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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
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