Hedget

Hedget is a decentralized protocol for options trading. By putting up collateral, users can create and trade different option series on-chain. Decentralized option products allow users to hedge price fluctuation and also the risk in their collateralized lending positions. The protocol also adds in support on Layer 2 to existing blockchains such as Ethereum to enable faster, cheaper, and more complex transactions. Hedget believes that risk-mitigating DeFi protocols like decentralized options are necessary building blocks as the decentralized finance sector grows and matures. Hedget Foundation issues HGET token as the native token on the platform for governance and other utility purposes.