Clover Finance is excited to announce that Clover will work together with Hedget to construct the cross-chain bridge between Binance Smart Chain and Polkadot.
Hedget is a leading on-chain options and hedging solution in the decentralized derivatives market. Hedget seeks to help crypto asset holders mitigate risk and secure positions against the increasing market volatility in the cryptocurrency market.
Hedget will deploy its platform to the Clover ecosystem, making itself the first options trading platform on Polkadot. Meanwhile, as Hedget is currently based on Binance Smart Chain, it will also collaborate with Clover in developing the cross-chain bridge between BSC and Polkadot.
With Clover’s advantages as a cross-chain platform, Hedget will onboard more collaterals across various blockchains into its ecosystem, in order to realize a faster, cheaper, and easier trading experience.
Hedget is a leading decentralized protocol for options trading. By putting up collateral, users can create and trade different options series on chain. Decentralized options products allow users to hedge price fluctuation and also the risk in their collateralized lending positions. Hedget believes that risk mitigating DeFi protocols like decentralized options are necessary building blocks as the decentralized finance sector grows and matures.
Clover is a powerful smart contract platform that enables Ethereum developers and projects to migrate their contracts onto Polkadot. By minimizing the changes required to run existing Solidity smart contracts on the new network, Ethereum projects can simply replicate their dApp and deploy it to Clover using MetaMask, Truffle, Remix, and other familiar tools.
Clover X Hedget | Constructing the 1st BSC-Polkadot Cross-Chain Bridge was originally published in Clover on Medium, where people are continuing the conversation by highlighting and responding to this story.