Hedget (HGET)

Hedget (HGET) is a decentralized platform that aims to provide easy hedging options for cryptocurrencies. In a highly volatile market, Hedget allows users to secure their positions against unexpected price movements by paying the smallest possible premium.

Unlike previous attempts at decentralized options, Hedget utilizes the Chromia blockchain as an Ethereum Layer 2 solution, enabling zero fees and greater flexibility. While settlement occurs on the Ethereum chain, the platform minimizes slow and expensive transactions, ensuring full integration with the Ethereum ecosystem and access to mainstream assets and liquidity.

The protocol offers European-style options supporting cash/physical settlement, with option providers required to put down full collateral to ensure a secure trading process for end users. Hedget can protect decentralized finance (DeFi) positions in lending and trading, offering reliable protection for leveraged trading positions. Additionally, Hedget is designed to be seamlessly integrated into other protocols and platforms through its flexible modules.