Hedget Protocol is a decentralized protocol for options trading. By providing collateral, users can create and trade different options series on-chain. The decentralized options product allows users to hedge against price fluctuations and mortgage positions. The protocol also adds layer-two support to existing blockchains, such as Ethereum, to enable faster, cheaper, and more complex transactions. Hedget believes that risk-reducing DeFi protocols such as decentralized options are a necessary cornerstone as the decentralized finance sector grows and matures.
The Hedget Foundation uses the HGET token as a native token on the platform for governance and other utility purposes. Users need to purchase a small amount of HGET tokens to create and trade options products, and they can also earn tokens proportional to the size of the transaction in the process. It can also be used in the governance process if users need to suggest updates to the protocol.