Live on Base · 8453 · Drop 001

HEDGER

Each drop is a financial instrument. Earn LP fees, keep full upside, and hedge the impermanent loss of LPing on the way up — in a single transaction.

1 WETH innet Δ ≈ 1.00×full ETH upside

Net-long · not delta-neutral · downside amplified · pre-audit

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The mechanism

One asset in.
~1.0× out. One transaction.

Your WETH splits — derived on-chain, never hardcoded — flows through two DeFi legs, and recombines into full ETH exposure while the LP keeps earning fees.

CAPITAL ETH EXPOSURE Uni v4 / AeroLP · WETH+USDC ETH2x · ×2via FlashMint USDC → fees 0.66× (2×) 0.33× (LP) ≈1.0×
01

Split ⅔ / ⅓

Your WETH divides — ⅔ to a liquidity position, ⅓ to a 2× leveraged long. The ratio is solved on-chain from the target net delta, not baked in.

02

Lever + LP

The ⅓ FlashMints Index Coop ETH2x atomically; the ⅔ adds liquidity on Uniswap v4 or Aerodrome WETH/USDC.

03

Recombine to ~1.0×

The 2× leg widens ⅓ of capital into 0.66× exposure; the LP's ETH half adds 0.33× → full ETH upside, while the USDC half earns swap fees.

What you actually keep

The hedge, drawn.

Drag the price. See how the IL Eliminator (mint) keeps near-full ETH upside the way a naked LP (amber) can't — and why the downside is amplified. Honest, illustrative model.

IL EliminatorFull ETH holdNaked LP
1.00×
IL Eliminator value
ETH price move+0%
Full ETH hold1.00×
Naked LP1.00×
IL eliminated+0.00×
The catalogue

Hedging instruments,
dropped like releases.

001IL EliminatorLP fees + full upside, impermanent loss hedged on the way up.● LiveHedge or DieA 25-second IL-survival game on Farcaster — feel the thesis before you trade it.Play
002delta neutraldelta-neutral vault for sideways liquidity providersClassified
003tail insuranceon-chain insurance against liquidation eventsSoon
004?????????structured yield, fully collateralised onchainSoon
Prices · underwrites · governs

$HEDGE — the asset
that prices the factory.

Each drop is a payoff with a shape. The IL Eliminator is a covered call — net‑long, short‑gamma, paid in LP fees to be short vol. $HEDGE is the one token that discounts the fee on that payoff, underwrites its tail for a premium, and governs which payoff ships next. The buybacks run on real fees — not emissions. Utility and governance, not a dividend.

Fee rebate

Stake to cut the high‑water‑mark performance fee on your positions, by tier. You're buying down your own strike.

Premium access

Roadmap auto‑compounding vaults, gated or yield‑boosted by stake. The set‑and‑forget key.

Backstop staking

Write a short put on the tail of net‑long drops. Earn the premium for bearing first‑loss — paid for the work, not for nothing.

Factory governance

Vote on which drops ship, venues, fee policy, treasury, buybacks. Decisions with a number attached.

Launch rights

Shipping a new instrument through the factory requires staked $HEDGE. Skin in, or no deploy.

The dual buyback flywheel
01
Trading‑fee buybacks$HEDGE launches via PoolFans — its trading‑fee rights tokenized to the treasury and recycled into automatic buybacks. Free with the launch rail.
02
Product‑fee buybacksDrop performance fees fund governed open‑market buybacks — the bid that doesn't vanish in chop the way volume does. Two uncorrelated buy pressures, one floor, not one new token minted.

Fixed 1B supply · no mint · no premine · renounced · fair launch via PoolFans on Base · gated behind external audit + multisig + 48h timelock · pre‑TGE, not yet launched.

Verified on Base

Real contracts.
No admin rug.

Custodied legs are tracked — rescue() can never touch open positions. Ownable2Step + timelock-ready, Pausable, and fork-tested against live Base state.

0%
one-tx round-trip
~0×
net delta
0/30
fork tests passing
The split, solved
c_LP = (L−t)/(L−d)
c_lev = (t−d)/(L−d)

For leverage L=2, pool delta d=0.5, target net delta t=1 → LP / leverage. The original 2020 DeFiZap 66/34 recipe, rebuilt for 2026.

Impermanent loss
IL(r) = 1 − 2√r / (1+r)

The drag a naked LP eats vs holding. The 2× leg widens ⅓ of capital into 0.66× exposure to offset it on the way up — the whole point.

One transaction · on Base

For the bulls.

Earn LP fees, keep full upside, hedge the impermanent loss of LPing on the way up.

⚠ The position is net long and not delta-neutral — downside is amplified and the 2× leg can be liquidated on a ~50%+ drop. Pre-audit software. Not financial advice.