March 5, 2021, 11:30AM EST
• 11 min read

Introduction to the Hegic Protocol

Quick Take

  • 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 from options buyers

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