What is Hedget (HGET) Crypto Coin? A Clear Guide to the Decentralized Options Protocol
Hedget Options Profit Calculator
Calculate Your Hedging Potential
See how Hedget options could protect your crypto positions. Enter values to simulate outcomes for call or put options.
Enter values to see your potential profit/loss.
Hedget isn't just another cryptocurrency. It’s a tool built to help traders protect themselves from wild price swings in crypto markets. Think of it like insurance for your Bitcoin or Ethereum holdings - but instead of paying a company, you’re using a smart contract on the blockchain. The native token, HGET, powers this entire system. It’s not meant to be a store of value like Bitcoin. It’s a functional piece of software that lets you create, trade, and settle options contracts without handing your money over to a middleman.
How Hedget Works: Options on the Blockchain
Options are financial contracts that give you the right - but not the obligation - to buy or sell an asset at a set price by a certain date. Hedget brings this concept to DeFi. If you own 1 ETH and you’re worried it might drop next week, you can buy a put option on Hedget. That means you lock in the right to sell your ETH at today’s price, even if the market crashes. If the price falls, you profit. If it rises, you lose only the fee you paid for the option.
Unlike centralized exchanges like Deribit, Hedget doesn’t hold your funds. Everything runs on-chain. When you create an option, your collateral (like DAI or USDC) is locked in a smart contract. When someone buys your option, they pay you a premium. If the option is exercised, the payout happens automatically. No bank. No KYC. No counterparty risk.
The system has three core parts:
- Ethereum Smart Contract (ESC): Handles the money - deposits, withdrawals, and settlements.
- Chromia dApp (CTD): The interface where you actually place trades. It’s built on Chromia’s relational blockchain, which is faster and cheaper than Ethereum for complex financial logic.
- Client Side Wallet (CSW): Your browser wallet (like MetaMask) that connects to the platform. You control your keys. Always.
The HGET Token: More Than Just a Coin
HGET isn’t traded just for speculation. It’s required to use the platform. To create or trade options, you must stake HGET. The amount you need to stake depends on how much you’re trading and how often. This isn’t arbitrary - it’s a spam filter. Without staking, bots could flood the system with fake orders and crash prices.
Every trade on Hedget charges a fee - and that fee is paid in HGET. That means every time someone uses the platform, HGET is burned or redistributed, creating ongoing demand. It’s not just a governance token. It’s the fuel.
Future upgrades will make HGET even more critical. The upcoming margined options feature will let users write options without putting up 100% collateral. But to do that, they’ll need to stake HGET as security. If they default, the protocol automatically uses their staked HGET to cover the loss. It’s a self-insuring mechanism built into the token.
Token holders also vote on platform changes - new assets, fee structures, UI updates. The goal is a full DAO, where HGET holders run the protocol. As of late 2025, voting is already live on the official proposals page.
Where Hedget Runs: Multi-Chain Design
Hedget isn’t stuck on Ethereum. It runs on three chains:
- Ethereum: The original and most secure base layer.
- Binance Smart Chain (BSC): Lower fees, faster transactions for users who prefer it.
- Chromia: The real game-changer. Since August 2025, Chromia acts as a Layer 2 solution, slashing average trade fees from $3.27 to just $0.18. This made small trades feasible for retail users who were priced out before.
This multi-chain approach is rare in DeFi options. Most protocols stick to one chain. Hedget’s flexibility lets users pick based on cost, speed, or familiarity. It also reduces single-point failure risk.
Market Reality: Small, But Purposeful
As of November 28, 2025, Hedget’s market cap sits at $92,546.64. The circulating supply is 1.8 million HGET tokens, trading at around $0.04992 each. The 24-hour trading volume is only $36,133.60. Compared to giants like Deribit - which handles over $1.2 billion daily - Hedget is tiny.
But size isn’t everything. Hedget isn’t trying to compete with institutional players. It’s built for retail traders who want to hedge small positions - maybe $500 in ETH or $200 in SOL. For them, the ability to lock in a price without trusting a centralized exchange is priceless.
It’s ranked #3088 on CoinMarketCap. Competitors like Hegic and Dopex are bigger, but they’re single-chain. Hedget’s multi-chain design gives it an edge in accessibility. Still, liquidity is thin. If you want to trade $10,000 in options, you’ll struggle. This isn’t a market for whales. It’s for everyday crypto users trying to reduce risk.
Who Uses Hedget? And How Hard Is It?
