Hedget’s UI Explained

Based on our FAQ

Hedget is constantly evolving, and we want to be your go-to (educational) partner for options trading in DeFi. In order to make sure our users know how our platform works, we’d like to share information on the flow of interaction with the platform.

• At Hedget users don’t have a balance of assets, but just their limit orders and issued/bought options. All assets are stored in the user’s controlled wallet, in order to work in the safest way possible but also to live up to our idea of being decentralized. Our users get full control of their assets. To allow Hedget work with asset stored on the blockchain user needs to authorize Hedget to do so by clicking unlock button after requesting a purchase of the option
• Hedget works solely with limit orders that can cross the spread — buy/sell immediately via the best bid/ask price. Due to EVM limitations a lot of transactions in one market order can not fit in one block and therefore market orders are not supported on the Hedget platform.
• Hedget works with two interfaces: Basic and Pro.
  Users can buy options with both interfaces, but if users want to issue an option or put a limit sell order in the orderbook this can only be realized with the pro interface.
• If a user makes a limit buy order with the Pro interface, but the option expires — the option is not sold to the user before maturity date — the user needs to cancel that limit order manually. Because it obviously doesn’t make sense to buy or sell an expired option.
• When the user issued or bought an option, the user has several options:

1. Sell option — fully or partially
2. Request exercise before maturity date — fully or partially
   By doing this the user sends funds to execute the option. In case of a call option the option buyer sends USDT and receives BTC. In case of a put option the option buyer sends BTC and gets USDT.
3. Finalize exercise of the option after maturity date. The user who executed the call option receives BTC and the user executing the put option receives USDT in exchange for funds put during requesting exercise.
4. User can cancel requested exercise before maturity date — fully or partially

If you have any questions feel free to ask us anything in our Discord or Telegram channel and make sure to follow us on our socials.

Twitter: https://twitter.com/Team_Hedget/
Telegram Chat: https://t.me/hedgetchat
Discord: https://discord.gg/rD4UaVrAKn
Telegram Channel: https://t.me/hedgetofficial
Facebook: https://www.facebook.com/Hedget