How @HegicOptions works
In general think of it as something similar to Uniswap. In Uniswap your pool will be something like let's say ETH and USDC for example.
#HEGIC #Options #DeFi #Crypto #blockchain #economics
In general think of it as something similar to Uniswap. In Uniswap your pool will be something like let's say ETH and USDC for example.
#HEGIC #Options #DeFi #Crypto #blockchain #economics
In HEGIC you just have one asset let's say ETH. You add liquidity into the pool and what we want to do is to get all these little smaller guys with some capital put them all together.
With Uniswap people can trade and exchange so if I have ETH and I want to change it for USDC or if I’ve USDC and want to change it to ETH.
I don't have to go around asking people and then pool together the exchanges from every little guy. Instead, I put all the things inside a pool and then we just trade.
With HEGIC it's also similar because we pool all the ETH together and instead of trade and exchange we issue option contracts.
We can do both call options and put options so let’s say we are the seller because we have enough liquidity and enough assets available to be selling call options and put options.
Buyers pay the premium to the liquidity pool and whoever that provides liquidity gets to have a share of this premium. Similarly in Uniswap when you trade and exchange you have to pay transaction fees which goes back to liquidity pool.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
