LogoLogo
  • 🥚Welcome
    • Introduction to Cega
    • FAQ
  • 💡Products
    • Vault Products
      • Overview
      • Shark Fin Strategy (SFN)
        • Investment summary
          • FAQs
        • Products
          • Bull Shark - ETH Underlying
          • Bull Shark - BTC Underlying
        • Risks and mitigation
      • Dual Currency Strategy (DC)
        • Investment summary
          • FAQs
        • DCS Rotation
        • Products
          • ETH Dragon
          • ETH Elephant
          • ETH Whale
          • stETH Dragon
          • stETH Elephant
          • stETH Whale
          • USDC Dragon
          • USDC Elephant
          • USDC Mammoth
          • USDe Elephant
          • USDe Whale
          • USDT Dragon
          • USDT Elephant
          • DAI Dragon
          • DAI Elephant
          • WBTC Dragon
          • WBTC Elephant
          • Pendle Ether.fi YT Tiger
        • Risks and mitigation
      • Pure Options Strategy (PO)
        • Investment summary
        • What options strategy is traded?
        • Products
          • Gold Rush
          • L2
          • Insanic
          • Gotta Go Fast
          • Supercharger
        • Risks and mitigation
      • Bond + Options Strategy (B+O)
        • Investment summary
        • Products
          • Cruise Control
        • What options strategy is traded?
        • Understanding the structure of a fixed coupon note
        • Payoff scenarios
        • Risks and mitigation
      • Leveraged Options Strategy (LO)
        • Investment summary
        • What options strategy is traded?
        • Payoff scenarios
        • Risks and mitigation
    • Backtesting
      • Historical Probability of KI (FCN)
      • Backtesting Appendix (FCN)
      • Backtesting Appendix (DC)
      • Backtesting Appendix (SFN)
  • 🙋‍♂️User Guides
    • Getting Started
      • Getting Started - Arbitrum
      • Getting Started - Ethereum
      • Getting Started - Solana
    • Depositing
    • Monitoring your Investment
    • Withdrawals & FAQs
    • Withdrawing Using Multisig - DCS Vaults
    • Selling Vault Tokens
    • Buying Vault Tokens
  • 🔍How Cega Works
    • Glossary
    • Options 101
      • Options vs Derivatives
      • Introduction to Options
      • Introduction to Exotic Options
    • Cega's APYs Explained
    • Vault tokens
    • Vault lifecycle
    • Protocol Fees
    • Supported wallets
    • NFT gating
    • Price Feeds
  • 🔒Security
    • Audits and Security
  • 🔗Resources
    • Cega Application
    • Discord
    • Twitter
    • Medium
Powered by GitBook
On this page
  • What is Cega
  • How Cega generates yield
  • Why the Sanics Created Cega
  1. Welcome

Introduction to Cega

PreviousWelcomeNextFAQ

Last updated 12 months ago

What is Cega

Cega is the leading DeFi structured investments protocol and has transacted $440M+ to date. Users can earn high fixed yields between 10% to 120% APY on their USDC, ETH, stETH, WBTC and more. Cega was the first to launch on-chain derivatives strategies that are popular in TradFi and add yield enhancement, principal protection, and diversification to investor portfolios.

Cega is backed by Dragonfly Capital and Pantera Capital and can be accessed on Ethereum Mainnet, Arbitrum or Solana.

How Cega generates yield

Cega generates yield for users from options premiums. The premiums received from selling the options is entirely distributed as yield to vault participants. The structured products available at Cega consist of a variety of exotic options & lending strategies that maximize yield and provide downside protection.

Need a refresher on Options? .

Why the Sanics Created Cega

DeFi currently experiences a lot of issues…

  1. There is a lack of real yield and product innovation in DeFi. New products are often forks of the best ideas in the market, people are not innovating with their products. Because of this, users face an ecosystem largely built on ponzi schemes and inflationary token rewards. Now we face an ecosystem that lacks real yield.

  2. There is still a lack of access to TradFi's elite products. Some financial tools are still only available in the depth of TradFi, and most of DeFi is faced with poor UX and hard-to-understand products.

  3. DeFi operates on high-risk, high leverage investment strategies, and lacks opportunities for lower risk-profile investors.

🥚
Learn about them here