# Hedgehog Protocol

> Prediction Market For  Every On-chain Metric

Hedgehog Protocol lets users predict blockchain-native metrics in short on-chain rounds, creating markets around fees, funding rates, and other real-time costs.

Hedgehog Protocol is a decentralized prediction market for on-chain metrics and costs. Users predict whether values like base fees, priority fees, and funding rates move up or down over short intervals with on-chain resolution and real-time odds. Its modular design extends across multiple blockchains, turning network costs into tradable instruments for hedging and speculation.

- Type: Project
- Sector: Finance
- Status: Announced
- Profile: https://thegrid.id/profiles/hedgehog_protocol

## Products

- [Hedgehog Protocol](https://thegrid.id/profiles/hedgehog_protocol): Hedgehog Protocol is a high-frequency on-chain prediction market for blockchain-native metrics. Users take UP or DOWN positions on values such as base fees, priority fees, and funding rates over short, recurring intervals with on-chain resolution and real-time odds. The system adds new metric markets through a shared framework and charges fees on winning outcomes to reward liquidity providers and sustain operations. (Prediction Markets, In Development, Main Product)

## Assets

- [HOG (HOG)](https://thegrid.id/profiles/hedgehog_protocol): HOG is the governance and utility token of Hedgehog Protocol. It is used to vote on protocol upgrades and economic parameters, stake to earn rewards, and participate in minting activities within the ecosystem. The token enables holders to earn passive income through staking while gaining voting power over the protocol's economic model and governance decisions. (Governance)
- [BaseFee Token](https://thegrid.id/profiles/hedgehog_protocol): BaseFee Token is a synthetic asset representing Ethereum base fee on Hedgehog Protocol. It is used for hedging against gas price volatility and for speculating on Ethereum transaction fee movements. Users can mint the token by depositing collateral, sell it when gas prices are high, and buy it back at lower prices to profit from declining fees. (Synthetic Assets)

## Links

- [Main](https://thehedgehog.io)
- [Documentation](https://hedgehog-protocol.gitbook.io/main)
- [Privacy policy](https://thehedgehog.io/privacy-policy)
- [Terms of Service](https://thehedgehog.io/terms-of-service)
- [Telegram](https://t.me/thehedgehog_io)
- [Medium](https://medium.com/@TheHedgehog_io)
- [Telegram](https://t.me/thehedgehog_news)
- [Twitter / X](https://x.com/TheHedgehog_io)
- [LinkedIn](https://www.linkedin.com/company/hedgehog-protocol)
- [Instagram](https://www.instagram.com/thehedgehog_io)
- [Discord](https://discord.com/invite/9dRpg8dbKH)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP