Hegic (HEGIC) is a decentralized, peer-to-pool options trading protocol built on Arbitrum, an Ethereum layer 2. It allows users to trade in options in a decentralized manner, providing a platform for buyers to customize options parameters and for writers to sell options and earn premiums. The protocol pools liquidity to facilitate trading, offering a non-custodial, trustless, and composable solution for Ethereum-based asset trading.
Hegic (HEGIC) is a cryptocurrency token used in various ways within the Hegic protocol, a decentralized platform for peer-to-pool options trading on Ethereum. Here are the primary uses of HEGIC:
Governance Voting: HEGIC token holders can participate in governance by voting on proposals to change hedge contract rates, settlement fees, strike price multipliers, and other parameters.
Rewards and Staking: Holders can earn rewards and collect fees from the platform by staking their tokens. Settlement fees accrued on Hegic are distributed quarterly among all HEGIC token holders.
Discounts on Hedge Contracts: Holders of HEGIC tokens can receive discounts on hedge contracts. The market value of the tokens must be equal to or higher than the strike price of the hedge contract to qualify for the discount.
- Priority Liquidity Unlock: Writers who hold HEGIC tokens can have priority unlocks of their liquidity, ensuring no delays in accessing their funds.
These uses provide a comprehensive value proposition for HEGIC token holders, combining governance, utility, and financial benefits.
To store Hegic (HEGIC) tokens, you can use any ERC-20 token supported wallet. The best options are non-custodial Web3 wallets that provide seamless access to DeFi applications. Some recommended wallets include MetaMask and MyEtherWallet (MEW). Additionally, Hegic can be stored on a wide variety of other reputable wallets supporting ERC-20 tokens.
To buy Hegic (HEGIC) tokens, follow these steps:
Create an Account:
- Sign up on a cryptocurrency exchange such as KuCoin, Kriptomat, or other supported platforms.
- Verify your email, phone number, and identity to unlock the full potential of the platform.
Add Funds:
- Deposit fiat currency using a bank transfer or credit card.
- Ensure you have sufficient funds to purchase the desired amount of HEGIC tokens.
Buy Hegic:
- Navigate to the Buy & Sell section and select "Buy" for Hegic (HEGIC).
- Choose Hegic from the list of cryptocurrencies and enter the amount you wish to purchase.
- Preview the transaction and confirm your purchase.
- Store Your HEGIC:
- You can store your HEGIC tokens on the exchange or transfer them to a non-custodial wallet for added security.
These steps will guide you through the process of buying Hegic (HEGIC) tokens securely and efficiently.
