Article Summary, Automatically Generated By AI
Summary of Hegic
Key Features
- On-chain AMM options trading protocol on Arbitrum
- Trade BTC or ETH call and put options with ATM and OTM strikes
- One-click strategies depending on market sentiment
- ETH and DAI pools
Founders and History
- Founded by pseudonymous DeFi developer Molly Wintermute
- Active on Twitter since January 28, 2020
Token Information
- Circulating supply: 357,703,899 HEGIC tokens
- Maximum supply:
About Hegic: Empowering Options Trading on Ethereum
Hegic: A Revolutionary Decentralized Options Trading Protocol
Hegic is a pioneering, American-style, decentralized options trading protocol, natively deployed on the Arbitrum network, facilitating seamless on-chain transactions.
You can engage in trading BTC or ETH call and put options, featuring ATM (at-the-money) and OTM (out-of-the-money) strike prices, alongside a diverse range of one-click strategies tailored to accommodate varying market sentiments, including Bullish, Bearish, High Volatility, and Low Volatility scenarios.
For a more in-depth understanding of Hegic’s inner workings, the diverse range of options strategies available, and the pivotal role of $Hegic within the ecosystem, we invite you to explore Hegic’s comprehensive Learn section.
The Visionaries Behind Hegic: Meet the Founders
Hegic was founded by the enigmatic DeFi developer and Twitter personality, Molly Wintermute, who emerged on the scene on January 28, 2020. Molly Wintermute’s tweets provide insightful commentary on the developments and upgrades to the Hegic platform, as well as highlighting the impressive daily volume records achieved on the derivatives trading platform.
Unveiling the Unparalleled Hegic Advantage
Notably, Hegic boasts two pivotal components: its ETH and DAI liquidity pools, which form the cornerstone of its operational framework.
The Hegic ETH pool operates on a non-custodial basis, allowing liquidity providers to earn a premium denominated in ETH. The deposited ETH in this pool is utilized for selling ETH call options, enabling holders to exchange their DAI for ETH at the strike price upon expiration. In return, the option buyer pays a premium, which is subsequently distributed to liquidity providers on a pro-rata basis when the option expires, typically within a two-day to four-week timeframe.
The DAI pool is specifically designed for DAI liquidity providers, primarily utilized for selling ETH put options. This pool caters to traders seeking to acquire puts, where providers contribute their share of DAI in exchange for writeDAI tokens.
What Is the Circulating Supply of Hegic (HEGIC) Coins?
As of February 2021, Hegic (HEGIC) boasts a circulating supply of 357,703,899 tokens, with a maximum supply capped at 3,012,009,888 HEGIC.
The Hegic Network’s Security Framework: A Robust Defense Mechanism
The HEGIC token, an ERC-20 token, boasts a unique feature: the maintenance and execution of hedge contracts are entirely self-sufficient, independent of external price feeds. This design ensures the unwavering security of active hedge contracts, safeguarding oracles from the threats of price manipulation and potential exploits.
Where to Acquire Hegic (HEGIC) Tokens
Investors can buy, trade, or sell Hegic (HEGIC) on the following esteemed cryptocurrency exchanges:
- Prominent exchanges, including Binance, OKEx, ZT, MXC.com, and Uniswap (V2),
For those eager to delve into the world of cryptocurrency, we offer a comprehensive, step-by-step guide on how to purchase Bitcoin (BTC), providing a seamless and informed experience.
Associated Resources:
Delve into the world of dHedge DAO and discover its intricacies.
Delve into the world of Basic Attention Token and discover its intricacies.
Delve into the world of ERC-20 tokens on CMC Alexandria, your premier destination for in-depth knowledge and insights.
Elevate your cryptocurrency expertise with insightful articles and industry updates on the CoinMarketCap blog.