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Difference between revisions of "Hegic"
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Hegic uses a simplified pricing formula and IV is updated manually using Deribit as reference. | Hegic uses a simplified pricing formula and IV is updated manually using Deribit as reference. | ||
All Hegic options are American style options. | |||
== HardCore (Beta) == | |||
Launched on Arbitrum on 23rd February 2022 ([https://twitter.com/HegicOptions/status/1496218778186956801?s=20&t=GYLxOhNZAZwZqEFhDe6p5g tweet]), Hegic HardCore Beta offers: | |||
* OTM options (ATM added later [https://twitter.com/HegicOptions/status/1503399404241395715?s=20&t=GYLxOhNZAZwZqEFhDe6p5g tweet]) | |||
* Expiry up to 45 days | |||
* One-click options strategies | |||
* New staking mechanism | |||
65% of total Hegic token supply was also burnt ([https://etherscan.io/token/0x584bC13c7D411c00c01A62e8019472dE68768430?a=0xdead000000000000000042069420694206942069 etherscan]). | |||
Audit by PeckShield [https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Hegic-HardCore-Beta-v1.0.pdf here]. | |||
Code [https://github.com/hegic/hegic-hardcore-beta here]. | |||
== V8888 == | == V8888 == | ||
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* Hedge LP tranche | * Hedge LP tranche | ||
* Microlots | * Microlots | ||
* Auto exercising (with limit orders added later) | * Auto exercising (with limit orders added later for ITM options [https://twitter.com/HegicOptions/status/1483751204119367683?s=20&t=GYLxOhNZAZwZqEFhDe6p5g tweet]) | ||
A revamped incentive system was also introduced, the Hegic Long Term Pool (HLTP) aims at locking in long term minded liquidity providers. Full details [https://twitter.com/HegicOptions/status/1425881265346125834?s=20&t=GYLxOhNZAZwZqEFhDe6p5g here]. | |||
Audit by PechShield [https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Hegic(v8888)-v1.0.pdf here]. | |||
Code [https://github.com/hegic/Hegic-v8888 here]. | |||
== History == | == History == | ||
Genesis [https://twitter.com/HegicOptions/status/1230468413639753734?s=20&t=y2zaAqdjMU0eket4mf-Dbg tweet] made on 20th February 2020. Hegic begin as a hedging protocol that aims to help traders protect their asset in down markets. | Genesis [https://twitter.com/HegicOptions/status/1230468413639753734?s=20&t=y2zaAqdjMU0eket4mf-Dbg tweet] made on 20th February 2020. Hegic begin as a hedging protocol that aims to help traders protect their asset in down markets. | ||
[[Category:Protocols]] | |||
[[Category:Options]] | |||