# Proposal to for 500k Co-Investment on HEGIC Pool **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [May 11, 2021, 8:19am UTC](https://gov.bancor.network/t/proposal-to-for-500k-co-investment-on-hegic-pool/2049 "2021-05-11T08:19:36Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![jacob.dc](https://avatars.discourse-cdn.com/v4/letter/j/b487fb/32.png) [@jacob.dc](https://gov.bancor.network/u/jacob.dc)\ **Post date:** [May 11, 2021, 8:19am UTC](https://gov.bancor.network/t/proposal-to-for-500k-co-investment-on-hegic-pool/2049/1 "2021-05-11T08:19:36Z")
**Proposal for Co-investment of 500k BNT on HEGIC pool** # TL;DR - Co-investment limit of 500,000 BNT - It will open up space for LPs on the HEGIC side and potentially lead to an increase in the depth of the pool as LPs add liquidity - A larger HEGIC pool will attract more trades from aggregators and professional market makers to Bancor which ultimately leads to more fees for our platform - This proposal seeks to propose co-investment limit to 500k BNT in the HEGIC pool. **Abstract** There is currently $8M of liquidity in the HEGIC/BNT pool. This proposal is seeking to add single-sided capacity in the HEGIC pool by proposing the co-investment limit to 500k BNT. For: agree to co-investment limit to 500k BNT in the HEGIC pool Against: do not agree to co-investment limit to 500k BNT in the HEGIC pool **The HEGIC ecosystem: On-chain options trading protocol on Ethereum** Project Website: [https://www.hegic.co/](https://www.hegic.co/) Project Documentation: [https://ipfs.io/ipfs/QmWy8x6vEunH4gD2gWT4Bt4bBwWX2KAEUov46tCLvMRcME](https://ipfs.io/ipfs/QmWy8x6vEunH4gD2gWT4Bt4bBwWX2KAEUov46tCLvMRcME) Hegic is an on-chain peer-to-peer options trading protocol built on Ethereum. The benefits to the DeFi ecosystem and its users are: Holders: Trade WBTC & ETH call and put options. Non-custodial options with on-chain settlement. Choose any strike price, exercise at any moment. Writers: Write WBTC or ETH call and put options.Provide liquidity and start earning yield on WBTC or ETH. Auto diversification of capital allocation. Token Holders: Earn protocol’s fees in staking rewards. Receive liquidity mining & utilization rewards in HEGIC. Participate in staking and earn WBTC or ETH. ![](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/e1c287fdabb487fdff11fad2bd493146f04c1f13.jpeg) **Hegic in Numbers** [Hegic](https://www.hegic.co/) has achieved steady results in the second quarter since v888 beta launch. The protocol has surpassed the total amount of [3,200+ ETH options and 1,500+ WBTC options](https://hetoro.com/) acquired (calls and puts combined) in the first six months after the launch. All these options contracts were bought by 1,368 unique users (options buyers). _10 Oct 2020 - 10 Apr 2021_ Cumulative ETH Options - $150,011,713 ($3,725,533 fees generated) Cumulative WBTC Options - $141,278,505 ($3,479,591 fees generated) Total - $291,290,218 ($7,205,124 total fees generated) Hegic TVL at moment of writing this report is sitting around ~ $61.2M For detailed stats on Hegic, please visit: [https://terminal.tokenterminal.com/dashboard/Hegic](https://terminal.tokenterminal.com/dashboard/Hegic) **Tokenomics** _HEGIC Token_ Token standard: ERC20 HEGIC token on Etherscan: [Hegic (HEGIC) | ERC-20 | Address: 0x584bC13c...E68768430 | Etherscan](https://etherscan.io/token/0x584bC13c7D411c00c01A62e8019472dE68768430) HEGIC Token Distribution: 3,012,009,888 HEGIC tokens (fixed total supply, not mintable) - 20% (602,402,000 HEGIC): Early Contributors - 10% (301,200,988 HEGIC): Hegic Development Fund - 40% (1,204,809,000 HEGIC): Liquidity M&U Rewards - 25% (753,001,000 HEGIC): Bonding Curve - 5% (150,596,900 HEGIC): Balancer Pool _Bonding Curve_ The HEGIC token price increases as the supply of the token increases. When a new buyer has acquired the HEGIC token, each subsequent buyer will have to pay a slightly higher price for each token. As more people will discover Hegic protocol and buying continues, the value of each token gradually increases along the bonding curve. _Liquidity Mining & Utilization Rewards_ The purpose of three Liquidity M&U Rewards phases is to let the users of the Hegic protocol to become its owners. Liquidity providers and options buyers vote with their wallets for the protocol. That is why they have to be able to influence its future and own a fraction of the protocol. **Community and Communication** Hegic is active on Twitter, Telegram, Discord, Github and Medium. Twitter: **[https://twitter.com/HegicOptions](https://twitter.com/HegicOptions%5C)** Telegram: [Telegram: View @HegicOptions](https://t.me/HegicOptions) Discord: [Hegic](https://discordapp.com/invite/znjdj8q) Github: [Hegic · GitHub](https://github.com/hegic) Medium: [https://medium.com/hegic](https://medium.com/hegic) Defipulse: [https://defipulse.com/hegic](https://defipulse.com/hegic) Email: [help@hegic.co](mailto:help@hegic.co) **Available Audits** Hegic has been audited by PeckShield and the reports are available via the Hegic Github page: > **[PeckShield-Audit-Report-Hegic-v1.0.pdf](https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Hegic-v1.0.pdf)** **Market and Trading Data** - Hegic price at the time of writing is $0.2329. - All-time high: $0.642 (13 February 2021) - All-time low: $0.043 (21 September 2020) - Price 90 days ago: $0.270 - 425,355,246 tokens in circulation - 3,012,009,888 maximum supply - The current market capitalization is $99,325,486 - The Hegic token is available on major exchanges, including Binance, [Gate.io](http://Gate.io), OKEx, BKEx, [Hoo.com](http://Hoo.com). ---
**Author:** ![tenzent](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tenzent/32/1821_2.png) [@tenzent](https://gov.bancor.network/u/tenzent)\ **Post date:** [May 11, 2021, 8:58am UTC](https://gov.bancor.network/t/proposal-to-for-500k-co-investment-on-hegic-pool/2049/2 "2021-05-11T08:58:11Z")
This proposal already passed. [Proposal: Whitelist HEGIC, 500k BNT Co-Investment](https://gov.bancor.network/t/proposal-whitelist-hegic-500k-bnt-co-investment/1781) ![Screen Shot 2021-05-11 at 1.56.04 AM](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/a22fd68be7a8005f9d7e6c8b8d95e4172ff12d3a.png) ---
**Author:** ![mbr](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/mbr/32/3021_2.png) [@mbr](https://gov.bancor.network/u/mbr)\ **Post date:** [May 22, 2021, 9:54am UTC](https://gov.bancor.network/t/proposal-to-for-500k-co-investment-on-hegic-pool/2049/3 "2021-05-22T09:54:47Z")