Most users are retail traders with 1-5 ETH or equivalent in crypto. They’re not hedge funds. They’re people who got burned by a sudden price drop and want to avoid it next time. According to a Reddit survey from October 2025, 73% of new users found the options mechanics confusing at first - strike prices, expiration dates, intrinsic value. It’s not beginner-friendly.
You need to understand:
- What a put vs. call option is
- How strike prices work
- Why expiration matters
- How to stake HGET
- How to manage collateral
There’s no hand-holding. The interface is clean, but the concepts aren’t. Support exists - documentation is solid, community channels are active - but with only 8,500 monthly active users (per DappRadar), you won’t find a big support network like you would on Uniswap or Aave.
And there’s no history of hacks. Since its 2020 launch, Hedget has had zero reported security breaches. That’s rare in DeFi.
Regulatory Risks and Future Outlook
DeFi options are a gray area. The SEC has targeted some protocols as unregistered securities exchanges. Hedget’s non-custodial structure - where users control their own funds - gives it some legal breathing room. But regulators aren’t done watching.
Looking ahead, Hedget’s roadmap includes:
- Launching margined options with HGET-backed collateral
- Adding more crypto pairs beyond the current 7
- Full DAO governance rollout
Analysts at Gate.io predict HGET could reach $0.10 by 2030 - still far below Bitcoin’s projected $200K+, but a 100%+ gain from today’s price. That’s possible - but only if adoption grows. Right now, it’s a niche tool in a $5.9 billion corner of DeFi. Hedget holds just 0.016% of that market.
Its future depends on two things: whether more retail traders see the value in self-custodied options, and whether the platform can attract enough liquidity to make trades smoother. It won’t replace Deribit. But for someone who wants to protect their crypto without giving up control? Hedget might be the only option.
Final Thoughts: Is HGET Worth It?
Hedget isn’t for everyone. If you’re looking to get rich quick, skip it. If you’re trying to avoid losing money in a crash, it’s one of the few tools that lets you do it without trusting a company.
It’s technical. It’s illiquid. It’s small. But it’s also honest. No promises. No hype. Just code that lets you hedge your risk on your terms. If you’re already deep into DeFi and you’ve lost money to volatility, Hedget isn’t a gamble - it’s a safety net. And in crypto, that’s worth more than most coins.
Joel Christian
so i tried hedget last week and like… i thought i was buying insurance but ended up losing my dais bc i didnt understand strike prices?? like wtf is even happening??
jeff aza
Let’s be clear: Hedget isn’t a ‘crypto coin’-it’s a decentralized options protocol with a utility token (HGET) that enforces collateralization, mitigates MEV, and enforces atomic settlement via smart contracts. The fact that you’re calling it a ‘coin’ reveals a fundamental misunderstanding of DeFi primitives. Also, Chromia’s relational blockchain architecture is the only reason this doesn’t implode under Ethereum’s gas fees. Stop using ‘coin.’
Vijay Kumar
You think this is finance? No. This is digital feudalism. You stake your HGET, you bow to the contract, and if you fail-you vanish into the blockchain void. Who are we really serving here? The people? Or the code?
Vance Ashby
lol i staked 500 HGET just to buy a $20 put on SOL… and it expired OTM. still, at least i didn’t give my keys to binance 😅
Brian Bernfeld
Let me tell you something real: if you’re holding crypto and you’re not hedging, you’re not investing-you’re gambling with your rent money. Hedget is the quiet hero of DeFi. No flashy NFTs. No meme coins. Just cold, hard math protecting people who can’t afford to lose. I’ve seen users go from panic-selling to calm strategists because of this. That’s not tech-that’s therapy with a blockchain.
And yes, the interface is clunky. Yes, liquidity is thin. But for the first time ever, a retail trader with 2 ETH can lock in a floor price without begging a centralized exchange for mercy. That’s revolutionary. Stop comparing it to Deribit. You’re using a bicycle to critique a rocket ship.
And HGET burning? Genius. Every trade fuels the engine. No inflation. No empty promises. Just mechanics that align incentives. If you’re still sleeping on this, you’re not late-you’re lost.
Ian Esche
Chromia? Seriously? We’re letting foreign blockchains run our financial infrastructure now? Next they’ll be using Chinese nodes for ETH staking. This isn’t freedom-it’s surrender.
Felicia Sue Lynn
It’s fascinating how this protocol transforms risk from an emotional burden into a quantifiable, executable variable. The psychological liberation for retail traders-being able to plan for volatility rather than be consumed by it-is perhaps the most profound, yet least discussed, aspect of Hedget’s design.