Hedget HGET Price 0.01109574

Hedget is a non-custodial option protocol. The development of global options markets is the next step for Defi platforms according to The Hedget team. These platforms will be able to protect themselves against insolvency with the ability to hedge against both directions. The team is focused on using several different blockchains. Hedget has an implementation for both the Binance Smart Chain and a separate one. The long-term vision of the Hedget foundation is to provide development and stewardship of the platform over the next several years, eventually establishing a DAO which will govern the rules and mechanics of the platform. The governance token of the Hedget platform is HGET. HGET token will be used to purchase fully collateralized options as a hedge in case of Capital insufficiency risk, if options writers wish to offer options without providing 1:1 collateral. The underlying has a maker fee of 0.05%. A special reserve will be locked until a DAO is established, and the difference between Taker and Maker fees will go to it. The option buyer will pay a settlement fee of 0.05%.