Hegic

Hegic has launched Season 2 of its 0DTE options trading contest with a guaranteed $25,000 prize pool. Running until May 3, 2025 (15:00 UTC), the contest rewards traders based on their premium payments. Key updates: - Reduced premium requirements for tier upgrades - Top tier now requires $30,000 in premiums - Prizes distributed proportionally to premium payments Traders can track their performance and contest statistics directly in the app under the 0DTE > Trading Contest section.

A security incident occurred on February 23, 2025, where a hacker exploited an old test contract from January 2022, successfully extracting 1.1 WBTC. The compromised contract was a legacy test deployment and not part of the current protocol architecture implemented in October 2022. **Key Points:** - Current protocol architecture confirmed safe - Bug bounty program active - Detailed security report available on Discord *For context: December 2024 saw 27 security incidents in Web3 with total losses of $4.11M, marking a significant decrease from November.*

Hegic has integrated portfolio margin trading into their protocol through Sharwa, enabling CEX-like capital efficiency while maintaining DeFi principles. Key updates: - $100,000 added to Sharwa liquidity pools - Integration of auto-exercising module running for past year - Hegic becomes primary options protocol in Sharwa's on-chain portfolio margin system The protocol has been audited but remains in alpha stage. Users should exercise caution and conduct thorough research before participating. Previous milestone: Protocol achieved $200M+ notional trading volume on Hegic Herge, averaging $380k daily on Arbitrum.

The 0DTE Contest concluded with a successful prize distribution of 7,835 ARB tokens (valued at $5,000) to participants. The transaction was confirmed on Arbitrum blockchain, viewable at Arbiscan. This follows previous contest initiatives, including the Octree HODL contest where 10 random wallets each received 200 BUSD rewards. - Transaction verified on blockchain - Total prize pool: $5,000 in ARB tokens - Distribution completed on November 11, 2024

Hegic Herge, an on-chain peer-to-pool options trading protocol on Arbitrum, has reported a notional trading volume exceeding $200 million. The platform has averaged around $380,000 in daily trading volume, which is one of the best results among option protocols on the Arbitrum network. Due to the transparency of blockchain technology, all trading figures can be independently verified.

Hegic has introduced a new Discord bot allowing users to subscribe to updates. The bot includes features such as new options purchases with premium thresholds, limits changes on strategies, and real-time PnL for stake & cover. Visit #announcements in Discord for instructions.

Inverse spreads now have increased profitability of approximately 300%, but with higher risk, making them competitive with Call/Put options. Investors are advised to compare and choose the suitable strategy for their needs.

Join now to enhance your trading experience with Hegic. Open Trading → My Strategies in the app and enable auto-exercising to never miss expiration dates. Place TP/SL orders and maximize profits even while you sleep.

131.915 ETH was distributed among 77 traders with a positive PnL of over $1,060,000 since February 20. The ETH price has increased by 38.5%. Stay tuned for upcoming initiatives.

Hegic is offering deals for both optimistic bulls and rebellious bears in the current booming market. These include 150+ETH of Calls and 100+ETH of Bull Call Spreads for purchase for bulls, and a 10% discount on Bear Put Spreads and a 20% profit boost on Bear Call Spreads for bears. Act quickly to seize these opportunities and potentially win big.