Hegic (HEGIC)

Options Trading

Hegic is an on-chain options trading protocol on Ethereum. Users can buy call and put options for Ethereum-based assets like ETH and WBTC. Call options give the right to buy an asset at a fixed price, while put options give the right to sell. This allows traders to profit or hedge their positions.

Liquidity Provision

Users can provide ETH or DAI to liquidity pools, which are used to sell call and put options. Liquidity providers earn premiums paid by option buyers and receive HEGIC token rewards. This helps collateralize the options and supports the platform’s operations.

HEGIC Token Utility

The HEGIC token is used for governance voting, distributing rewards to liquidity providers, and as a utility token within the platform. Token holders can earn fees from option settlements and participate in the protocol’s growth.

Decentralization and Non-Custodial Features

Hegic operates fully on-chain with smart contracts, requiring no middlemen or KYC. This ensures trustless, transparent, and censorship-resistant options trading.

Yield Opportunities

By providing liquidity, users can earn estimated yields (up to around 29% APY) from premiums collected on options sold from the pools.

In summary, Hegic enables decentralized, non-custodial options trading on Ethereum, lets users earn rewards by providing liquidity, and uses the HEGIC token for governance and incentives.

Advantages

• Hegic is a decentralized options trading platform on Ethereum, allowing users to buy and sell call and put options without intermediaries.
• It uses smart contracts for secure, trustless, and transparent transactions.
• The platform has a user-friendly interface that appeals to both beginners and experienced traders.
• Liquidity providers can earn premiums by writing options contracts in Hegic's liquidity pools.
• HEGIC token holders participate in governance, voting on protocol changes like contract rates and fees.
• The protocol supports non-custodial trading, meaning users keep control of their assets without needing KYC or registration.
• Hegic offers flexibility with customizable strike prices and option durations.

Disadvantages

• The price of HEGIC has experienced significant declines, including a drop of over 96% from its all-time high, reflecting high volatility.
• Recent price trends show underperformance compared to the broader crypto market and similar Ethereum ecosystem tokens.
• The market sentiment around HEGIC is currently pessimistic, indicating uncertainty about price recovery.
• As a high-risk token, its value can fluctuate widely, which may not suit all investors.
• Trading volumes, while recently increased, remain relatively low compared to major cryptocurrencies.

Founders

Hegic was created by an anonymous developer who goes by the name Molly Wintermute. Some sources describe Molly Wintermute as a pseudonymous or anonymous founder.

Background

• Founded in 2020
• Operates as an on-chain peer-to-pool options trading protocol on Ethereum
• Headquartered in Singapore (according to some profiles) and also noted as based in Colombia in others

Molly Wintermute is the key individual associated with founding Hegic.

Investors in Hegic

Hegic has a large number of investors, with data showing around 9,588 investors involved. The company is private and based in Singapore, founded in 2020. Specific names of individual or institutional investors are not publicly detailed in the available information. The platform attracts investors interested in decentralized options trading on Ethereum, offering features like staking HEGIC tokens to earn fees from options trading.

Investment Features

• Investors can buy and sell ETH and BTC call and put options.
• HEGIC token holders can stake their tokens (in lots of 888,000 tokens) to earn 1% fees from options settlement.
• The protocol aligns token investors financially with its growth through these fees.
• The platform supports non-custodial, on-chain options trading without KYC or registration.

Summary

While specific investor names are not listed, Hegic has thousands of investors supporting its decentralized options trading protocol, with opportunities for token staking and earning fees as part of the investment ecosystem.

Halal Status of Hegic

• No: There is no information available indicating that Hegic is certified halal or complies with Islamic principles related to halal financial practices. Halal certification typically involves adherence to specific ethical and legal standards, including the prohibition of interest (riba) and ensuring fairness, which are not confirmed for Hegic.