# Provenance stamped 2026-10-07 (roadmap#943): written by an API Evangelist sweep (undated — the file carries no date and git cannot supply one), not
# harvested from the provider. `method: generated` so the economics campaign may replace it with a
# dated, verbatim transcription; every figure below is unverified until it does.
# Coverage demoted 2026-10-07 (roadmap#942, PLAN.md Stage A): this file was written by an API Evangelist
# sweep and names no billing unit, meters or pricing category read from the provider — it restates the
# FinOps framework. It is `x-coverage: unmeasured`, and the FOCUS alignment it claimed has been removed.
x-coverage: unmeasured
method: generated
name: Hegic API FinOps
description: >
  Financial operations considerations for developers building on or integrating
  with Hegic protocol data. Hegic is a decentralized protocol with no direct
  API subscription costs, but data access through third-party providers and
  on-chain gas fees carry associated costs.
costs:
  - name: On-Chain Gas Fees (Arbitrum)
    description: >
      Write interactions with Hegic smart contracts (buying options, providing
      liquidity, exercising options) require Arbitrum ETH for gas fees.
      Read-only calls (balanceOf, getOption, etc.) via JSON-RPC are free.
    type: variable
    currency: ETH
    notes: Arbitrum gas fees are significantly lower than Ethereum mainnet
  - name: DefiLlama API
    description: >
      Free for all users. No cost for querying Hegic TVL, fees, revenue,
      and options volume data.
    type: free
    cost: $0
  - name: The Graph Protocol Queries
    description: >
      100,000 free queries per month via Subgraph Studio. Additional queries
      billed at GRT (The Graph token) or USD depending on plan.
    type: freemium
    free_tier: 100,000 queries/month
    paid_rate: Variable; see thegraph.com/studio for current pricing
  - name: Arbiscan API
    description: >
      Free tier available with API key registration (no cost). Pro plans
      available for higher rate limits and additional endpoints.
    type: freemium
    free_tier: 100,000 calls/day
    paid_plans:
      - name: Basic
        url: https://arbiscan.io/apis
        notes: Check Arbiscan website for current pricing
  - name: RPC Provider (Alchemy/Infura)
    description: >
      For production applications querying Hegic contract data at scale,
      a dedicated RPC provider is recommended. Both Alchemy and Infura
      offer free tiers.
    type: freemium
    free_tier: Varies by provider
    notes: Free tiers sufficient for development; paid plans for production scale
protocol_revenue:
  description: >
    Hegic protocol generates revenue from options premiums. The Stake and
    Cover pool (HEGIC stakers) earns net protocol revenue. Per DefiLlama:
    annualized fees approximately $1.53M, 30-day revenue approximately $39,875
    as of mid-2026.
  tvl: $8.48M (Arbitrum $7.61M + Ethereum $869K)
  cumulative_options_premium_volume: $11.22M
  treasury: $37.04M