IVX 

What is the IVX protocol?

IVX is a derivatives protocol built on Berachain that operated multiple markets: Diem, an AMM-based market for 0DTE (zero-days-to-expiry) options on BERA, ETH, and BTC, and Levo, an intent-based perpetual futures market. Liquidity providers deposited into vaults for IVLP shares earning trading fees and BGT rewards. The IVX protocol is now winding down operations, and the $IVX token has never launched.

Is there an IVX token?

No. IVX documented a fixed total supply of 100,000,000 $IVX on the Berachain network, but no $IVX token exists on-chain. No TGE occurred, no contract was ever deployed, and $IVX has never traded. Planned token utility included fee-funded smart buybacks, discounted trading fees, and governance over asset listings. A token launch remains unannounced.

When is the IVX TGE?

No TGE date was ever announced for IVX. The official documentation published a full distribution schedule — a Public Round of 1.15% fully unlocked at TGE and Market Making/Initial LP allocations of 4.5% unlocked at TGE — but none of these schedules activated. Because the protocol is winding down, any future token launch would require a relaunch that has not been announced.

What was the IVX airdrop and who qualified?

IVX planned an airdrop of 4.2% of total $IVX supply for early users of the Artio testnet, with a 3-month linear vest at TGE. No claim ever opened, because the TGE did not occur. Community incentives formed the largest planned allocation at 56.6% of supply. Insider buckets (Seed, Strategic, Team, Advisors) totaled roughly 33.6%, a concentration risk had the token launched.

Is the IVX protocol still operating?

No. The official IVX website displays a notice stating that the protocol is winding down operations. As part of the shutdown, a force-withdrawal was executed on the IVLP token, and all vault funds were returned to users' wallets. IVX recovery depends on a relaunch that is not announced. Both IVX earning campaigns ended in 2025.

What is Diem on Berachain?

Diem was IVX's AMM-based options market for 0DTE options — options expiring the same day they trade. Markets covered BERA, ETH, and BTC, with SOL and HYPE added later on Hyperliquid EVM. Diem allowed effective leverage of up to roughly 500x without a liquidation engine. Half of Diem market fees went to IVLP providers; the other half funded an insurance fund.

How did IVX staking and IVLP vaults work?

The IVX staking campaign started on March 26, 2025. Users deposited wBTC, wETH, wBERA, or HONEY into IVX vaults and received IVLP shares in return. IVLP positions earned 50% of Diem market fees plus BGT rewards, with a fixed 30% APR advertised. A trading campaign tied to the Diem and Levo rollout followed on March 29, 2025. Both campaigns have ended.

Who invested in IVX and how much did the seed round raise?

Per DropsTab data, IVX raised $1.2 million in a single seed round on May 22, 2024. Animoca Brands and AVID3 led the round. Additional investors included Web3Port, Forbole, Big Brain Holdings, Cogitent Ventures, and angel investor Ameet Patel. Web coverage from October 2024 corroborated the $1.2 million seed led by Animoca Brands' venture arm.

What does IVX's fundraising signal about project maturity?

IVX completed one disclosed funding round and no Series A followed. The $1.2 million seed was the entirety of IVX's disclosed fundraising. No additional funding was announced between the May 2024 seed and the protocol wind-down, and the token never reached TGE — the funding record reflects an early-stage protocol that did not scale to a full token launch.

Can you buy the IVX token on exchanges?

No. $IVX has never been listed on any centralized or decentralized exchange, because the token never launched on-chain. The only on-chain instruments were the IVLP liquidity-provider token, which was force-redeemed during the wind-down, and vault positions. No spot, DEX, or derivatives market for IVX exists. IVX also shares its ticker string with an unrelated immunology conference — a different entity entirely.