$0.01290092
- Market Cap$13,914,571.027
- 24 Hour Trading Vol$74.92
- Fully Diluted Valuation$13,903,129.615
- Circulating Supply1,077,684,725
- Total Supply1,077,684,725
- Max Supply1,077,684,725
- Hegic Price$0.01290092
- Trading Volume$74.92
- Market Cap$13,914,571.027
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Hegic (HEGIC) is an Ethereum-based platform for options trading. It runs on purpose-built smart contracts, hedge contracts, and liquidity pools, and it was launched in 2020 by a developer who uses the pseudonym Molly Wintermute.
The project is designed to improve transparency, promote trustlessness, and enable direct settlement on-chain for crypto trading-especially involving Ethereum-based assets. On the platform, traders can buy and sell put and call options for ETH and wBTC, along with other supported assets.
HEGIC serves as the platform’s native token. To check the current price of HEGIC, please use the live price chart above.
What are Hegic (HEGIC)’s key features and how does it work?
The Hegic platform relies on hedge contracts. Two core participant groups take part in this process: buyers of hedge contracts and writers of hedge contracts. Contract holders (buyers) receive the right to buy or sell an asset at a pre-set price (strike price), while contract writers (sellers) are required to buy or sell an asset within a specified time window. In this way, the Hegic approach blends elements of traditional finance with crypto options trading to broaden its capabilities.
Liquidity pools are another important piece of the Hegic Platform. They are built to collect liquidity from multiple liquidity providers-who act as writers of hedge contracts-helping to lower potential risk while supporting deeper liquidity. Hegic liquidity pools are non-custodial, meaning funds are not accessible to any third party, except by the hedge contract holders themselves.
Hegic’s native token is HEGIC, a utility token. It is an ERC-20 token primarily used to distribute rewards. Users can obtain HEGIC through holding the token.
Specific benefits of holding HEGIC include:
30% discount when purchasing hedge contracts on the Hegic platformPriority unlocks on liquidity for hedge contact writersLiquidity providers can earn HEGIC, as well as premiums paid in ETH and wBTCWhat is noteworthy about Hegic (HEGIC)?
For options traders, shifting to DeFi can bring advantages compared with centralized trading venues. Some of Hegic’s highlighted benefits include:
No KYCCensorship-resistant and non-custodial tradingVerifiable on-chain settlementsYield earningHegic also intends to broaden its product lineup, extend its offerings to additional assets across the Ethereum ecosystem, and further refine its hedge contract functionality.
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