Apr 10, 2021
Hegic Quarterly Report #2
Hegic has achieved steady results in the second quarter since v888 beta launch. The protocol has surpassed the total amount of 3,200+ ETH options and 1,500+ WBTC options acquired (calls and puts combined) in the first six months after the launch. All these options contracts were bought by 1,368 unique users (options buyers).
Hegic’s TVL (total value locked) at the moment of writing this report is sitting around ~$59,000,000 in ETH and WBTC liquidity pools combined.
A new DeFi-scale record has been set this quarter: Hegic had a daily options trading volume of $22,000,000+ on February 19, 2021.
This report is a consolidated statement for the first six months since v888 beta launch (October 10, 2020 — April 10, 2021). In this report, you will be able to find the total cumulative numbers for options, liquidity, cash flows and token economics data.
Before you start exploring this report: thank you for being the proud Hegician 🧙♂️ and making Hegic a reality! If you have ever acquired options contracts or provided liquidity for selling options on Hegic, or if you are staking HEGIC and earning fees in ETH and WBTC, you should know that you are the one who made this report possible!
In case you have just discovered Hegic, this report is the best place to start! You will be able to learn about protocol’s traction and cash flows instead of hearing about it from friends of friends. If this report won’t be enough, consider learning more about Hegic’s financials such as price-to-sales ratio, revenues and many other data points on TokenTerminal.
Have a nice read!
Consolidated Statement (6 Months)
Part 1 of 4: Options Data
Part 2 of 4: Liquidity Data
Part 3 of 4: Cash Flows Data
Part 4 of 4: Token Economics Data
Developments
Hegic H2M Secondary Market Launched
Why it matters: tokenized options contracts can now be resold before the expiration on secondary markets without losing their time value.
Hegic V888.0.1 Open Sourced
Why it matters: a new version of Hegic is coming.
A speculative Hegic v888.0.1 features thread by uh on Twitter:
Whiteheart Alpha Released
Why it matters: 20% of fees generated by Whiteheart will be distributed among the HEGIC staking lots holders as well as 20% of fees will be distributed among the Hegic pools liquidity providers on a quarterly basis.
“Crypto Anonsense: The Story Behind Hegic” Free Book Released
Why it matters: read Hegic’s founding story to understand the milestones and challenges of building the protocol as well as the long-term vision.
See you after a possible Coinbase direct listing FOMO craze!
Molly Wintermute
4/10/2021
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