracts | |
|---|---|---|
| Question | Will the move exceed a threshold? | How large will the move be? |
| Payoff | Winning side shares the losing pool | Linear in the move, $1 per $1 |
| Pricing | Ratio between the two pools | Order book |
| Leverage | None | 1x to 3x, isolated margin |
| Most you can lose | The deposit | The margin, through liquidation |
| Windows | Hourly and daily | Hourly to monthly |
Design principles
- Realized, not implied. Settlement depends only on observed prices, never on a model or an index.
- One position. No legs to combine, hedge or rebalance, and no funding payments.
- Fixed windows. Every market has a known start and end, aligned to exchange sessions or to UTC.
- Checkable rules. Thresholds, payouts and settlement are computed on chain from inputs anyone can read.
Start with Volatility Pools, which are live on devnet, or try a MOVE contract in the playground.