molly wintermute

 

Molly Wintermute, a pseudonymous Defi coder, and Twitter celebrity sent her first tweet on January 28, 2020. "Verifying myself: I am mollywintermute on http://Keybase.io," Molly Wintermute remarked. The next day, a mysterious message was posted with the words "1v3 b33n w0rk1ng 0n something th4t AI c4ll /Hegic/. AI h0p3 t0 r3v34l my cr34ture 4s4p. #Hegic." Hegic, an on-chain peer-to-pool options trading technology built on the Ethereum blockchain, was launched shortly after this strange presentation. Molly Wintermute's tweets have recently focused on Hegic platform expansions and upgrades, as well as statistics showing daily volume records on the derivatives trading platform.

 

Molly Wintermute and Hegic were able to overcome several obstacles that would have halted many other initiatives. A problem in the code was discovered shortly after Hegic was released on April 23, and $48,000 in user monies was permanently trapped in the project's smart contracts.

 

Fortunately, Molly Wintermute had built a strong community, and with the help of early contributors, a fresh smart contract was launched in May, with all users receiving a refund for any monies lost due to the flaw. The new contract's audit was completed a month later, and Hegic continued to add new features, increasing the total value locked to over $80 million by the end of the year, setting a new record.

 

Whiteheart is a "system of Ethereum smart contracts that can automatically conduct the process of hedging users' holdings' market value" by purchasing "an at-the-money (ATM) put option contract on the user's behalf each time the user acquires an asset on a decentralized exchange (DEX)," according to the announcement.