Hegic (HEGIC) is an Ethereum-based decentralized options trading platform launched in 2020 by Molly Wintermute. It leverages smart contracts and liquidity pools for transparent and trustless on-chain settlements, primarily for Ethereum-based assets. Traders can buy and sell ETH and wBTC put/call options. HEGIC is the platform's native utility token used for rewards and providing benefits like discounts on hedge contracts, priority liquidity unlocks, and earning premiums for liquidity providers. The platform utilizes hedge contracts, involving buyers (contract holders) and writers (sellers). Buyers gain the right to buy or sell an asset at a strike price, while sellers are obligated to fulfill the contract within a timeframe. Liquidity pools are non-custodial, gathering liquidity from prov...
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