Read on Twitter
coming out of retirement (yfi pool1 U JELLY?) for the new 
's of Defi - derivatives and options.
a Degen-style ( @DegenSpartan) thread with @HegicOptions $HEGIC with inside look at thought process, gains, and free alpha
HOW I STARTED 
https://twitter.com/DegenSpartan/status/1143715805529423875
's of Defi - derivatives and options.a Degen-style ( @DegenSpartan) thread with @HegicOptions $HEGIC with inside look at thought process, gains, and free alpha
HOW I STARTED https://twitter.com/DegenSpartan/status/1143715805529423875
1/n
first time I've heard of @HegicOptions was from a vc crying about their portfolio
https://twitter.com/bitcoinslut_/status/1315061139718451200
with the launch of v888, emissions were changed and caused the $HEGIC token to crash
is this thing investable or not?
first time I've heard of @HegicOptions was from a vc crying about their portfolio
https://twitter.com/bitcoinslut_/status/1315061139718451200
with the launch of v888, emissions were changed and caused the $HEGIC token to crash
is this thing investable or not?
2/n
before i could do any additional due diligence, a whale placed a 3500 eth call option, netting 35 eth in protocol FEES.
with 35 stakers in the pool, each got paid 1 eth!!!
i knew i had to FOMO into the token immediately
staking rewards to date https://twitter.com/HegicOptions/status/1317478812561584129
before i could do any additional due diligence, a whale placed a 3500 eth call option, netting 35 eth in protocol FEES.
with 35 stakers in the pool, each got paid 1 eth!!!
i knew i had to FOMO into the token immediately
staking rewards to date https://twitter.com/HegicOptions/status/1317478812561584129
3/n
wtf is the crypto options market
CEX have over $2.5 billion in open interest for $BTC and $ETH, with @DeribitExchange the leader
on the decentralized side, @HegicOptions @opyn_ have products live. Others @OpiumExchange @PotionLabs @fin_nexus @PrimitiveFi
wtf is the crypto options market CEX have over $2.5 billion in open interest for $BTC and $ETH, with @DeribitExchange the leader
on the decentralized side, @HegicOptions @opyn_ have products live. Others @OpiumExchange @PotionLabs @fin_nexus @PrimitiveFi
4/
crypto options basics
if you think numba go up, buy calls (I am betting $eth to be over $400, 4 weeks from now)
if you think numba go down, buy puts (I am betting $eth to be under $400, 4 weeks from now)
you only lose the premium (fees) for the calls/puts
crypto options basics if you think numba go up, buy calls (I am betting $eth to be over $400, 4 weeks from now)
if you think numba go down, buy puts (I am betting $eth to be under $400, 4 weeks from now)
you only lose the premium (fees) for the calls/puts
5/
real maths
100u $eth call, strike price of $400, holding for 4 weeks
Cost of call: $3105
Cost of 100 $eth today (~394): $39,400
That's less than 1/10 paid in fees for all the benefit of eth rising above $431
real maths 100u $eth call, strike price of $400, holding for 4 weeks
Cost of call: $3105
Cost of 100 $eth today (~394): $39,400
That's less than 1/10 paid in fees for all the benefit of eth rising above $431
6/
not financial advice
traders use options to hedge risk, lock-in
, and other 
options often get complex and it's not for everyone
up until now traders only have centralized options with yucky KYC https://twitter.com/DeribitExchange/status/1319003303485820928
until @HegicOptions v888 came LIVE
not financial advice traders use options to hedge risk, lock-in
, and other options often get complex and it's not for everyone
up until now traders only have centralized options with yucky KYC https://twitter.com/DeribitExchange/status/1319003303485820928
until @HegicOptions v888 came LIVE
7/
real financial advice
if you are real trader, @DeribitExchange is awesome
fast centralized servers
customer service
employees with linkedin profiles
and most importantly well priced options with lots of maths
that's cool
but deep down we are all degens...
real financial advice if you are real trader, @DeribitExchange is awesome
fast centralized servers customer service employees with linkedin profilesand most importantly well priced options with lots of maths
that's cool
but deep down we are all degens...
8/
Decentralized and Liquid
Hegic is first to market with a decentralized options pool
liquidity providers pool $eth and $btc for options buyers
profits and losses are socialized across the pool
over a long period of time, most options expire worthless
Decentralized and Liquid Hegic is first to market with a decentralized options pool
liquidity providers pool $eth and $btc for options buyers
profits and losses are socialized across the pool
over a long period of time, most options expire worthless
9/
not financial advice
by being an LP, you are basically providing house money for gamblers to play with
if that sounds risky, that's because it is
DYOR
https://medium.com/hegic/hegic-protocol-risks-breakdown-d3dcf8c85d01
there is another way to profit from this trade
free alpha
not financial advice by being an LP, you are basically providing house money for gamblers to play with
if that sounds risky, that's because it is
DYOR
https://medium.com/hegic/hegic-protocol-risks-breakdown-d3dcf8c85d01
there is another way to profit from this trade
free alpha
10/
first, a side story
growing up, i've always wanted to own a casino
when i finally had some money, i went to the centralized authorities to get a permit
they said no, only vampires can own casinos
(see sheldon adelson, ceo of largest casino group Sands)
first, a side story growing up, i've always wanted to own a casino
when i finally had some money, i went to the centralized authorities to get a permit
they said no, only vampires can own casinos
(see sheldon adelson, ceo of largest casino group Sands)
