Description
Hedgehog Protocol is building a Modular Synthetic Blockspace that allows the creation of derivatives markets for any on-chain expense, enabling users to trade, hedge, and speculate on on-chain activity. The protocol abstracts the complexities of blockspace to focus on price, creating liquid token derivatives for on-chain costs like BaseFee, Blob fees, Bitcoin transaction fees, and Funding Rates. Its modular infrastructure allows users, including rollups, blockchains, exchanges, crypto projects, and individual traders, to actively manage and capitalize on these expenses. The protocol supports minting various derivatives backed by multiple collaterals, making any on-chain data tradeable, and features a stability pool where users can stake BaseFee to secure the protocol and earn incentives from redemptions and liquidations.