### What is Hegic?

Hegic is a decentralised, peer-to-pool options trading protocol built on Arbitrum, an Ethereum layer 2 solution. It allows users to trade options in a decentralised manner, offering a platform for buyers to customise options parameters and for writers to sell options and earn premiums. Hegic also utilises the HEGIC token for governance and participation in decision-making processes.

### How does Hegic work?

Hegic operates using smart contracts on the Ethereum blockchain, specifically harnessing Arbitrum for scalability. The protocol facilitates decentralised options trading through its liquidity pools and specialised contracts. This includes call and put options contracts which manage trading activities, and liquidity pool contracts that handle pooling funds, locking and unlocking assets, and settling transactions on-chain. Hegic is non-custodial, ensuring users retain control over their assets, and uses on-chain settlements to provide transparency and trustlessness in transactions.

### What are the potential use cases for Hegic?

Potential use cases for Hegic include:

1. **Decentralised Options Trading**: Enables hedging against crypto investments and speculative trading on price movements of Ethereum-based assets like ETH and wBTC.
   
2. **Liquidity Provision**: Users can participate as liquidity providers, earning rewards such as premiums and fees, while retaining control of their funds.

3. **Governance**: Through the HEGIC token, users can engage in governance practices by voting on protocol changes and participating in the decision-making process.

4. **Staking**: By staking HEGIC tokens, users can benefit from fees and rewards, aligning them with the protocol’s growth and success.

### What is the history of Hegic?

Hegic was founded in January 2020 by an anonymous developer known as Molly Winterminute. Its primary goal was to introduce transparency and on-chain settlement to options trading in the crypto space. Key milestones include the release of its whitepaper in February 2020, significant token distribution through a bonding curve smart contract, and integration with the DeFi ecosystem. Hegic also marked a breakthrough in permissionless token sales and has been evolving with community governance plans and expanding asset support.

Hegic

Deposits and withdrawals are not currently available for this coin.

Important Notice

Uniswap

Aave

NEXO

Rocket Pool ETH 

JUST

PancakeSwap

Sun Token

Curve DAO

DeXe

Injective

Lido DAO

Olympus

Binance Wrapped BTC

Pendle

Compound

Convex Finance

Raydium

THORChain

Hegic (HEGIC)

Similar Coins

DAI

UNI

AAVE

NEXO

RETH

JST

CAKE

SUN

CRV

DEXE

INJ

LDO

OHM

BBTC

PENDLE

COMP

CVX

RAY

RUNE

Resources

Hegic (HEGIC) Price Index

Hegic Price

Trading volume

Market cap

Resources