Hegic
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Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
About Hegic
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
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Hegic's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
TVL for Hegic is calculated using the HEGIC tokens deposited into Stake & Cover pool on Arbitrum and pools liquidity in USDC, ETH and WBTC
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Hegic tokenomics and on-chain capital
Hegic's governance or utility token carries a market capitalisation of $16.3M based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($16.3M) above the protocol's on-chain TVL ($9.8M) — a mcap/TVL multiple of 1.67× implies investors are paying for expected future fee flows rather than current deposits alone.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Security & Audits
Protocol Profile
Hegic is a Options protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed across 2 chains, including Arbitrum, Ethereum. The codebase has been independently audited (2 reports on file).
TVL Distribution by Chain
TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Hegic operates on 2 networks (Arbitrum, Ethereum), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Arbitrum, which holds 89% of all assets — other deployments are comparatively small. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale. Its token market cap ($16.3M) currently exceeds total value locked ($9.8M) — a mcap/TVL ratio of 1.67 suggests the market is pricing in more growth than current deposits support.
Official Resources & Links
Verified external resources for Hegic — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Options protocols on Mantapex
Hegic is one of 7 Options protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Rysk V12, Deri V4, Hypersurface, and 3 more. These peer protocols collectively secure $76.9M in deposits, giving you a frame of reference for whether Hegic's own TVL is at the top, middle, or tail of the category.
Treasury
Recent Hegic news
Latest reporting from major crypto news outlets covering Hegic.
- BeInCrypto
DeFi Tokens Surge Over 50% Following Coinbase Listing – TRU, HEGIC & REQ Analysis
TrueFi (TRU) has broken out from a descending resistance line and reached a new all-time high price on Aug. 12. It is possible that the increase was a result of the reported…
- Invezz
Where to buy Hegic coin after its 100% price surge
This page explains everything you need to know about Hegic (HEGIC), one of this week's hottest cryptocurrencies. The price of HEGIC tokens has surged by 75% to $0.099 today, and…
- Cointelegraph
Hegic, Loopring, and FTX Token surge higher as Bitcoin price recovers
The tokens of protocols offering attractive trading products and services have benefited from the bullish sentiment surrounding Bitcoin's rally to multi-year highs.
- The Daily Hodl
Coinbase Custody Adds Support for Eight Small-Cap Altcoins As Crypto Markets Stall
Coinbase is continuing to expand its crypto footprint by extending custodial services support to a diverse array of digital assets. In a new announcement, the US-based…
- Crypto Economy
Dogecoin creator reacts to crypto rally fueled by ‘helicopter money' rumors
Dogecoin co-founder Billy Markus commented today on X about the recent surge in cryptocurrency prices, which some traders attribute to rumors of potential “helicopter money”…
- UToday
Dogecoin Creator Reacts as Crypto Jumps on New 'Helicopter Money' Rumor
The cryptocurrency market found a reason to be optimistic again, and this time not from thin-air narratives or ETF paperwork but from a surprisingly loud rumor about a fresh batch…
- Altcoin Buzz
Neuron Goes Live on Hedera to Prevent Aerial Disasters
Army Black Hawk helicopter, which took the lives of 67 people, aviation safety is under the microscope. This heartbreaking incident has reignited the need for better air traffic…
- Bitcoinist
Cardano Founder Says He'll Sell A Blackhawk And Lambos, Mothball His Jet
Cardano founder Charles Hoskinson said he plans to sell a Blackhawk helicopter and multiple Lamborghinis and “mothball” his jet, framing the decision as a personal reset and a…
Related protocols
Other DeFi protocols connected to Hegic by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Options protocols
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Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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