Hegic is a decentralized options trading protocol based on a peer-to-peer AMM model operating on the Arbitrum network. It lets sellers take positions through the Stake & Cover pool, allowing DeFi users to trade BTC and ETH call or put options with American-style ATM (at-the-money) and OTM (out-of-the-money) strikes.
The Hegic protocol supports multiple trading strategies with a single click, zero trading fees, and a straightforward interface. All options traded on Hegic are settled in USD Coin (USDC) on the platform.
Traders can use Hegic’s platform to trade options as options buyers and provide liquidity. The Hegic protocol can be used for hedging, yield, leverage, and speculation options trading.
HEGIC, an ERC-20 token, is the native token of the Hegic DeFi protocol. It lets token holders participate in Hegic’s Stake & Cover activities as options writers.
