To create a call option at ETH $210 to be exercised in a month’s time, and she priced the option at $10.
Bought the call option at $10; he could choose to make the payment in either ETH, stablecoins or other tokens supported in the swap.
Money is moved between users’ accounts only when they trade or exercise option contracts. Protocol is free from counterparty risk. Since it’s impossible to algorithmically assess credit-worthiness, Hedget requires all options to be fully collaterized.
Ethereum smart contract which handles ETH and ERC-20 token deposits and withdraws and implements physical settlement.
Chromia-based blockchain (dapp) which handles trades, track ownership of contracts and facilitates communication necessary to perform settlement through Ethereum smart contracts.
Client-side wallet and trading user interface, which takes commands from user and carries them out using Ethereum smart contract and Chromia dapp.