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Understanding Defi Options (Opyn, Hegic, SIREN, Ribbon Finance, and more)

Understanding Defi Options (Opyn, Hegic, SIREN, Ribbon Finance, and more)

MediumMedium21 May 2021 | 22:17 pm
Decentralized Finance (Defi) has evolved due to the composability of Ethereum and the opportunity to build vast financial instruments. Options are a subset of derivatives and allow traders the right to buy or sell an ‘option’ at the desired price. The traditional global market is quite large with respect to derivatives.
🙋🏻‍♀️ Say Hi to Jack, Chief Brand Officer (CBO) at Hegic!

🙋🏻‍♀️ Say Hi to Jack, Chief Brand Officer (CBO) at Hegic!

HegicHegic06 May 2021 | 08:00 am
Jack Emery, who has worked with brands like McDonalds, Nike, Samsung, Amazon’s Alexa, Netflix, and many others, has joined Hegic as its Chief Brand Officer (CBO). "Jack demonstrated his intentions that he wants to work hard and create amazing things as i’ve responded to Jack: ‘U do know how 2 pay it forward note that this is just z beginning of our work with Jack as Heg
Hegic Protocol announces 'gradual' governance launch for long-term users

Hegic Protocol announces 'gradual' governance launch for long-term users

CointelegraphCointelegraph21 Apr 2021 | 00:00 am
Hegic has announced a soft governance launch designed to reward its most loyal users with its new gHEGIC governance token. Hegic is a decentralized on-chain derivatives protocol that allows users to purchase call and put options to speculate on Ethereum and Wrapped Bitcoin. Users can provide liquidity to the protocol by selling options to buyers, earning a share of premiums paid to pools
Hegic Protocol Governance Soft Launch. $500 Rewards for the Most Active Hegic Users (Claim Now)

Hegic Protocol Governance Soft Launch. $500 Rewards for the Most Active Hegic Users (Claim Now)

MediumMedium19 Apr 2021 | 15:01 pm
Hegic v888 beta was launched on October 10, 2020. Since then, over 1,300+ unique users have acquired 4,700+ options contracts with total trading volume of $291,000,000. Hegic users will be rewarded with $500 in HEGIC tokens once they provide feedback and get approved. The most active and long-term oriented users will own the protocol.
Options autohedging for Hegic LPs (Part 3):

Options autohedging for Hegic LPs (Part 3):

MediumMedium12 Apr 2021 | 08:53 am
Hegic Liquidity Providers (LPs) automatically hedge themselves in a centralized exchange (CEX). This approach has some big limitations, most of them related to potential lack of liquidity in CEX to cover Hegic options. The Aggregated Risk Factors Approach (ARF) approach would be more viable as a consistent long-term solution.
Hegic Quarterly Report #2

Hegic Quarterly Report #2

MediumMedium10 Apr 2021 | 14:53 pm
Hegic has surpassed the total amount of ETH options and WBTC options acquired in the first six months after the launch of v888 beta. Hegic had a daily options trading volume of $22,000,000+ on February 19, 2021. All these options contracts were bought by 1,368 unique users (options buyers).
Introduction to the Hegic Protocol

Introduction to the Hegic Protocol

The BlockThe Block05 Mar 2021 | 16:30 pm
Hegic Protocol is a decentralized, American-style, cash-settled options protocol that utilizes a peer-to-pool model. Underwriting liquidity providers co-underwrite options and earn algorithmically-determined premiums paid by options buyers. HEGIC token holders can govern the protocol and earn settlement fees
Our Network: Issue #57

Our Network: Issue #57

ournetwork.substack.comournetwork.substack.com05 Feb 2021 | 17:49 pm
Coverage on Index Coop, Hegic, PoolTogether, and Nexus Mutual.
Our Network: Issue #57 (Part 2)

Our Network: Issue #57 (Part 2)

ournetwork.substack.comournetwork.substack.com05 Feb 2021 | 17:29 pm
Coverage on Index Coop, Hegic, PoolTogether, and Nexus Mutual.
Options autohedging for Hegic LPs (Part 1):

Options autohedging for Hegic LPs (Part 1):

MediumMedium01 Feb 2021 | 14:23 pm
Hegic Liquidity Providers (LPs) are not automatically hedged at the pool level. I want to ideally look for a way to find suitable options on a centralized exchange (CEX) that could hedge perfectly (1:1) the options sold by Hegic LPs. LPs will automatically invest X% of the premiums collected by selling options into hedging.
Hegic Quarterly Report #1

Hegic Quarterly Report #1

MediumMedium10 Jan 2021 | 14:31 pm
Hegic v888 beta was launched three months ago — on 10/10/2020. Here are the first results that have been collectively achieved by a global community of proud Hegicians. Options, liquidity, cash flows, token economics data and all the latest developments.
Hegic AutoStake Launch

