We would like to introduce our new partners at Hedget — a decentralized options trading platform. With Ethereum/BSC bridge for Hedget’s token, users on multiple chains can hedge the risks for their crypto holdings and debt positions on lending protocols.
Hedget’s decentralized option products allow users to hedge price fluctuations as well as the risk in their collateralized lending positions. With Hedget’s protocol, users can utilize their collateral to create and trade different option series on-chain.
As a modular and expandable bridge, we are looking to onboard those projects who improve the current inefficiencies within the DeFi space. Having Hedget as our partner elevates the quality of Allbridge services and provides cross-chain opportunities for convenient options trading.
Considering the price fluctuations of cryptocurrencies, it is important to build the necessary infrastructure to avoid sudden liquidations during significant price drops. If we look back at May, we can see how important the risk-mitigation solutions are to DeFi’s sustainability. Our task at Allbridge is to make them available to a wider audience and expand the accessibility from various chains.
And who knows, maybe Hedget’s solution will even teach you how to become the next Bobby Axelrod and to have your own successful hedge fund 😄 But until that day comes, check out their product to lower the risks of trading on lending protocols.
If you are interested in transferring HGET with the help of our bridge look no further — https://bit.ly/3jtgwIW.
Follow the links below to learn more about Hedget and join Allbridge channels to stay up to date with the new partnership announcements.
About Hedget
Hedget is a decentralized options trading platform running on both Ethereum and Binance Smart Chain. It is one of the first platforms to offer cash-settled cryptocurrency options and is available to anyone with a Web3 enabled cryptocurrency wallet.
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About Allbridge
Allbridge is a decentralized, modular, and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.
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