Hegic is an on-chain peer-to-pool options trading protocol on Arbitrum that enables users to trade non-custodial call and put options for Bitcoin and Ethereum with zero fees and guaranteed payouts. The platform simplifies options trading, allowing investors to hedge their positions and select strike prices to mitigate potential losses while maximizing returns.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cryptocurrency options trading can be complex, expensive, and require a deep understanding of financial instruments, deterring many potential users. Existing platforms often suffer from high fees, illiquidity, and a lack of user-friendly interfaces.
Solution
Hegic offers a simplified on-chain options trading protocol on Arbitrum, enabling users to trade call and put options for Bitcoin and Ethereum through a peer-to-pool model. The platform focuses on user experience by providing one-click options trading for both basic and sophisticated strategies. Hegic ensures guaranteed payouts of profit and loss (P&L) when options are exercised and eliminates trading fees, charging only the option premium.
Target Audience
Hegic targets cryptocurrency traders and investors seeking a simplified, cost-effective way to trade options on Bitcoin and Ethereum, particularly those who are new to options trading or prefer a user-friendly interface.
Features
- One-click trading interface for simplified options strategies
- Support for both call and put options on Bitcoin and Ethereum
- Guaranteed payouts of net P&L for in-the-money options
- Zero trading fees, with only the option premium charged
- Peer-to-pool model for increased liquidity
- Options strategies such as bull call spread, bull put spread, and strap
- User-friendly UI with clear payoff profiles overlaid on price action