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DeFi Cook (🦍, 🐸) Profile picture
DeFi Cook (🦍, 🐸)
@deficook
Legal SaaS irl, made some 🤖 like @gmxbot (defunct till X fixes it) | Sports bettoor, occasional angel investoor | 0% inv. advice | 🇨🇭
Oct 31, 2020 • 4 tweets • 2 min read
One of the things I’m excited about is to observe winning strategies with $Hegic. This is the place.

There are already interesting approaches out there such as
Oct 31, 2020 • 5 tweets • 2 min read
🎩Risks

All DeFi projects have inherent risks. At the very least be aware of these risks:

∙ Potential losses on selling options as a liquidity provider.
∙ Sending funds to the contracts instead of calling their functions.
∙ Funds provided to the pools are locked for 14 days. ∙ Inability to withdraw funds when liquidity pools are maxed out.
∙ Transferring write ERC20 tokens to other addresses.
∙ ChainLink ETH/USD and BTC/USD price feeds potential issues.
∙ Unexercised options’ profits (if any) will be lost after expiration.
Oct 31, 2020 • 6 tweets • 3 min read
🎩Hegic, Quo Vadis?

First of all. For Hegic, the goal is to "be close to the current implementations of cryptocurrency options exchanges such as Deribit, FTX and others in terms of functionality".

From the white paper 20/02/2020

Let’s keep track of how it's going: In 3 weeks we’ve reached $20,000,000+ total cumulative options trading volume. Not too bad for a project that many called dead after the incidents early this year.
Oct 31, 2020 • 7 tweets • 2 min read
$WBTC $ETH
( •_•) (•_• )
( ง )ง ୧( ୧ )
/︶\ /︶\

How to use Hegic. Quick and dirty:

While this is straight forward, please notice this warning: I. Win big with call options: fixed price and unlimited upside.
II. Protect your holdings with put options or earn speculating.
III. Earn yield on WBTC or ETH in a set-and-forget manner.
IV. Participate in staking and earn rewards in WBTC or ETH.
Oct 31, 2020 • 9 tweets • 3 min read
Here are a few tweets about $Hegic worth your 🕐:

—𝘙𝘢𝘣𝘣𝘪 says: “obviously heavily handpicked and subjective, but interesting nonetheless”
Oct 31, 2020 • 11 tweets • 6 min read
Here are a few tweetstorms about $Hegic worth your 🕐: “If you believe that $ETH will pump hard, then consider acquiring ETH call options. If you believe that the price of $ETH will tank -10%, -30% or even lower, consider acquiring ETH put options to protect the value of ETH.”

—Hegic v888, @HegicOptions

Oct 31, 2020 • 16 tweets • 6 min read
Spent a considerable amount of time in the last 3 weeks to make myself useful in the $hegic community. Today, I'll conclude that by doing some more personal research and potentially by sharing my thoughts - stay tuned and have a great weekend! phew, reread the $Hegic whitepaper, read every tweet under the ☀️ — good and bad — and everything else I could find.

Let me introduce 𝘙𝘢𝘣𝘣𝘪

{\__/}
( • . •)
/ > 🎩

a $Hegic Citadel resident who will be presenting everything I find worthy of sharing about Hegic: