What is Hegic (HEGIC)?
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🟢 The simple version
Plain English — no jargon. Start here.
Hegic is a peer-to-pool DeFi options protocol where a single large pool acts as counterparty for all ETH and WBTC options buyers — any strike, any expiry, American-style — with v8883 introducing one-click multi-leg strategies.
Single pool writes all options
Pool LPs deposit ETH or USDC into one large pool. Buyers purchase options (calls/puts) at any strike and expiry. The pool is the counterparty. In calm markets: LPs earn steady premiums. In volatile markets: pool absorbs losses from exercised options. ~3B HEGIC governance + fee sharing. v8883 (upgrade): one-click straddles, strangles, and other multi-leg strategies. American-style: exercise at any time before expiry (not just at expiry). Is HEGIC legal in India? Yes. 30% tax, 1% TDS apply.
🟡 A bit more detail
For when you want to go a little deeper.
HEGIC vs Premia vs Dopex
Hegic: peer-to-pool (simplest for buyers, any strike/expiry, American). Premia v3: concentrated liquidity (capital efficient for LPs, European-style). Dopex: epoch-based SSOVs (passive covered call). Hegic is most accessible for option buyers; Premia most capital-efficient for LPs.
🟣 The full technical picture
For the technically curious.
Key facts
- Token: HEGIC (~3B)
- Model: Peer-to-pool (single pool counterparty)
- Options: ETH + WBTC, American, any strike/expiry
- v8883: One-click multi-leg strategies