TON Hedge is a trading platform in the TON ecosystem that lets users trade options on $TON and provide liquidity to earn interest.
Overview#
The service offers options with expiries from 1 hour to 1 month and supports both bullish (Call) and bearish (Put) strategies. Trades are executed via smart contracts, and positions are represented as NFTs, allowing transfer between wallets. Liquidity providers deposit $USDT into a pool and receive $THLP tokens that track their share of the pool, earning an annual percentage yield (APY) of 20–60% depending on volume and pool size. An airdrop of the future TON Hedge Coin is available for users who collect “Tickets” through platform activity.
Options trading#
Mechanics
- Underlying asset: $TON (future support for $BTC and $ETH).
- Price feed: RedStone oracle, verified on‑chain at purchase.
- Option types: Put (right to sell) and Call (right to buy).
- Expiry: 08:00 UTC on the designated expiration date; if not exercised, the contract auto‑executes at the 08:00 UTC price.
- Transferability: Positions are NFTs, so they can be moved to other wallets or traded.
Put option
A put gives the holder the right to sell $TON at the strike price, profiting in $USDT when the market price falls below the strike.
Call option
A call locks in the current $TON price for the option period, allowing the holder to buy at that price if the market rises above the strike.
Liquidity provision#
Users deposit $USDT into the liquidity pool and receive $THLP tokens proportional to their contribution. The pool’s fees, generated from option purchases, fund the APY. TON Hedge may cap the pool’s maximum volume, limiting further deposits when the cap is reached.
Risks
- Smart‑contract vulnerabilities may affect funds.
- Withdrawals are not immediate; liquidity can be locked to cover active options.
- Execution time is not guaranteed to be exactly 08:00 UTC; delays are possible.
TON Hedge Coin and rewards#
The platform plans to launch its own token, TON Hedge Coin. Users can earn “Tickets” through actions such as the first trade, option volume, referrals, and community participation. Accumulated tickets qualify users for airdrops of the future token, available only in the TON Hedge mini‑app.
Current status#
TON Hedge is in an alpha testing phase; details about airdrops and APY may change.