Hedget Project Introduction: The Decentralized Options Trading Platform

Hedget is a decentralised protocol for options trading. By putting up collateral, users can create and trade different option series on chain. Decentralised option products allow users to hedge price fluctuation and also the risk in their collateralised lending positions.

The protocol also adds in support on Layer 2 to existing blockchains such as Ethereum to enable faster, cheaper, and more complex transactions.

Hedget also issues $HGET token on the platform for governance and other utility purposes.

💡Whitepaper: https://www.hedget.com/whitepaper.html 💡Official website: https://www.hedget.com/

✨KEY FEATURES OF Hedget✨

1🔷 A decentralized cryptocurrency options trading platform

2🔷 Cryptocurrency futures vs options

3🔷 How options work No obligation

4🔷 No counter-party risks 100% collateral No custody Go between two client-side wallets

5🔷 3 components ESC: Ethereum smart contract which handles ETH and ERC-20 token deposits and withdraws and implements physical settlement.

CTD: Chromia-based blockchain (dApp) which handles trades, track ownership of contracts and facilitates communication necessary to perform settlement through Ethereum smart contracts.

CSW: Client-side wallet and trading user interface, which takes commands from the user and carries them out using Ethereum smart contract and Chromia dApp

6🔷 Fee Structure Taker fee 0.04% of underlying (matches Deribit5, less than on FTX exchange) Maker fee -0.02% of underlying (unique offer on the market, rebate fee part of liquidity mining) 0.02% difference between Taker and Maker fees will go to special Reserve locked for two years and governed by DAO Settlement fee 0.02% + ETH fees (if settled on Ethereum) paid by the option buyer

7🔷 Tokenomics

10Million $HGET token 10% of the tokens will be reserved for team and advisors, the tokens will be unlocked on a monthly basis during 2 years;

8.77% of the tokens will be distributed through private sale;

4.23% of the tokens will be distributed to users and investors through public sale;

50% of the tokens will be locked for liquidity mining, tokens will be minted on a daily basis and distributed to users who participate in writing options (0.02% of underlying of each option settled);

7% of the tokens will be used for DEXes liquidity and trading (such as Uniswap), trading competitions, drops and other activities to kickstart the usage of Hedget protocol;

20% of the tokens will be locked in a reserve fund until 2 years after the platform is live and the usage of these tokens will be determined by Hedget DAO

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