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Hedgehog Protocol
Hedgehog Protocol is a modular synthetic blockspace for creating derivatives markets on any on-chain expense. It enables traders, businesses, and degens to trade, hedge, and speculate on costs like transaction fees (BaseFee, Blob fees, Bitcoin tx fees) and funding rates.
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Hedgehog Protocol
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Description
Hedgehog Protocol is a modular synthetic blockspace platform designed to address the issue of volatile cryptocurrency transaction fees. It allows users to hedge, trade, and profit from gas fees through various strategies, including buying or selling BaseFee on automated market makers (AMMs) and participating in staking and liquidity pool activities. The protocol employs a generalized CDP model, inspired by Liquity, providing flexibility to extend its application to various on-chain derivatives beyond BaseFee.Category: DeFi
Hedgehog Protocol
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Description
Hedgehog Protocol is a high-frequency on-chain prediction market for blockchain-native metrics. Users take UP or DOWN positions on values such as base fees, priority fees, and funding rates over short, recurring intervals with on-chain resolution and real-time odds. The system adds new metric markets through a shared framework and charges fees on winning outcomes to reward liquidity providers and sustain operations.Category: Prediction Markets