What Is Hegic?
Hegic is a decentralized platform on Ethereum that allows for peer-to-pool options trading. It has its governance token, HEGIC, which also entitles holders to a share of the fees generated by the platform.
Background
An anonymous team founded Hegic in 2020.
How It Works
Hegic operates on the Ethereum blockchain, and its operations revolve around the buying and selling call and put options with a maximum duration of 45 days. Users can not only trade options but also provide liquidity for the platform.
Users of Hegic can buy call or put options at a given strike price. They can also supply at-the-money liquidity, used to collateralize the options the protocol sells, earning premiums in the process. HEGIC token holders have the power to propose and vote on changes to the protocol, and they can stake their tokens to earn a portion of the platform’s fees.
Key Takeaways
- Hegic is a decentralized platform for peer-to-pool options trading.
- The platform operates on the Ethereum blockchain.
- Users can trade options, provide liquidity, and earn premiums.
- HEGIC, the platform’s governance token, gives holders voting rights and a share of the platform’s fees.
- The platform was founded by an anonymous team in 2020.
