Hegic a decentralized options protocol
Hegic is a protocol that allows users to buy and sell options on Ethereum. Options are contracts that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price and time. Options can be used for hedging, speculation, or income generation.
Hegic is different from other options platforms because it is decentralized, non-custodial, and permissionless. Users can interact with the protocol directly from their wallets, without intermediaries or KYC. Hegic also uses a pooled liquidity model, where option buyers and sellers share the same liquidity pool, reducing the risk of slippage and increasing capital efficiency.
My calls recently paid out well in % terms when eth and btc shot up and I had been buying calls when BTC was low as well as eth. I will be using the stake and cover option this time where you take the writer side of the options via the stake and cover product. Going to test it out with a few hundred dollars as well as Stryke another options platform but you can make the markets for the various strikes in a orderbook and specify the range where you want to provide liquidity.
https://www.hegic.co/?ref=0x9328c78FDa563b91b97D6B7A27D179EA7585A116
Options strategies on Hegic:
Hegic offers two types of options: call and put. A call option gives the buyer the right to buy the underlying asset, while a put option gives the buyer the right to sell the underlying asset. Users can choose the strike price, expiration date, and amount of the option.
Depending on their market view and risk appetite, users can employ different options strategies on Hegic. Some of the common strategies are:
To use Hegic, users need to have an Ethereum wallet, such as Metamask, and some ETH or WBTC to buy or sell options.
Users can also stake their ETH or WBTC in the liquidity pool to earn rewards and fees from the protocol.
To buy or sell an option, users need to visit the Hegic website and connect their wallet. The protocol will calculate the premium and the payout for the option.
If you want to try Hegic with a 10% discount on your first option purchase, use my referral link:
https://www.hegic.co/?ref=0x9328c78FDa563b91b97D6B7A27D179EA7585A116
