Hegic HEGIC Price

What is Hegic (HEGIC)?

Hegic (HEGIC) has emerged as a groundbreaking Ethereum-based options trading platform, founded in 2020 by the enigmatic developer Molly Wintermute. The platform utilizes smart contracts, hedge contracts, and non-custodial liquidity pools to facilitate transparent, trustless, and on-chain settlements for crypto trading, particularly focused on Ethereum-based assets like ETH and wBTC. Hegic employs a unique approach with hedge contracts, involving buyers and writers, allowing users to buy and sell options with predetermined strike prices. Its native token, HEGIC, operates as a utility token, providing users with benefits such as a 30% discount on hedge contracts, priority liquidity unlocks, and opportunities for liquidity providers to earn HEGIC along with premiums paid in ETH and wBTC.

Hegic's on-chain AMM options trading protocol on Arbitrum distinguishes itself with American-style options, enabling users to trade BTC or ETH call and put options with various strike prices. The platform's uniqueness lies in its ETH and DAI pools, where non-custodial liquidity providers can earn premiums in ETH. Hegic's decentralized nature eliminates the need for KYC, ensuring censorship-resistant and non-custodial trading with verifiable on-chain settlements. With an ERC-20 token, HEGIC, at its core, the platform secures its hedge contracts independently of external price feeds, enhancing the overall security of the network.

In the world of decentralized finance (DeFi), Hegic stands out for its innovative Stake & Cover pool, allowing users to trade options, provide liquidity, and participate in activities as options writers. Hegic charges zero taker fees, relying on premiums as the total cost of options. Users can engage in various trading strategies with a single click, including Bullish, Bearish, High or Low Volatility. The history of Hegic showcases its continuous evolution, from its February 2020 launch to the successful Initial Bonding Curve Offering (IBCO) in September 2020, where over 5,400 ETH was contributed in the first 24 hours. The platform's commitment to community involvement is evident through its decentralized governance process, enabling participants to vote on proposals for future developments. As Hegic continues to refine its hedge contract functionalities and expand its product offerings, it remains a key player in the decentralized options trading space.

What is unique about Hegic (HEGIC)?

Hegic stands out with its Ethereum-based decentralized options trading platform, offering non-custodial trading, a Stake & Cover pool, and HEGIC token rewards.

Who are the founders of Hegic (HEGIC)?

Hegic was founded by Molly Wintermute, a pseudonymous DeFi developer and Twitter personality, who initiated the platform's operations in January 2020.

Where can I buy Hegic (HEGIC)?

You can buy Hegic (HEGIC) on Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum One), Uniswap V2 (Ethereum)Sushiswap cryptocurrency exchanges.