Allbridge Adds Hedget To List Of Supported Projects

Allbridge & Hedget announced strategic collaboration.

With Ethereum/BSC bridge for Hedget’s token, users on multiple chains can hedge the risks for their crypto holdings and debt positions on lending protocols.

Hedget’s decentralized option products allow users to hedge price fluctuations as well as the risk in their collateralized lending positions. With Hedget’s protocol, users can utilize their collateral to create and trade different option series on-chain.

As a modular and expandable bridge, they are looking to onboard those projects who improve the current inefficiencies within the DeFi space. Having Hedget as partner elevates the quality of Allbridge services and provides cross-chain opportunities for convenient options trading.

Considering the price fluctuations of cryptocurrencies, it is important to build the necessary infrastructure to avoid sudden liquidations during significant price drops. If they look back at May, they can see how important the risk-mitigation solutions are to DeFi’s sustainability. Their task at Allbridge is to make them available to a wider audience and expand the accessibility from various chains.

About Hedget

Hedget is a decentralized options trading platform running on both Ethereum and Binance Smart Chain. It is one of the first platforms to offer cash-settled cryptocurrency options and is available to anyone with a Web3 enabled cryptocurrency wallet.

About Allbridge

Allbridge is a decentralized, modular, and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.

📰 INFO

https://allbridge.medium.com/allbridge-adds-hedget-to-the-list-of-supported-projects-4af36a6caa56