Hegic AutoStake Launch

MediumMedium29 Dec 2020 | 07:00 am
Hegic AutoStake has been deployed to the mainnet. Users can withdraw their deposited HEGIC at any time by calling the contract’s claimRefund function using Etherscan. The contract will take a week of time accepting user deposits before the end of January 2021.
Case Study: Exploring Hegic Liquidity Miners

Case Study: Exploring Hegic Liquidity Miners

NansenNansen18 Dec 2020 | 16:46 pm
Using Nansen dashboards, we can see how liquidity miners interact with Hegic liquidity mining. We can see that whales are un-staking their writeETH and writeWBTC staking. We also see that hegic's ETH Staking Rewards contract is un-staked, and we see that its balance peaked on Dec
The Hegician Limited NFTs Collection: Cyberpunk Meets Magic

The Hegician Limited NFTs Collection: Cyberpunk Meets Magic

MediumMedium04 Dec 2020 | 21:19 pm
Hegic Protocol has launched a limited edition collection of six NFTs, the world's first functional works of art represented in a form of non-fungible tokens. Each NFT illustrates a pivotal scene from six tales of the main characters from the Hegic Citadel Order. The artworks won't fade or decay, a rare digital collectible with bragging rights throughout time.
HEGIC Rewards Distribution Continues: How to Earn Phase I Rewards (With Lock-Ups)

HEGIC Rewards Distribution Continues: How to Earn Phase I Rewards (With Lock-Ups)

MediumMedium20 Oct 2020 | 16:05 pm
Hegic v888 is in beta and users will not be compensated in case of any losses related to the cryptocurrency's protocol, a report said. The report added that the first week of rewards distribution (without lock-ups) has effectively finished on 10/17/2020 at 9:16 PM. The counter on the website has continued to calculate rewards while distribution has already finished on a level of contracts.
Hegic v888 is LIVE!

Hegic v888 is LIVE!

MediumMedium10 Oct 2020 | 21:09 pm
Hegic v888 is in beta. You can lose 100% of your funds provided to the Hegic liquidity pools. Hacks, security bugs and economic abuses can happen because of an experimental nature of beta version of the protocol. You won’t be compensated in case of any losses related to the
HEGIC, AM I CRAZY To Buy In at $100M Fully Diluted Market Cap? Spoiler: No, You Are Not.

HEGIC, AM I CRAZY To Buy In at $100M Fully Diluted Market Cap? Spoiler: No, You Are Not.

MediumMedium11 Sep 2020 | 19:01 pm
HEGIC IBCO participants will be able to claim HEGIC tokens at the same price no matter at which point of time a contribution has been made during the 72-hour period. Early contributors’ tokens are vested for 24 months. Each month 25,100,083 of early contributors' allocation will be unlocked.
LIVE! HEGIC IBCO Progress Recap: First 20 Hours

LIVE! HEGIC IBCO Progress Recap: First 20 Hours

MediumMedium10 Sep 2020 | 19:08 pm
HEGIC IBCO is a new token distribution mechanism that has been thought and put in place for the first time in Hegic. HEGIC tokens will only be claimable after September 12th starting 19:00:01 UTC time. The total amount of tokens offered through IBCo is fixed: 3% of total supply (90,360,300 HEG
HEGIC IBCO IS LIVE! A Step-by-Step Guide On How To Participate.

HEGIC IBCO IS LIVE! A Step-by-Step Guide On How To Participate.

MediumMedium09 Sep 2020 | 19:02 pm
HEGIC is an open auction where 90,360,300 HEGIC tokens are allocated on the contract and during a 72-hour period IBCO participants are making their contributions to the point where they stop buying tokens. After each following contribution the last (settlement) price of HEG
Hegic 2020 Roadmap

Hegic 2020 Roadmap

MediumMedium07 Sep 2020 | 14:11 pm
HEGIC IBCO will be live for 72 hours starting on 09/09/2020 at 15:00 EST. The Initial Bonding Curve Offering (IBCO) will be conducted during a 72-hour period. Hegic's security audit is currently being audited by Peckshield. The security audit includes new ETH and WBTC options contracts, bidirectional ETH liquidity pools contracts, staking contracts, and bonding curves.
Join HEGIC Initial Bonding Curve Offering.

Join HEGIC Initial Bonding Curve Offering.

MediumMedium01 Sep 2020 | 15:01 pm
HEGIC token-economics integration into the Hegic protocol is set to launch on September 9, 2020. The Initial Bonding Curve Offering (IBCO) is a new token distribution primitive with the same settlement price for all participants that prevents front-running issues or manipulating the price of HEGIC tokens. There is no best time to contribute during the 72-hour period of IBCO.
Hegic Protocol Risks Breakdown

Hegic Protocol Risks Breakdown

MediumMedium26 Aug 2020 | 14:28 pm
The Hegic protocol has some risks that users should be aware of. Selling options as a liquidity provider is not the same process as lending funds out using DeFi lending protocols. Liquidity providers can lose money provided to the pools because they are being paid by buyers for obligations to buy or to sell assets at a fixed price during a certain period. Never send funds directly to the contracts addresses.