First on-chain DeFi exotic derivatives generating a risk-adjusted safer yield
Today, we’re excited to announce the mainnet launch of Cega Finance (“Cega”) on Solana!
What’s Cega?
Cega is the first decentralized finance (“DeFi”) exotic structured products protocol that creates vaults for investors which are safe and high yielding. We developed advanced math models to create structures that offer price protection against market crashes and compounding returns.
We focus on yield transparency, which means all of our trading strategies are USDC deposited and USDC yield. We do not have any other tokens. For more details on our products, learn more from our documentation here.
Our First Products
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%
We had originally looked at launching 50% protected products only, but due to market conditions, we’ve decided to create safer products so that everyone’s assets are responsibly managed.
However, if you are looking to continuously execute degen trades, you can go ahead to Magic Eden to get one of our Cega Super Sanic Utility NFTs which will unlock access to the last vault:
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
How to Use
Access and launch app on cega.fi
- Connect your Phantom wallet
- If you don’t have USDC, get some on FTX or swap on Jupiter Aggregator
- Choose a Cega trading strategy of your choice
- Deposit USDC amount
- If you cannot deposit, it will say “Sold Out”
- Done!
Utility NFTs
If you own one of our Cega Super Sanic Utility NFTs, you get access to the “Insanic” vault but there’s more! 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
Cega has conducted a strong security audit with Ottersec and received security consulting from Zellic. On a product level, our 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.
For more information
Twitter: http://twitter.com/cega_fi
Discord: http://discord.gg/cega
Documentation: https://cega.gitbook.io/cega/
