Hegic is a simple on-chain options trading platform, focusing on user-friendly access to options. Panoptic is the first fully permissionless on-chain options protocol, enabling anyone to create or trade options without intermediaries. Hegic suits traders who prioritize ease of use, while Panoptic appeals to DeFi users who value open, permissionless infrastructure.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $9.2MDefiLlama | $1.7MDefiLlama |
| MCap Rank | #959 | — |
| Total Raised | — | $11.5M |
| Founded | — | 2022-07 |
| Stage | — | — |
| X / Twitter | 25K | 21K |
| GitHub Stars | — | — |
| Chains | arbitrumethereumfantom | baseethereumunichain |
| Tags | Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi) | Options, Derivatives, DeFi |
Hegic is an on-chain peer-to-pool options trading protocol on Arbitrum and Ethereum, enabling users to trade ETH and WBTC ATM/OTM calls and puts, as well as one-click option strategies. It provides a decentralized alternative for options trading within the DeFi ecosystem.
Panoptic is the first on-chain, permissionless options protocol that allows users to trade and provide liquidity for options without needing a counterparty. It enables undercollateralized option selling for greater capital efficiency and deeper liquidity, and supports portfolio margin for institutional risk management.

