# Perpetual Volatility Indices

The perpetual BTC volatility index (PVIX-BTC) is a perpetual index that settles to the average Funding Rate across all perpetual BTC options contracts on Everstrike. PVIX-BTC enables market participants to have direct vega exposure, without taking directional risk.

PVIX-BTC is scheduled for Testnet release in Q3 2026.


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