Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Hegic V888 Launch Ushers In Staking And Liquidity Mining Opportunity

By Crypto Briefing (Liam Kelly )CryptocurrencyOct 11, 2020 01:05AM ET
www.investing.com/analysis/hegic-v888-launch-ushers-in-staking-and-liquidity-mining-opportunity-200540630
Hegic V888 Launch Ushers In Staking And Liquidity Mining Opportunity
By Crypto Briefing (Liam Kelly )   |  Oct 11, 2020 01:05AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Decentralized options platform Hegic launches its beta mainnet for staking, ushering in phase one of its liquidity mining program.

Decentralized options platform Hegic today launched its beta mainnet following an audit from Peckshield. The launch marks the beginning of staking lots, allowing users holding 888,000 HEGIC tokens to begin earning lucrative rewards.

Hegic v888 Adds Staking Rewards

Hegic token holders with a balance above 888,000, more than $120,000 at press time, can now stake their holdings in lots. Hegic lot owners will earn 1% in fees on the options users buy to hedger their crypto trades. These owners are also responsible for governing the protocol.

With the v888 launch, users also have access to call and put options for Ethereum (ETH) and Wrapped Bitcoin (wBTC). These two assets are the most popular options contracts on centralized platforms like Deribit.

ETH Options Volumes
ETH Options Volumes

ETH options volume. Source: Skew

The key difference between market leaders Deribit and Hegic lies in the latter’s non-custodial nature. And like many DeFi protocols, fees accrued within Hegic are distributed among agents in the ecosystem, be it lot owners, liquidity providers (LPs), and options holders.

The protocol’s LPs and options holders will begin earning tokens as part of v888’s liquidity mining opportunity. This marks the second token distribution event, following the IBCO in September.

The protocol will distribute 1,320,000 tokens proportionate to LPs’ volume and another 330,000 tokens to options holders. According to marketing materials, this distribution is phase one of a three-phase liquidity mining program ending in 2023.

Before leaping into the beta smart contract, the project’s pseudonymous creator, Molly Wintermute, has urged users to practice caution.

Despite Peckshield’s security audit, Wintermute tweeted, “a thousand unknown security bugs/hacks vectors can still [be] in place. Use Hegic at [your] own risk!

Original Post

Hegic V888 Launch Ushers In Staking And Liquidity Mining Opportunity
 

Related Articles

Crypto Briefing
Polygon Jumps 25% On Korean Exchange Listing By Crypto Briefing - Oct 15, 2021

Upbit has listed the MATIC token for trading. Polygon has rallied over 25% on news that the Korean crypto exchange Upbit has cleared the MATIC token for trading. Polygon Reacts to...

Jason Sen
Crypto Resistance By Jason Sen - Oct 15, 2021

Bitcoin dipped to 55900, holding just above support at 53600/500 as we hit the next target of 58500 and resistance at 59400/600 this morning as predicted. Ripple we are long at...

Hegic V888 Launch Ushers In Staking And Liquidity Mining Opportunity

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email