HGET to Fiat Converter

Hedget: A Decentralized Options Protocol

Launched in 2020, Hedget is a decentralized, non-custodial cryptocurrency options protocol. The project has secured strategic partnerships and support from industry participants such as Chromia, FTX/Alameda Research, Orion Protocol, NGC Ventures, and FBG Capital.

Hedget aims to advance decentralized options markets within DeFi, providing tools for hedging against volatility in both upward and downward price movements. This functionality helps users mitigate risks such as liquidation and insolvency while also serving as a trading instrument for speculative opportunities.

The protocol is designed to operate across multiple blockchains, with implementations on Binance Smart Chain and Ethereum. Additionally, Chromia is integrated as a Layer 2 solution to enhance Ethereum-based operations.

Hedget’s long-term vision includes transitioning to a decentralized autonomous organization (DAO) model, where governance and protocol mechanics will be managed by the community.

### The Hedget Token (HGET)

HGET is the native utility and governance token of the Hedget platform, issued as an ERC-20 token on Ethereum with cross-chain compatibility on Chromia and Binance Smart Chain.

Key Functions of HGET:
- Governance: Token holders can vote on platform upgrades, asset additions, and parameter adjustments.
- Access & Staking: Users must stake HGET to interact with the platform, including accessing the testnet environment.
- Fee Mechanism: Trading commissions are paid in HGET, and staking requirements scale with user activity to prevent spam and manipulation.
- Risk Management: In margined options, writers must stake HGET as collateral to ensure solvency, protecting users from counterparty risk.

Future developments include the implementation of a DAO, where HGET will govern transaction fees, reserve policies, and platform features.

For more details, users can explore Hedget’s governance interface and testnet environment.