Hegic is a decentralized options trading protocol based on a peer-to-peer AMM model operating on the Arbitrum network. It allows sellers to take positions through the Stake & Cover pool, enabling DeFi users to trade BTC and ETH call or put options with American-style ATM (at-the-money) and OTM (out-of-the-money) strikes.

The Hegic protocol supports multiple trading strategies with a single click, zero trading fees, and a user-friendly interface. All options traded on Hegic are settled in USD Coin (USDC) on the platform.

Traders can use Hegics platform to trade options as buyers and provide liquidity. The Hegic protocol can be utilized for hedging, yield, leverage, and speculation options trading.

HEGIC, an ERC-20 token, is the native token of the Hegic DeFi protocol. It allows token holders to participate in Hegics Stake & Cover activities as options writers.

The Hegic P2P options trading protocol operates on Ethereum Layer-2 scaling solution Arbitrum. It simplifies TradFi and makes it more accessible to a wider range of traders, enabling them to pay lower fees for options trading while earning higher returns on their strategies.

Hegic charges zero taker fees or other trading fees, generating revenue through the premium, which comprises the total cost of an option. After options are exercised, Hegic ensures complete and timely payouts of the net P&L for in-the-money (profitable) options and strategies.

Hegics users can trade BTC or ETH call options and execute multiple trading strategies based on market sentiment, such as Bullish, Bearish, High or Low Volatility. The platform offers American-style options, allowing users to exercise them at any time before expiry (except for Inverse strategies).

Some of the supported trading options on the platform include Call, Strap, Put, Strip, Straddle, Strangle, Long Butterfly, and Long Condor. Hegic utilizes the Stake & Cover (S&C) liquidity provision and utilization model, where users can stake $HEGIC tokens to cover the platforms net losses on selling options/strategies and earn net profits on all expired options/strategies.

Hegic was founded by solo anonymous developer Molly Wintermute, who is responsible for operating the protocol. The protocol was launched in February 2020.

Hegics Initial Bonding Curve Offering (IBCO) was announced as a fundraising method in September 2020, offering 3% of the total HEGIC supply for investors. Within the first 24 hours, the IBCO event received over 5,400 ETH in contributions from more than 430 participants.

The platform announced a soft launch of its decentralized governance process in April 2021. This allowed HEGIC IBCO participants, active options buyers, liquidity providers, and active community members to vote on proposals for future developments.

Hegics upgraded version, Hegic v888, went live in October 2020. The next upgrade to the protocol, Hegic HardCore, underwent a beta release in February 2022.

Hegic can be considered as a good investment, especially if you have faith in the potential of decentralized finance (DeFi). The price of Hegic crypto has the potential to increase as more traders join and utilize its options trading services.

Furthermore, future developments aimed at enhancing the overall liquidity and efficiency of the platform can further boost the HEGIC price. Expanding to more blockchain ecosystems, forming new partnerships, and integrating with other platforms can also increase investor confidence in HEGIC and make it a more valuable asset to invest in and hold.

The sentiment towards cryptocurrencies and DeFi is also expected to rise among global investors, which can drive up the demand for and value of HEGIC tokens in the market.

While making an accurate HEGIC price prediction is impossible, it is recommended to monitor key fundamentals to understand the price action and volatility of the token. These include:

Level of Usage

Increased trading activity on the Hegic dApp can be a major driver of bullish moves in the HEGIC price. The HEGIC to USD price can strengthen as more traders use the platform for options trading or provide liquidity through the native token.

Future Developments

The price of HEGIC token may witness an uptrend as developers introduce more functionalities to improve the platform's operations. Upgrades that enhance liquidity, features, ease of use, and reduce costs can increase the appeal of the Hegic Protocol and the value of HEGIC crypto.

Market Outlook

A positive attitude among global investors towards digital assets and the DeFi market can be beneficial for the HEGIC value. A bullish or risk-on sentiment can increase buying activity and investor confidence, supporting the HEGIC price. Conversely, a bearish or risk-averse sentiment can lead to sell-offs that weaken the price of HEGIC crypto in the market.

$HEGIC is the native token of the Hegic protocol and serves the following functions:

Liquidity Provisioning

HEGIC holders can deposit their tokens in the protocol's Stake & Cover pool to provide liquidity to the platform. In return, they can earn rewards from the settlement fees generated by Hegic.

Governance

$HEGIC holders can participate in the decentralized governance mechanism of the DeFi protocol. They can submit proposals and vote on other users' proposals to contribute their thoughts on the future evolution of the platform.

Crypto Asset to Trade and HODL

Trade Hegic crypto against other digital assets to profit from changing market conditions and volatility. You can buy or sell $HEGIC against other cryptocurrencies or hold it long-term if you believe in the future potential of the Hegic platform. Check the live price of Hegic token and its current market cap before trading the token in the market.

Staking $HEGIC is a convenient way to grow your crypto portfolio and earn rewards. Here's how it works:

1. Visit the Hegic dApp and connect your wallet to it. Ensure that your wallet has sufficient tokens to stake by purchasing HEGIC on BYDFi or other supported platforms and withdrawing the tokens to your wallet.

2. Go to the Stake & Cover tab on the app and scroll down to the Manage HEGIC Tokens section.

3. Enter the number of HEGIC tokens you wish to stake and confirm the transaction using your wallet.

4. Sit back, earn rewards, and watch your crypto holdings grow by staking HEGIC on the platform.

There is limited information available about Hegic's funding as it is a privately held and backed project. However, profiles about the company on certain websites have mentioned Strategic Round Capital and Fomocraft Ventures as venture capital investors that have provided funding to Hegic.