Hedgey offers options without the banks or brokers. This means every single option is fully decentralized and peer-to-peer (P2P). Hedgey is the first-ever protocol that lets anyone with a wallet create, buy, and sell options contracts.
Hedgey options can be fully customized by the writer. The underlying asset amount, strike price, expiration date, and premium are all set by the option writer. After the option is purchased, the new owner can sell it again. The option is fully tradable and ownership is transferable. The options are fully collateralized by the writer. This means that the option can always be exercised by the option buyer, whatever the market conditions. This in contrast to other options platforms that tap into liquidity pools for the underlying asset and that as a result cannot guarantee the exercisability of the option in case of extreme volatility.
Options can be launched on any token through Hedgey. Unlike other DeFi option platforms, Hedgey does not need any (protocol launched) liquidity pools. This means every token can get a fully-fledged option marketplace. This also means Hedgey is scalable as it grows.
Anyone can launch options markets on Hedgey, from project founder to community member. Once a market is created, it exists forever on the protocol. The ability to self-launch markets allows the protocol to grow organically as communities expand their trading tools and integrate options trading.
Hedgey is not limited to one blockchain network but instead lives on five. This lets options be accessible to a wide range of crypto users. On all these networks, anyone can launch options for their token.
Hedgey taps into the liquidity of five Automated Money Makers (AMMs) like Uniswap and PancakeSwap on five different blockchain networks to enable flash swaps for cash closing. With flash swaps, Hedgey can automatically convert the underlying asset amount of an option to return the profits to the option buyer and the remaining amount to the option writer, when the option is cash closed.
Instead of requiring users to own the capital to buy or sell the underlying asset amount of an option, Hedgey lets every trader cash close their options to only receive the profit of their trade instead of the full underlying asset amount. In simple terms, Hedgey lets anyone trade like a whale regardless of their portfolio size.
Hedgey gives DeFi the same exercisable options CeFi has had for decades in a friendly UX package. The industry-leading UI lets anyone understand and trade options. By leveraging flash swaps to enable cash closing, small traders can perform big trades without needing the capital to exercise them
Initial Options Offering (IOO) is the first-ever options-based funding concept brought to you by Hedgey. It lets projects generate funds while providing unique and risk-managed benefits to their investors.
Options Based Liquidity Programs (OBLPs) is the first-ever options-based liquidity program. It is a new type of Liquidity Program (LP) that counters the downside of traditional LP programs and further builds utility for Hedgey.
Hedgey will launch Software Development Kits (SDKs) to let any project integrate the Hedgey protocol into their own apps. This means Hedgey will be able to live in any app on any device. that center around a goal of building a protocol, open SDK's, and creating self-created markets that can hopefully give us infinitely scalable volume without having to lift a finger.
Hedgey will launch open API with endpoints that site like CoinGecko and CoinMarketCap to launch options as a new market type and let Hedgey be seen as an exchange type. Furthermore, the open APIs will let any other developer launch beautiful analytics pages and other type of platforms using Hedgey's data.