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 Vaults | 2. Bond + Options Vaults | 3. Leveraged Options Vaults |
|---|---|---|
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 |
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Deep Dive
The three types of products offer strong risk-reward profiles meeting different investor preferences.
1. Pure Options Vaults | 2. Bond + Options Vaults | 3. Leveraged Options Vaults | |
|---|---|---|---|
Options Strategy | Fixed Coupon Note | Fixed Coupon Note | Put Spread |
Deposit & Yield Asset | USDC | USDC | USDC |
APY | 3% to 20% | 5% to 12% | 20% to 109% |
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) |
Underlying Assets | BTC, ETH, SOL, or AVAX | BTC, ETH, or SOL | BTC, ETH, SOL, or AVAX |
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 scenarios - Incur losses if asset prices fall past barriers - Smart contract risk |
Last modified 2mo ago