Hegic ($HEGIC) is an on-chain options trading protocol that is powered by hedge contracts and liquidity pools on Ethereum. A hedge contract is an options-like, on-chain contract that gives the holder or buyer a right to buy or sell an asset at a certain price (strike) as well as imposes an obligation on the writer or seller to buy or sell an asset at a certain time period.
You can buy WBTC or ETH call and put options as an individual holder (buyer) or sell ETH call and put options as one of the liquidity providers.
These hedge contracts are non-custodial, trustless and censorship-resistant. The hedge contracts are guaranteed by the liquidity locked into them and the Ethereum Virtual Machine (EVM) that executes the code autonomously.
Hegic introduces a mechanism that integrates a pool model for liquidity providers that want to enhance trustless options trading. This Ethereum-based platform is an options trading portal where traders are able to engage for profit, or directly participate as a liquidity provider for a share of the transaction fees. Each of the contracts is fully created, maintained and settled in a decentralized way without any involvement of third-party processors.
The HEGIC token is an ERC-20 utility token that is used for the distribution of 100% of the settlement fees between all of the token holders. The transaction fees that are accumulated are distributed to all HEIGC holders throughout each quarter. The holders can then participate in governance by determining the rates, the settlement fee sizes, the strike price multipliers and the types of assets supported.
HEGIC token holders get a 30% discount when purchasing contracts.
- Non-custodial 24/7 global options trading
- Verified on-chain settlement of each option contract
- Choose any strike price for WBTC or ETH Call / Put options
- Exercise at any moment during the period of holding a contract
- Exercising is guaranteed by the liquidity locked on an option contract
- Mobile compatible interfaces for trading on the go using WalletConnect
- Censorship-resistant protocol without a KYC, email or registration required
- Earn yield on WBTC or ETH as one of the liquidity providers
- Liquidity auto diversification among all the contracts for the options writers
