Cega Mainnet Launch on Solana
Cega, a decentralized exotic derivatives protocol, announced its Mainnet Launch on Solana, a decentralized blockchain built to enable scalable, user-friendly apps for the world.
The decentralized exotic derivatives protocol, Cega, is excited to announce its Mainnet Launch on Solana, the fastest blockchain in the world!
Introduction to Cega
To begin with, Cega is the first decentralized finance (“DeFi”) exotic structured products protocol that creates vaults for investors which are safe and high yielding. Moreover, they developed advanced math models to create structures that offer price protection against market crashes and compounding returns.
Furthermore, they focus on yield transparency, which means all of their trading strategies are USDC deposited and USDC yield.
First Products
Hence, 90% price protection means that even if the crypto market falls another 70%, you do not lose your principal and your yield stays.
Vault 1: “Cruise Control”
Underlying: BTC-ETH
Price Protection: 90% protected
Indicative APY: 8%
Vault 2: “Genesis Basket”
Underlying: BTC-ETH-SOL
Price Protection: 90% protected
Indicative APY: 12%
Vault 3: “Gotta Go Fast”
Underlying: BTC-ETH-SOL
Price Protection: 50% protected
Indicative APY: 150%
Cega originally looked at launching 50% protected products only, but due to market conditions, they have decided to create safer products so that everyone’s assets are responsibly managed.
Vault 4: “Insanic”
Underlying: ETH-SOL-AVAX
Price Protection: 50% protected
Indicative APY: 200%
*you have to connect to Cega with the wallet address you have the NFT in
Utility NFTs
However, if you own one of their Cega Super Sanic Utility NFTs, you get access to the “Insanic” vault but there’s more! Indeed, make sure to make your Sanic into your profile picture to show that you are a part of the Cega community!
- Airdrop Booster (you can get multiple for extra boost) *there will be a cap
- First access to new strategies coming out
- Invitations to exclusive online and offline events
- Surprise swag drops
- Membership to the gigabrain community in DeFi
Risk and Security
However, Cega has conducted a strong security audit with Ottersec and received security consulting from Zellic. On a product level, their code was deemed “high quality” and any security risks were mitigated throughout the auditing process.
These vaults are safer and high yielding, but there is a small down-side risk. By investing, you understand that if markets tank more than the % protected, you could be losing some if not all of your principal.
About Cega
Cega is building the next evolution in decentralized Finance derivatives with the first protocol focused purely on exotic options.
SOURCE
