Hegic fundamentals

A space to discuss the fundamentals of ‘Hegic’.

Link to the dashboard: Hegic (HEGIC) - Key metrics | Dashboard | Token Terminal

Token Terminal <> Hegic | Monthly data update (April 2023)

Chains tracked: Arbitrum, Ethereum

Methodology:

  • Trading volume: Notional trading volume on Hegic
  • Fees: Total premium paid by users
  • Supply-side fees: Share of fees that goes to the service providers
  • Revenue: Premium paid to HEGIC stakers
  • Token incentives: USD value of tokens that have been distributed to incentivise users
  • Earnings: Revenue minus token incentives
  • Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
  • Daily active users: Monthly average number of daily distinct Option Buyers, Option Providers, Option Exercisers, and Premium Payees
  • Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
  • Code commits: Number of commits to the project’s public GitHub repositories

Metrics (April 2023):