Information about "Hegic"
What is Hegic?
Hegic is an American-style, on-chain automated market maker (AMM) for trading options on the Arbitrum network.
The platform allows you to trade call and put options for BTC or ETH with at-the-money (ATM) and out-of-the-money (OTM) strikes. You can also choose from various one-click strategies based on your market outlook, whether it's bullish, bearish, or involves high or low volatility.
For more comprehensive insights into how Hegic operates, the different options strategies available, and the function of the $Hegic token within the ecosystem, visit the Hegic Learn section.
The platform allows you to trade call and put options for BTC or ETH with at-the-money (ATM) and out-of-the-money (OTM) strikes. You can also choose from various one-click strategies based on your market outlook, whether it's bullish, bearish, or involves high or low volatility.
For more comprehensive insights into how Hegic operates, the different options strategies available, and the function of the $Hegic token within the ecosystem, visit the Hegic Learn section.
Who Are the Founders of Hegic?
Hegic was established by a pseudonymous developer in the DeFi space who goes by the name Molly Wintermute. This Twitter personality entered the scene on January 28, 2020. Molly Wintermute's tweets primarily focus on the progress and updates of the Hegic platform, as well as statistics showcasing the daily trading volume records on the derivatives exchange.
What Makes Hegic Unique?
Hegic stands out with its ETH and DAI liquidity pools.
The ETH pool is non-custodial, allowing liquidity providers to earn premiums in ETH. The ETH deposited in this pool is utilized for selling ETH call options. Option holders can exchange their DAI for ETH at the strike price once their options expire. In return, the option buyer pays a premium, which is shared among liquidity providers on a pro-rata basis when the option matures, typically ranging from two days to four weeks.
The DAI pool caters to DAI liquidity providers and is generally used for selling ETH put options. Providers contribute DAI for writeDAI tokens, allowing them to support traders interested in purchasing put options.
The ETH pool is non-custodial, allowing liquidity providers to earn premiums in ETH. The ETH deposited in this pool is utilized for selling ETH call options. Option holders can exchange their DAI for ETH at the strike price once their options expire. In return, the option buyer pays a premium, which is shared among liquidity providers on a pro-rata basis when the option matures, typically ranging from two days to four weeks.
The DAI pool caters to DAI liquidity providers and is generally used for selling ETH put options. Providers contribute DAI for writeDAI tokens, allowing them to support traders interested in purchasing put options.
How Many Hegic (HEGIC) Coins Are There in Circulation?
As of February 2021, there are 357,703,899 Hegic (HEGIC) tokens in circulation, with the total supply capped at 3,012,009,888 HEGIC.
How Is the Hegic Network Secured?
The HEGIC token is an ERC-20 token, and the network's security is designed to ensure that hedge contracts operate independently of external price feeds. This approach is meant to secure active hedge contracts and safeguard oracles against price manipulation and vulnerabilities.
Where Can You Buy Hegic (HEGIC)?
You can purchase, trade, or sell Hegic (HEGIC) on the following exchanges:
* Binance
* OKEx
* ZT
* MXC.com
* Uniswap (V2)
If you're interested in learning more about acquiring Bitcoin (BTC), check out our detailed step-by-step guide.
* Binance
* OKEx
* ZT
* MXC.com
* Uniswap (V2)
If you're interested in learning more about acquiring Bitcoin (BTC), check out our detailed step-by-step guide.
