Does a Volatility Index like VIX Have an Adjustment Mechanism Similar to Bitcoin’s Difficulty?
No, the VIX (CBOE Volatility Index) does not have a formal 'difficulty adjustment' mechanism. VIX is calculated using the real-time prices of a basket of S&P 500 index options, representing the market's expectation of future volatility.
Its value changes dynamically based on market activity, not a periodic protocol-driven recalibration to maintain a target rate. The closest analogy is the continuous market pricing mechanism itself.