Overview

Cega is building the premier suite of exotic options products for investors. Please refer to our options strategies below offering strong, varied risk-reward profiles below.

Cega’s Vault Strategies in a Nutshell

1. Pure Options Strategy2. Bond + Options Strategy3. Leveraged Options Strategy4. Dual Currency Vaults5. Shark Fins

Generates yield from options premiums only without bonds, per some investor strategies

Trades Cega’s inaugural note product; strategies cater to conservative market outlook

Experienced DeFi users looking to diversify portfolios and get high return with just an option position

Maximize yield on alternative assets while seizing the opportunity to acquire at a discount or sell for a profit.

Enjoy 100% principal protection and guaranteed returns with a high bonus yield

Deep Dive

The four types of products offer strong risk-reward profiles meeting different investor preferences.

1. Pure Options Strategy2. Bond + Options Strategy3. Leveraged Options Strategy4. Dual Currency Strategy5. Shark Fins

Options Strategy

Fixed Coupon Note

Fixed Coupon Note

Put Spread

Dual Currency

Shark Note

Deposit & Yield Asset

USDC, USDT, ETH, stETH & WBTC, USDe, sUSDe

USDC, USDT, USDe

USDC, USDT, USDe

ETH, stETH, WBTC, USDC, DAI, USDT, USDe

ETH, stETH, USDC, USDT

APY

24% to 60%

12% to 20%

37% to 150%

22% to 130%

9% to 15%

Price-drop

Protection Barriers

Up to 50%

(e.g. BTC falls to ~$10K)

Up to 90%

(e.g. BTC falls to ~$2K)

Up to 50%

(e.g. BTC falls to ~$10K)

-

100% (Fully principal protection)

Underlying Assets

BTC, ETH, SOL, AVAX, ARB, OP, LDO, RPL, stETH, XAUT

BTC & ETH

BTC, ETH, SOL, AVAX, ARB, OP, LDO, RPL, stETH, XAUT

ETH, stETH & WBTC

ETH, BTC

Risks

  • Incur losses if asset prices fall past barriers.

  • Smart contract risk.

  • Lend capital to market maker (credit default risk).

  • Incur losses if asset prices fall past barriers.

  • Smart contract risk.

  • Leveraged returns risks bigger loss in some scenario.

  • Incur losses if asset prices fall past barriers.

  • Smart contract risk.

  • The deposit currency may be converted at a rate that is less optimal than the market rate, diluting potential upside.

  • Smart contract risk.

  • Lend capital to market maker (credit default risk).

  • Smart contract risk.

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