The Hedget Protocol is a decentralized protocol for options trading. By providing collateral, users can create and trade different series of options on-chain. Decentralized options products allow users to hedge against price volatility and the risks associated with collateralized positions. The protocol also adds second-layer support to existing blockchains, such as Ethereum, enabling faster, cheaper, and more complex transactions. Hedget believes that risk-reducing DeFi protocols, like decentralized options, are necessary cornerstones as the decentralized finance sector grows and matures.