> For the complete documentation index, see [llms.txt](https://hegic-1.gitbook.io/hegic/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hegic-1.gitbook.io/hegic/stake-and-cover.md).

# Stake & Cover

Stake & Cover (S\&C) is a liquidity provision and utilization model used on Hegic after the Hegic Herge protocol upgrade (October, 2022). With Stake & Cover, token holders can provide the HEGIC tokens into the pool that will be used for collateralizing options and option strategies acquired through the protocol. Thus, the S\&C participants will share 100% of the net positive or net negative P\&L accrued due to the activities of the protocol’s users.

## Participation steps

#### Buy Hegic Token

There are several ways to buy Hegic Token from market.

1. Use [Uniswap](https://app.uniswap.org/#/swap?inputCurrency=ETH\&outputCurrency=0xfc5A1A6EB076a2C7aD06eD22C90d7E710E35ad0a) to buy Hegic token.
2. Use CEX like [Gate.io](https://www.gate.io/)\\[OKX](https://www.okx.com/) to buy Hegic token.

#### Bridging Token to Arbitrum

Becasue of Hegic-herge contract is based on Arbitrum. So users need to bridge their Hegic Token to Arbitrum network to participate in the Stake & Cover activities.

If you purchased the token from Uniswap, then the token is already in an Ethereum wallet address, you can go directly to the next step.

If you purchased Hegic Tokens from CEX, you need to transfer them to your Ethereum wallet address.

If you want to Bridge Hegic Token from Ethereum, you can use the official Arbitrum Bridge.

Website: <https://bridge.arbitrum.io/?l2ChainId=42161>

<figure><img src="/files/VoSrpqgVqcN1kIZTYDON" alt=""><figcaption><p>Bridge Token Selection</p></figcaption></figure>

#### Stake On Hegic-Herge Website

Stake & Cover Website: <https://www.hegic.co/app#/arbitrum/stake-cover/position>

<figure><img src="/files/EDLuJN1Ek4sWbbdTcy53" alt=""><figcaption><p>Stake &#x26; Cover</p></figcaption></figure>

The Stake function is only enabled in the first 7 days of each epoch. You can apply to withdraw your Hegic at any time, but this action will only take effect after the settlement of the Epoch.

You can check the start time and end time of the current Epoch through the information on the website.&#x20;

At the same time, the website will display the current P\&L status of the pool. If it is profitable at the time of settlement, the USDC profit will be distributed according to the share. If it is a loss , the Hegic Token will be deducted according to the fixed-Hegic Price and the holding share.

More information from team can check in[ F\&Q page](https://www.hegic.co/app#/arbitrum/stake-cover/faq).