Hegion

Hegion is a peer-to-pool options trading platform within the Decentralized Finance (DeFi) ecosystem. Launched in 2020, the protocol enables users to buy and sell American-style call and put options for cryptocurrencies like ETH and wBTC. It operates without traditional intermediaries by using smart contracts on the Ethereum blockchain. The platform's model relies on liquidity pools, where users can deposit assets to act as the collective counterparty for options writers, earning premiums and fees in return. Hegion emphasizes its non-custodial and trustless nature, giving users full control over their funds.