Launched in September 2020, Hedget represents a decentralized and non-custodial cryptocurrency options protocol. Backed by a roster of strategic investors and partners, including Chromia, FTX/Alameda Research, Orion Protocol, NGC Ventures, and FBG Capital, Hedget is poised to revolutionize decentralized finance (DeFi) platforms and lending markets. The Hedget team envisions the evolution of global decentralized options markets as the logical progression for DeFi platforms and lenders. By offering the ability to hedge against volatility in both directions, these platforms, along with casual users, can safeguard themselves against liquidation and insolvency. Moreover, Hedget options serve as effective trading tools for capitalizing on market price movements. Emphasizing interoperability, the team has developed implementations for multiple blockchains. Hedget has been tailored for both Binance Smart Chain and Ethereum, with Chromia serving as a Layer 2 enhancement for the Ethereum platform. Looking ahead, the Hedget foundation aims to oversee platform development for the next several years, with plans to establish a decentralized autonomous organization (DAO) to govern platform rules and mechanics. The Hedget Token (HGET) serves as the native utility and governance token of the platform. Issued as an ERC-20 contract on the Ethereum network, HGET will also have representation on a Chromia sidechain and Binance Smart Chain. Functioning as the governance token, HGET enables token holders to vote on matters such as adding new assets, default options parameters, and UI enhancements. A Testnet platform hosted on the Chromia testnet requires users to stake HGET tokens for access. While users trade with testnet tokens on the demo site, top performers receive real HGET tokens as rewards upon the mainnet release on the Chromia blockchain. HGET fulfills various functions on the platform. Users must stake HGET tokens to interact with the platform, and all trading commissions are collected in HGET tokens. Additionally, HGET is utilized to prevent order book manipulation and API overloads. In the future, HGET will be instrumental in implementing margined options as a security measure and reputation engine. Options writers seeking to offer options without 1:1 collateral will need to stake HGET tokens, which will be used to purchase fully collateralized options as a hedge against capital insufficiency risk. This mechanism safeguards end-users from the adverse effects of options writers' insolvency. As the platform evolves, a DAO will be established, with HGET tokens determining transaction fees, reserve requirements, and overall platform functions and features.