Hedget Protocol is a decentralized protocol for options trading. By providing collateral, users can create and trade different options series on-chain. Decentralized options products allow users to hedge against price volatility and mortgage positions. The protocol also adds second-layer support to existing blockchains, such as Ethereum, to enable faster, cheaper, and more complex transactions. Hedget believes that as the decentralized finance sector grows and matures, risk-reducing DeFi protocols such as decentralized options are a necessary cornerstone.
Hedget Foundation uses HGET tokens as native tokens on the platform for governance and other utility purposes. Users need to buy a small amount of HGET tokens to create and trade options products, and they can also earn tokens proportional to the size of the trade in the process. It can also be used in the governance process if users need to suggest updates to the protocol.
