What is Hegic (HEGIC)?
HEGIC is the native token of the Hegic Protocol, which is an on-chain options trading platform. The protocol employs hedge contracts and liquidity pools based on Ethereum. Hedge contracts are on-chain contracts that resemble options and offer the seller or writer the right and the responsibility to buy or sell a specific asset at a defined price within a given time frame (strike). The EVM is used to execute the code of these contracts.
The Hegic price chart is featured above for those seeking for the current HEGIC price.
The main mechanism presented by Hegic is an options trading portal that incorporates the notion of liquidity pools. In exchange for a share of the transaction expenses, it enables users to directly offer liquidity or trade options for profit. Besides, it is worth noting that there are no third parties required in the process of establishing and maintaining these contracts.
Talking about liquidity pools, ETH and DAI pools are two of the main elements of the whole project. The ETH pool of Hegic is a non-custodial pool. The pool's entire deposit of ETH is utilized to sell ETH call options. Those who own these options can exchange their DAI for ETH at the strike price when the options expire. Besides, all liquidity providers receive a premium in ETH from this pool.
The DAI pool, on the other hand, is intended for DAI liquidity providers. However, selling ETH put options is the traditional usage of it. Thus, this pool is designed for investors who want to buy put options in which providers supply their proportion of DAI in exchange for writeDAI tokens (Hegic DAI LP tokens).
Use Cases of HEGIC Tokens
The HEGIC token is the platform's native utility token based on the ERC-20 token standard. The following are the main use cases of HEGIC crypto assets:
- Governance. HEGIC tokens grant holders voting rights while deciding the future of the project.
- Rewards. HEGIC tokens are used to reward liquidity mining and trading. The rewards are distributed in rHEGIC tokens that have variable vesting periods.
- Means of payment. Settlement fees are covered using HEGIC tokens.
- Staking. HEGIC tokens can be staked in order to receive rewards.
Planning to buy HEGIC coins? If you are, make sure to check the live Hegic price chart above. You can find the current and the previous HEGIC price there.
Who Founded Hegic?
The Hegic crypto project was founded by Molly Wintermute, who is a pseudonymous developer and Twitter personality.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
25.92K
Followers: 25,925
0.05%
Following
0
Posts count
1,750
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Subreddit type
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Moderators
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These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
942
0.21%
Title
Hegic 🌖
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
45 / 100
4.26%
Ahrefs Rank
938,931
20.49%
Organic Traffic (mo.)
271
5.56%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
21
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
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Watchers
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Forks
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Language
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Hegic hot topics
Currently, official Hegic Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@HegicOptions posts