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    Hegic

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    TL;DR

    Hegic is an on-chain peer-to-pool options trading protocol on Arbitrum. You can trade ETH and WBTC ATM / OTM Calls / Puts & One-click Option Strategies on Hegic

    Dossier

    ## Executive Summary Hegic is a decentralized, peer-to-pool options trading protocol operating on the Arbitrum network. It provides a permissionless platform for users to buy and trade American-style, cash-settled call and put options on Wrapped Bitcoin (WBTC) and Ethereum (ETH). Unlike traditional options exchanges that rely on an order book to match buyers and sellers, Hegic utilizes a novel liquidity pool model. In this system, liquidity providers (LPs) deposit assets into shared pools, which collectively act as the counterparty or "seller" for all options purchased on the platform. This de