The Co-founder and CEO of Cega has the following to say:

“Our expansion into the growing Arbitrum ecosystem signifies a proud step forward for Cega in the DeFi ecosystem. Arbitrum’s strong DeFi community fosters a favorable environment for Cega to enter and bring foundational options capabilities as well as cutting-edge derivatives primitives. Cega’s products will help users on Arbitrum gain access to a new kind of return with a strong reward. We’re looking forward to providing Arbitrum users with access to safer, structured investments.” — Arisa Toyosaki, Co-founder and CEO of Cega.

In celebration of Cega’s Arbitrum launch, they’re also introducing the L2 vault strategy, featuring ARB and OP tokens. Users stake USDC stablecoin to earn USDC yield with an estimated APY of up to 63% APY, downside protection of 50%, and strong backtesting results indicating a low probability (5% chance) to risk losses on invested principal. The L2 vault is a strong solution for those in the Arbitrum community seeking a diversified, risk-managed approach to earning high yields in DeFi while fundamentally supporting the growth of layer 2 blockchains.

About The Arbitrum Foundation

The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. The Foundation oversees the $ARB token and governance structure as well as the Arbitrum Security Council. An Optimistic Rollup, Arbitrum One provides ultra-fast, low-cost transactions with security rooted on Ethereum. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 65%+ TVL in the L2 segment, with 400+ DeFi and NFT projects are live in the ecosystem to date.

About Cega

Cega is a decentralized structured investments protocol that helps investors earn high fixed yield on their USDC stablecoin. Cega strategies deliver yield enhancement, principal protection, and more, to an investor’s diversified DeFi portfolio. Now accessible on Ethereum, Solana, and Arbitrum.

SOURCE:

https://cegafi.medium.com/cega-launches-on-arbitrum-aab2963c4691

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Credora and Cega Form Credit Evaluation partnership to Facilitate On-Chain decentralized finance Derivatives.

Credora’s credit evaluation will reduce the inherent risk of Cega Fixed Coupon Note (FCN) lending to Market Makers.

Partnership Highlights

Cega is on a mission to create superior, flexible, and diversified investment opportunities for every Web3 investor. They are developing new capabilities in tech, token contracts, and data modeling that will enable the next evolution of DeFi derivatives through their decentralized platform.

Credora is partnering with Cega to conduct credit evaluations using privacy-preserving technology on the market makers who provide pricing on Cega derivatives. The partnership will accelerate the adoption of DeFi derivatives on the blockchain. By using proven methodologies to reduce inherent counterparty risks.

Cega is building a suite of exotic options products for investors starting with the protocols exotic derivative fixed coupon notes. The protocol allows investors to provide capital (aka “principal”) to the FCN note issuer (market maker), who promises to pay yield (“interest”) periodically and return the principal when the note expires. The Market Makers are onboarded through Credora’s platform, which evaluates sensitive on-chain and off-chain financial information as part of a credit evaluation. The technology powering real-time components of the credit evaluation is provably neutral and verifiable. The creditworthiness of the Market Makers is updated in real-time data to ensure Cega investors have appropriate counterparties.

Credora services have a proven track record across various DeFi applications. Credora’s evaluation encompasses real-time risk monitoring, KYC and financial statement analysis. Similar to other applications, Cega gains transparency of the Market Makers risk through Credora’s privacy-preserving credit oracle.

For Market Makers

The Market Makers must onboard through Credora before they can participate in the bidding process for the Cega derivatives. The Credora credit evaluation process captures data across their CeFi and DeFi holdings. To generate a credit rating and additional borrow capacity, which is factored into Cega’s bidding limits. The Market Makers that provide complete real-time metrics increase their opportunity for a higher credit rating.

For Cega Investors

Investors in the Cega protocol will have the ability to initially participate in the open FCN baskets that have varying underlying assets. Investors have the benefit of choosing the asset within the basket to invest and gaining diversified exposure across the asset basket. Through the partnership with Credora, Cega will have access to more data on the Market Makers to make informed decisions on who will win the FCN derivative. Investors benefit from the added credit evaluation, which ensures their capital is with a creditworthy market maker.

Management Quote

Arisa Toyo, CEO of Cega, said:
“Cega values counterparty risk analysis to make sure their partners are able to handle exotic derivatives on their balance sheet. Credora’s privacy-preserving credit evaluations will provide the borrower’s credit rating. And borrow capacity per market maker to help create a safer DeFi ecosystem.”

Darshan Vaidya, CEO of Credora, said:
“We are excited to be a part of Cega’s decentralized derivative products for the crypto ecosystem through the use of our privacy-preserving credit evaluations. Credora evaluations of the borrower’s creditworthiness will help facilitate transparent and efficient derivative lending on Cega.”

About Cega

Cega is a decentralized exotic derivatives protocol. The platform is building exotic options structured products for investors that generate superior yield and offer built-in protection against market downturns. Cega is developing new capabilities in tech, token contracts, and data modeling that will enable the next evolution of DeFi derivatives.

Website | Twitter

About Credora

The Private Credit Oracle. Credora is an end-to-end lending solution facilitating credit by validating real-time risk metrics in a zero-knowledge environment.

Website | Twitter

SOURCE

https://credora.medium.com/credora-and-cega-form-credit-evaluation-partnership-to-facilitate-on-chain-defi-derivatives-12dfb5a8bbac

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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.

Website | Twitter

SOURCE

https://cegafi.medium.com/cega-mainnet-launch-c57739bcba9c

The post Cega Mainnet Launch on Solana appeared first on Smart Liquidity Research.

Cega utilizes Maple’s Finance infrastructure as a Launchpad for a liquidity protocol and embodies the culture of protocol composability on Solana.

Cega is a DeFi application built on Solana that creates exotic derivative contracts and consumer-facing staking products for the retail audience.

Introduction to Maple Finance

Maple is a multi-chain institutional crypto-capital network and has rebuilt debt-capital markets on-chain for maximum capital efficiency. Since Maple’s smart contract kit removes time and cost frictions and uses the Solana blockchain for transaction immutability.

Maple is the first protocol to bring undercollateralized lending to Solana after immediate traction on Ethereum.

Furthermore, on Maple, growth-seekers come together:

• credit experts run lending businesses
• protocols like Cega build liquidity programs
• lenders and borrowers unite

As a result, Maple has found product-market fit lending to 30 crypto market makers through pool delegates. Therefore, Maple has issued $1.1BN loans in just ten months and is actively the top player in the institutional DeFi lending space.

Why utilize Maple infrastructure?

As previously stated, Cega utilizes Maple’s infrastructure as a launchpad. By harnessing the Maple platform’s KYC-AML processes, smart contracts, and on-chain accounting tools, in other words, Cega has accelerated its growth and ensured a secure product for users.

This is especially important for what Cega wants to do in issuing its first products.

Integration Benefits:

• Increasing Maple’s utility
• Driving composability

Hence, Cega is incredibly excited about this innovative integration to facilitate Cega’s commercial operations.

About Cega

Cega is a decentralized finance application built on Solana that creates exotic derivative contracts as well as consumer-facing staking products for the retail audience.

Website ♦ Twitter

About Maple

Maple is a crypto-capital network operating across the Ethereum and Solana blockchains. Maple facilitates efficient credit flows by providing the technology for credit experts to build lending businesses.

Website ♦ Twitter

⏩ SOURCE

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